About Parallel Financial
Parallel Financial was co-founded by Anthony Mahfood and Brian Boughner in 2013. After experiencing the financial collapse of 2008 and seeing firsthand how the financial industry put their interests above their clients, Brian and Anthony decided to create an independent firm to ensure that their client's best interest would always be first and foremost.
A few years after experiencing success with this strategy, they realized they were not alone and that other advisors longed for a place where they could take serve their clients with the freedom and flexibility to offer true unbiased advice. They created Fiduciary Alliance to meet that need and help these advisors transition out of the difficult situation they are in and provide them a platform that will give them flexibility, allow them to scale, and most importantly grow their practice.
In 2024, Fiduciary Alliance (FA) has grown to a regional firm with $1.5 billion in assets, 1,921 clients, and 25 advisors. FA only works with clients who are growth minded and advisors who keep their client's best interest paramount.
See Disclosures
General Information
Firm Start Year
2016
No. of Employees
50-99
CRD#
6823417
Firm CRD#
284924
Name of Broker/Dealer
Parallel Financial and Fiduciary Alliance are Registered Investment Adviser (RIA), not a broker-dealer
Name of Custodial Firm
Charles Schwab / Fidelity Institutional
States Licensed in
SEC firm is nationwide
Years of Experience in Financial Services
8
Number of Years with Current Firm
1
Work Experience
Financial Advisor
Parallel Financial · Full time
June 2025 - Present (9 months) · Hybrid
Greenville, North Carolina, United States
Skills: Investment Advisory Services
Porter Investments
July 2017 - June 2025 (8 years)
Director of Client Services SE / Investment Advisor Representative
Full time · Nov 2021 - Jun 2025 (3 years 8 months)
Greenville, North Carolina, United States · Hybrid
Client Relationship Manager / Investment Advisor Representative
Full time · Feb 2020 - Jun 2025 (5 years 5 months)
Houston, Texas
Investment Advisor Representative
Jul 2017 - Jun 2025 (8 years)
Houston, Texas
Investment Advisor Representative Trainee
Jan 2017 - Jul 2017 (7 months)
Trained to become a Registered Investment Advisor Representative.
Network Security Engineer (Public Trust Position)
Northrop Grumman Corporation
Apr 2016 - Oct 2016 (7 months)
Raleigh Durham Chapel Hill Area
Cisco Identity Services Engine (ISE) Engineer
Verizon Business
Network Engineer
Jan 2007 - Jan 2016 (9 years 1 month)
Cary, North Carolina
Telecommunications Technician
Jun 2001 - Jan 2007 (5 years 8 months)
Cary, North Carolina
Network Engineer Implementation
Jun 1999 - Jun 2001 (2 years 1 month)
Cary, North Carolina
Team Leader - Customer Service
Jan 1994 - Jun 1999 (5 years 6 months)
Cary, North Carolina
Work with the following types of clients
Businesses, Individual Investors
Advisory Services Provided
Investment Advice & Management, Estate Planning & Trusts, Insurance Products & Annuities, Financial Planning, Portfolio Management, Retirement Planning, 401K Rollovers, Wealth Management, Money Management, Risk Management, Education Funding and Planning, Financial Planning for Individuals, Financial Planning for Businesses, Tax Advice and Services, Legal Advice and Services, Financial Advice & Consulting
Compliance
Investment Advisor Representative
Yes
Acknowledged fiduciary
Yes
Compliance Disclosures in Last 5 years
I have a clean record
Criminal Disclosures in Last 5 years
I have a clean record
Qualifications & Membership
Securities Licenses
Series 65
Firm Information
Firm's Number of Clients
1921
Firm's Number of Planning Clients
1921
Firm's Number of Managed Clients
1921
Assets Managed by Firm
1.5 billion
Advisor's Number of Clients
80
Advisor's Number of Managed Clients
80
Total Assets Under Management by Advisor
$19,000,000.00
Compensation and Fees
Fee Structure
Fee-Only
Minimum Portfolio Size for New Managed Accounts
$50,000
Compensation Methods
Flat Fee
Additional Details on Charges
We are a flat fee-based firm, and we do not charge commissions or any other hidden fees.
Education
BSBA - Business Management
Geneva College
1984 -1992
Disclosures
Additional Detailed Disclosures
https://www.financialplanners.net/disclosure/1893374/financialplanners-Parallel-Financial-detailed-disclosure.html
Disclaimer
Testimonial Disclosure - Paid Parallel Financial is a member firm of The Fiduciary Alliance, LLC, which is a registered investment adviser. Advisor and its representatives are in compliance with the current filing requirements imposed upon SEC registered investment advisers by those states in which Advisor maintains clients. Advisor may only transact business in those states in which it is registered or qualifies for an exemption or exclusion from registration requirements. Advisor's web site is limited to the dissemination of general information pertaining to its advisory services, together with access to additional investment-related information, publications, and links. Accordingly, the publication of Advisor's web site on the Internet should not be construed by any consumer and/or prospective client as Advisor's solicitation to effect, or attempt to effect transactions in securities, or the rendering of personalized investment advice for compensation, over the Internet. Any testimonials or endorsements contained on this page or in videos may be given by current clients or non-clients and may involve compensation. In all cases, the Firm will comply with the rules established by the SEC and client disclosure requirements.