Emigrant Partners completed its investment in Parallel Advisors.

Emigrant Partners, a capital and advisory services partner, completed its investment in Parallel Advisors, a financial planning and investment management firm headquartered in San Francisco. Financial terms were not disclosed. "We are very pleased to have a firm of Parallel's distinction join Emigrant Partners. While our partners retain full control over their strategy and investment decisions, Emigrant Partners has always provided long-term, stable capital and growth through both our guidance and our ability to leverage New York Private Bank & Trust's extensive network of value-added resources," Karl Heckenberg, Emigrant Partners CEO.