Information Density: Parametric Portfolio Associates – Signal Evidence & AI Readability

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Custom portfolio solutions

We offer investors the precise market exposures they seek while helping manage risk, reduce tax and elevate outcomes.

Discover tailored, transparent, systematic solutions:

For Wealth managers

For Institutional Investors

Custom portfolio solutions

We offer investors the precise market exposures they seek while helping manage risk, reduce tax and elevate outcomes.

Discover tailored, transparent, systematic solutions:

For Wealth managers

For Institutional Investors

Parametric Outlooks for 2026

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[H2] Our specialty

[H3] Direct indexing

Investors can use direct indexing to completely customize their portfolios with tax advantages that ETFs can’t match.

MORE ON DIRECT INDEXING

[H3] Tax management

It’s not what you make, but what you keep. With active tax management, advisors can capitalize on tax-saving opportunities.

MORE ON TAX MANAGEMENT

[H3] Overlay
Parametric Overlay solutions can help investors potentially alleviate portfolio shortfalls and inefficiencies.
MORE ON OVERLAY

[H2] Cerulli Associates Report

[H3] What Matters to High Net Worth Clients Now?
New research from Cerulli Associates finds that affluent investors want comprehensive, long-term, tax-aware financial planning—and wealth managers need to deliver it. Download the report to find out how to strengthen your client relationships for the future.
Learn more >>

[H3] Related Content

Blog post

[H3]
Tax Loss Harvesting in Volatile Equity Markets: Q3 2025

[IMG: Tax Loss Harvesting in Volatile Equity Markets: Q3 2025]
[IMG: Tax Loss Harvesting in Volatile Equity Markets: Q3 2025]
[IMG: Tax Loss Harvesting in Volatile Equity Markets: Q3 2025]

Discover how Q3 highlighted the strength of SMAs when paired with systematic tax management to harvest tax losses even when the market is up.

Read more

Video
Media Appearance

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Emily Gray on InvestmentNews: Investor Demand for Direct Indexing on the Rise

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[IMG: Emily Gray on InvestmentNews: Investor Demand for Direct Indexing on the Rise]
[IMG: Emily Gray on InvestmentNews: Investor Demand for Direct Indexing on the Rise]

See managing director Emily Gray highlight the potential advantages of direct indexing and long/short equity strategies.

Read more

Blog post

[H3]
Fixed Income Tax Loss Harvesting: Unlock Value in Volatile Markets

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[IMG: Fixed Income Tax Loss Harvesting: Unlock Value in Volatile Markets]
[IMG: Fixed Income Tax Loss Harvesting: Unlock Value in Volatile Markets]

Discover how fixed income tax loss harvesting could unlock value in volatile markets by generating realized losses that may be able to enhance after-tax returns.

Read more

See all insights and resources

ADVISOR TOOL
Laddered Interest Rate Scenario Tool
Calculate potential tax-optimized and customized bond yields using our Laddered Interest Rate Scenario Tool.

LEARN MORE >>

[H3]
Learn with us

View more videos on Parametric's YouTube Channel

Parametric in the press

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Parametric Radius
Parametric proprietary technology platform Radius helps accelerate asset growth in its first year, drives enhanced data analysis and allows increased trading volume. Learn more.

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Emily Gray at Money Management Institute Conference
Managing director of product management Emily Gray, CFA, speaks with Nate DiCamillo of Fundfire at the MMI Conference about the growing demand for tax-managed long-short strategies. Watch now.

[H3] Follow us
Parametric partners with advisors and institutions to focus on what’s important to them and their clients. Keep up with our latest news by following us on all our social networks.

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The Wealthmanagement.com Industry Awards are independently granted in recognition of business initiatives introduced or enhanced in the previous 18 months that enhance financial advisor success and help advisors create better outcomes for their clients. Submissions are reviewed and ranked by a panel of independent judges with required industry expertise, looking at the submission’s innovation, scope and impact. No financial compensation is paid for consideration in the award process.

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[H1] Institutional Investors
Creative Customization. Precisely Delivered.
We deliver expertise in implementing customizable portfolio solutions for the challenges, portfolio risks, and asset allocation needs institutions face today.

Investor Solutions
Institutional Investors

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Parametric is a global asset manager that's spent 35 years designing and delivering customized solutions for our clients. We use a systematic, rules-based approach that seeks to deliver transparent, predictable and repeatable outcomes. Our mission is to help institutional investors access efficient market exposures, solve implementation challenges and design multiasset portfolios that respond to their evolving needs.

Diverse solutions for trusted institutions
We’re there when a large corporate plan needs a liquidity solution that doesn’t hinder returns. Or a leading public plan needs to optimize exposures and keep its portfolio aligned with policy. Or a prominent endowment has to address risk issues related to a set of particular investments. Our solutions blend creativity and diligence to deliver the ideas and execution today's investors need to solve their unique challenges.

Key competencies

[H2] Derivatives

Listed and OTC instruments globally

[H2] Equities

Domestic, developed, emerging, frontier

[H2] Fixed Income

Sovereign, municipal, investment grade

Solutions for institutional investors
Since our founding, we've crafted a set of specialized solutions that integrate a mix of dynamic creativity and diligent execution. We can tailor that mix for each client across custom and enhanced engineered solutions. Our implementation expertise can give your portfolio the return enhancement and risk mitigation oversight it needs to be efficient.

Custom Building Blocks

Core solutions tailored to each client's unique needs and circumstances

Custom Portfolio Management
Cross-Asset Portfolio Solutions
Custom Indexing
Custom Extension
Factors

Fixed Income
Liability-Driven Investing
Overlay
Responsible Investing

Enhanced Engineered Strategies

Researched-based approaches seek to deliver alpha and enhance diversification

Commodity
Emerging Markets
International Equity
Volatility Risk Premium
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We maximize these capabilities through an unwavering focus on:

[H2] Transparency

Frequent, often daily, communication and custom reporting

[H2] Efficiency

Systems and processes that drive ideal execution

[H2] Risk Optimization

Calibration, inclusion of desired risks, exclusion of undesired risks

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INSIGHT

[H2] The Endowment Tax: Thoughts and Considerations for Investors

Prepare for the potential of Endowment Tax. Explore strategies for shifting landscapes.

LEARN MORE >>

A different type of partner
We’re more than our assets under management, a roster of investment capabilities or a long list of names. We’re an asset manager specially equipped to build and deliver creative custom solutions.

Immersed in markets

We execute millions of trades in markets around the world on behalf of our clients every year.

Practical experience

We’ve guided portfolios across multiple market cycles and through every type of market environment.

Cohesive team mindset

We’re an experienced and unified group, not a collection of individual stars, working toward better results.

Intellectually curious

Our large and diverse team is relentlessly thoughtful and practical about solving our clients’ investing challenges.

Why institutions choose us
We offer the potential advantages of an independent, vibrant boutique with a client-first mindset. We can partner with your staff to centralize and optimize your investment operations, or we can give you the control and the tools to implement your tactical portfolio views.

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Premier Access

Senior relationship professionals support institutions with direct engagement from investment experts.

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True Collaboration

We act as a true extension of your team, with personalized service and communication.

Distinct culture

Our close-knit internal culture extends into our business relationships and local communities.

[H3] Get in touch

Want to learn more about Parametric’s institutional capabilities?

CONTACT US >>

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[H2] Fixed income investigated

Our weekly updates will keep you on top of rates, inflation, and much more.

LEARN MORE >>

[H3] More to explore

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Blog post

[H3] Total Portfolio Approach: How Liquid Factors Help Unify Risk

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by Dale Rosenthal, Director, Derivatives Research

May 11, 2026

Discover why a Total Portfolio Approach can be hard to implement and how including Parametric’s Liquid Factor Model helps unify risk across public and private assets.

Read more

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Overlay,
Volatility,
Inflation,
Market activity,
Institutional investor,
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Whitepaper

[H3] Expect the Unexpected: The Role of Commodities During Periods of Unexpected Inflation

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by Greg Liebl, Director, Investment Strategy;
Adam Swinney, Investment Strategist

April 13, 2026

We believe that including commodities in a portfolio not only offers potential opportunities for increased diversification but can also help mitigate the worst inflationary outcomes.

Read more

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Commodity,
Inflation,
Institutional investor

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Blog post

[H3] Geopolitical Risk, Commodities and Core Portfolio Resilience

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by Adam Swinney, Investment Strategist;
Greg Liebl, Director, Investment Strategy

April 9, 2026

Diversification isn’t guaranteed when inflation and growth diverge. Discover how a modest commodities allocation may help balance a core portfolio.

Read more

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Commodity,
Inflation,
Market activity,
Institutional investor,
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[H1] Wealth Managers
Your relationship with your clients is everything. We want to help you nurture and strengthen those relationships by providing the solutions that solve investors’ financial challenges.

Investor Solutions
Wealth Managers

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From retirement planning to wealth accumulation to income generation, our solutions allow you to take an active role while benefiting from our expertise.

Built for your clients
Parametric’s comprehensive suite of customized portfolio solutions fits into any sleeve of your client's portfolios. Whether your clients need actively managed investments or index-based solutions, you’ll find the right tools for the job. This is a three-step process:

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[H2] Flexibility

Learn more >>

Decide what kind of portfolio to start with: active, market exposure, or systematic.

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[H2] Customization

Learn more >>

Because clients have different needs, Parametric provides options to customize your base. You can use exposure options, tax management, and responsible investing to build a portfolio that’s entirely your client’s own.

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[H2] Continuous management

Learn more >>

We provide ongoing oversight with risk management, trading and execution, year-round tax-loss harvesting, and robust client reporting.

[H2] Solutions for wealth managers

What's important to you?
Clients can apply tax, factor, and ESG themes across most of our solutions.

Tax Management

Factors

Responsible investing

Next-level technology
We’re committed to providing you with deep insights into your clients’ investments. That's why we’ve built robust reporting and tools, accessible on secure platforms with easy-to-use interfaces—allowing you to build and evaluate portfolios customized to each client's needs.

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[IMG: Read more about Tax-Equivalent Yield Calculator]

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Tax efficiency through advanced technology
Even sophisticated fixed income investors can miss opportunities to boost tax efficiency. Learn how Parametric's advanced technology can help investors navigate complex rate environments and enhance potential after-tax returns.

DOWNLOAD THE BROCHURE >>

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iNVESTOR SPOTLIGHT

[H2] Our commitment to corporate governance

We take the long-term view that risk control, diversification, and careful cost management can make or break investment success. These principles drive our efforts as a fiduciary for our clients. Find out more about Parametric’s work in investment stewardship

LEARN MORE

[H1]
About Parametric

Leaders in direct indexing and other custom solutions for more than 30 years
Parametric partners with advisors, institutions, and consultants to build portfolios focused on what’s important to them and their clients.
We continue to innovate and build on a history of helping investors access efficient market exposures, solve implementation challenges, and design portfolios that respond to investors’ evolving needs. Parametric is part of Morgan Stanley Investment Management, the asset management division of Morgan Stanley.

About Parametric

What drives us?

[H2] Ingenuity

We evolve our skills and apply our technical expertise to solving investor challenges. We're industry leaders in custom solutions.

[H2] Authenticity

We’re transparent about our methods, producing systematic, client-focused investment solutions with repeatable outcomes.

[H2] Efficiency

We offer advisors and institutions powerful ways to build portfolios, reduce inefficiencies, and capitalize on market opportunities.

Each investor has challenges. All have one goal: to build a better future.
See how Parametric gives you the tools.

Four key areas of focus

Customization

We analyze each investor’s desired exposure and tailor the portfolio to meet it, whether via equity, fixed income, or both. We offer a robust suite of tools that help wealth managers build and evaluate portfolios customized to their clients’ unique needs and priorities.

Tax management

For most investors, taxes are a heavier drag on their portfolio than fees and transaction costs. We take a systematic approach to tax management, monitoring our clients' direct indexing portfolios daily and using a trigger-based method to harvest losses for maximum benefit.

Risk management

We use a systematic, rules-based approach to deliver repeatable outcomes for asset owners, consultants, and OCIOs. Our expertise, technology, and platform flexibility give portfolios the return enhancement and risk mitigation oversight they need to perform efficiently, including seeking to maximize returns from the volatility risk premium (VRP).

Technology

We continue to build on our quantitative approach to designing customized portfolios for investors and institutions that want more than a one-size-fits-all solution. Whether it’s direct indexing or our suite of overlay solutions, as our technology evolves, we never stop asking, “What if?”

We believe in

Questioning the status quo

Employing a disciplined, systematic approach

Building genuine partnerships

Our history
Parametric created our first custom portfolio in 1992, designed to behave like an index but with a watchful eye on tax management. It was the seed of direct indexing, which would eventually become our Custom Core® SMA strategy. Over the years, we’ve expanded our influence, attracting industry attention to the possibilities of direct indexing. We also have 30 years’ experience helping institutional investors solve exposure challenges, eliminate inefficiencies, capitalize on market opportunities, and manage risk. We have a proud history of bringing new ideas to life and rising to new challenges.

Our culture
Parametric is a place where everyone contributes. Making space for our employees to be their authentic selves lets us all benefit from more thoughtful ideas, resulting in more innovative investment solutions. Parametric is also committed to making a difference in our local communities.
Visit us on LinkedIn to learn more.

Our future
As Parametric continues to grow, we seek to maintain an environment where the best ideas win. We value and respect all our team members and are committed to one another’s success.
Join our team and discover a welcoming culture that offers:

Flexibility

An open, collaborative, and flexible hybrid work environment

Compensation

Competitive compensation, generous benefits, and work-life balance

Development

Access to a robust training and development program to help you grow your career from day one

Volunteer opportunities

Opportunities to participate in and help shape social and charitable-giving events