Jacob Schutt
Chief Wealth Officer, Head of Family Office, Principal at Parallel Advisors
Investment adviser representative in San Francisco, CA
From the SEC’s public record of this individual, checked on 17 September 2026.
Jacob Schutt is the chief wealth officer of Parallel Advisors, LLC, a San Francisco-based SEC-registered investment adviser managing $10.31B. Jacob has been registered through the firm since 18 May 2007, with 23 years in the industry across 3 firms, holds adviser registrations in California.
Counts are from the SEC record as checked on 17 September 2026. Years are measured to that date.
Role at Parallel Advisors#
- Title on Schedule A
- Chief Wealth Officer
- Title the firm uses
- Chief Wealth Officer, Head of Family Office, Principal
- Control
- Schedule A reports Jacob Schutt as a control person of the adviser.
- Ownership
- Schedule A reports Jacob Schutt in the under-5% ownership band.
- Tenure
- Reported as Chief Wealth Officer since January 2026.
The firm
Parallel Advisors, LLC$10.31B regulatory AUM · 61 advisory staff · 38 officesFirm profileTitle and ownership as reported on Schedules A and B of the firm's Form ADV. Ownership percentages are the SEC's reporting bands, not exact figures. View Schedule A in the filing
Career on record#
- Parallel Advisors, LLC18 May 2007 to presentSan Francisco, CA · 19 years · adviser representative only · firm CRD 140800
- Morgan Stanley & Co. Incorporated2 April 2007 to 22 May 2007San Rafael, CA · under a year · adviser representative only · firm CRD 8209
- Morgan Stanley30 January 2003 to 2 April 2007San Rafael, CA · 4 years · adviser representative only · firm CRD 7556
Investment-adviser employment history in the IAPD record, newest first. The experience figure uses IAPD's calculation date of 29 January 2003, which may differ from the earliest registration below. View the IAPD record
Registrations and exams#
| State | Scope | Status | Since |
|---|---|---|---|
| California | Investment adviser representative | Approved | 18 May 2007 |
- Scope
- Investment adviser representative
- Status
- Approved
Examinations
| Exam | Name | Passed |
|---|---|---|
| Series 66 | Uniform Combined State Law Examination | 20 November 2002 |
| Series 31 | Futures Managed Funds Examination | 8 January 2003 |
| Series 7 | General Securities Representative Examination | 29 October 2002 |
- Name
- Uniform Combined State Law Examination
- Name
- Futures Managed Funds Examination
- Name
- General Securities Representative Examination
State adviser registrations currently approved, and the qualifying examinations on record. View the IAPD record
Regulatory record#
This directory does not report disciplinary history, for any firm or individual, in either direction. The SEC publishes the complete record, including any disciplinary events, and it is the authoritative place to check one.
Where to check this individual's complete record, including any disciplinary history. View the IAPD record
Background#
Parallel describes Jake Schutt as its first partner after the firm’s founding and says he has held advisory and operating leadership roles at the firm. Parallel Advisors, Jake Schutt profile
Education
- B.A. in English, University of Colorado BoulderParallel Advisors, Jake Schutt profile
- English, University of North Carolina at GreensboroParallel Advisors, Jake Schutt profile
Background statements are attributed to the named source. Firm biographies are not regulatory records.
Common questions#
Is Jake Schutt registered as an investment adviser?
Yes. His SEC record shows investment-adviser registration through Parallel Advisors since May 2007 and a current California registration.
Source: IAPD individual record, Registrations and Employment History
What is Jake Schutt’s title at Parallel Advisors?
Schedule A of Parallel Advisors’ Form ADV reports Jacob Schutt as Chief Wealth Officer and a control person, with that title acquired in January 2026. Parallel’s profile calls him Chief Wealth Officer, Head of Family Office, and Principal.
Source: Form ADV Part 1A, Schedule A; Parallel Advisors profile
Answered from the records above.
Leadership at Parallel Advisors#
Jerry RendicChief Executive OfficerCRD 2250186
Diane GabianelliChief Financial OfficerCRD 6452884
Sangeetha SrinivasanChief Compliance OfficerCRD 6801941- Daniel HaspelElected ManagerCRD 7091640
The other officers and owners named on the firm's Schedule A.
Sources
- IAPD individual record, CRD 4588040. Employment history, registrations and examinations.
- Form ADV Part 1A, Schedules A and B of Parallel Advisors, LLC, filed 29 June 2026. Title, control and ownership bands.
- Parallel Advisors team page. Biography, education, credentials, awards and portrait.
Retrieved 17 September 2026. The SEC record may have been amended since.
Report a correctionThis profile is compiled from public regulatory records and the firm's own published materials, and is provided for informational purposes only. Simple Money is not affiliated with Jacob Schutt or Parallel Advisors, LLC and makes no representation about the quality of their services. This directory does not report disciplinary history, in either direction.
Simple Money Advisors LLC is a California-registered investment adviser. This page is not investment, tax, or legal advice and is not an offer of advisory services. Verify this individual's current record at adviserinfo.sec.gov and the firm's at its IAPD record before engaging an adviser. The portrait is reproduced from the firm’s website for identification.