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PARALLAX VOLATILITY ADVISERS, L.P.

SAN FRANCISCO, CA · CRD 158143 · IAPD ↗ · parallaxfund.com · 415-445-6646

$5.98BRegulatory AUM
19Advisory reps
51Employees
0Clients
n/aPlanning clients
1Private funds
2States
1Disclosures
fundSegment
ApprovedSEC status

Filing changes

35
April 2026 — PARALLAX VOLATILITY ADVISERS, L.P. reported RAUM down 33% ($8.93B -> $5.98B).
Regulatory AUM down >=25% since last filing.
M&A & valuationRecruiting & transitions
40
April 2026 — PARALLAX VOLATILITY ADVISERS, L.P. added office(s): 2 -> 3 additional locations.
Count of additional offices increased.
Office IT & facilitiesCRMRecruiting & transitions
40
April 2025 — PARALLAX VOLATILITY ADVISERS, L.P. shrank from 26 to 19 advisory reps.
Advisory representative count fell materially — advisors are moving, or the firm is shrinking.
Recruiting & transitionsM&A & valuation
35
April 2024 — PARALLAX VOLATILITY ADVISERS, L.P. reported RAUM down 67% ($24.60B -> $8.10B).
Regulatory AUM down >=25% since last filing.
M&A & valuationRecruiting & transitions
40
April 2024 — PARALLAX VOLATILITY ADVISERS, L.P. shrank from 35 to 26 advisory reps.
Advisory representative count fell materially — advisors are moving, or the firm is shrinking.
Recruiting & transitionsM&A & valuation

Data: SEC Form ADV monthly roster (public). Confirm on IAPD before acting.