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CFP
DD
CFP

David Droppo

Parallel Advisors, LLC
21 Years of Experience
Walnut Creek, CA
2 DisclosuresSells Insurance
View SEC Summary
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David Droppo is a CFP-designated registered investment advisor at Parallel Advisors, LLC, based in Walnut Creek, CA, with 21 years of industry experience. David operates on a fee-only basis, meaning they do not earn commissions from product sales. Their practice areas include Business Owners, Estate Planning, Financial Planning & Coaching, High Net Worth, and 4 more. Their firm serves 4,240 clients with $10B in assets under management.

Parallel Advisors, LLC
Compensation
Fee-Only (% of Portfolio)Fixed/Hourly
Firm Size
77 advisors
Number of Clients
4,240 clients
Average Client Portfolio
$2.4M average
Assets Under Management
$10.3B

Fee Structure

Minimum Investment:None
Planning is included in investment management (also available separately)
Minimum Annual Fee:$7,500
Portfolio-Based Fees (Tiered)
Portfolio ValueAnnual Fee
Up to $250K1.25%
$250K - $2.0M1.00%
$2.0M - $4.0M0.85%
$4.0M - $6.0M0.70%
$6.0M - $10.0M0.60%
$10.0M - $25.0M0.50%
$25M+0.30%

Fees are negotiable at the firm's discretion. There is a general minimum annual fee of $7,500. At no time shall the effective advisory fee exceed 2.00% of assets under management.

Fee Estimator
Your Portfolio Value
$500K
$0$500K$1M$5M$20M
Estimated Annual Fee
—
View Full SEC Brochure

Location

1655 N Main St, Ste 290, Walnut Creek, CA, 94595

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History

Regulatory History (2)
What are disclosures? Advisors must report customer complaints, regulatory actions, and certain legal or financial events to the SEC. Not all disclosures are serious—many are settled disputes or minor violations. Learn how to evaluate them.
Customer Dispute
November 2008
Denied
Customer Dispute
November 2008
Denied
View Full SEC ReportHow to Read Disclosures
Other Business ActivitiesSells Insurance

David is the owner of PAAK-Edge, LLC, a business management entity. He also sells recommended insurance products to clients as an independent insurance agent, dedicating about 10% of his time to this activity.

Employment History
Current Registrations
Parallel Advisors, LLC
June 2026 - Present · 4 mos
Apeiron
January 2019 - Present · 7 yrs 9 mos
Previous Registrations
Atlas Wealth Advisors LLC
September 2017 - December 2018 · 1 yr 3 mos
Wfg Investments, INC.Broker
October 2014 - September 2017 · 2 yrs 11 mos
Wfg Advisors, LP
October 2014 - September 2017 · 2 yrs 11 mos
Ameriprise Financial Services, INC.
September 2005 - October 2014 · 9 yrs 1 mo
Ameriprise Financial Services, INC.Broker
August 2005 - October 2014 · 9 yrs 2 mos
Ids Life Insurance CompanyBroker
August 2005 - July 2006 · 11 mos
State Registrations2 states
CATX
Advisor

You can work with an advisor not registered in your state. Most advisors can legally serve a small number of clients across state lines without registering.

Exams
No exam information available for this advisor.
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