Parthenon LLC
Registered investment adviser · Louisville, KY · CRD #107794
Form ADV data as of 2026-09-01Regulatory assets
$1.22 billion
Total accounts
461
Employees
7
Disclosure events
1
Firm details
- Website: http://www.parthenonllc.com
- Telephone: 502-327-5660
- SEC file number: 801-56440
- Most recent Form ADV filing: 2026-01-21
- SEC record: View this firm on the SEC's IAPD site
Disciplinary disclosures
This firm reports 1 disclosure question answered Yes, covering 1 reported events. Form ADV Item 11 covers charges and pending proceedings as well as findings, so a Yes answer is not itself a finding of wrongdoing. The underlying detail is filed with the SEC.
- Another regulator found a violation of investment-related regulations or statutes
Assets and accounts
| Provides continuous and regular supervisory or management services | Yes |
| Discretionary regulatory assets under management | $1.20 billion |
| Non-discretionary regulatory assets under management | $15.9 million |
| Total regulatory assets under management | $1.22 billion |
| Discretionary accounts | 450 |
| Non-discretionary accounts | 11 |
| Total accounts | 461 |
| Regulatory assets under management attributable to non-U.S. persons | $0 |
People
| Total employees (excluding clerical) | 7 |
| Employees performing investment advisory functions (including research) | 5 |
| Employees who are registered representatives of a broker-dealer | 0 |
| Employees registered as investment adviser representatives with a state | 5 |
| Employees registered as IARs for another investment adviser | 0 |
| Employees who are licensed insurance agents | 0 |
| Firms or persons who solicit advisory clients on the firm's behalf | 0 |
Custody
| Has custody of client cash or bank accounts | No |
| Has custody of client securities | Yes |
| Client funds and securities held in the firm's custody | $46.5 million |
| Clients for whom the firm has custody | 15 |
| A related person has custody of client cash or bank accounts | No |
| A related person has custody of client securities | No |
| The firm acts as a qualified custodian | No |
| A related person acts as a qualified custodian | No |
| Number of persons acting as qualified custodians for the firm's clients | 3 |
How the firm is compensated
Advisory services offered
Reported conflicts of interest
Form ADV Items 8 asks advisers to disclose arrangements that may create a conflict with client interests. This firm answered Yes to:
- Buys or sells for itself securities it also recommends to clients
- Receives soft dollar benefits
Client types
| Type of client | Clients | Assets |
|---|---|---|
| High net worth individuals | 219 | $1.07 billion |
| Pooled investment vehicles (other than investment companies and BDCs) | 1 | $17.8 million |
| Pension and profit sharing plans (not the participants or government plans) | 4 | $18.9 million |
| Charitable organizations | 10 | $40.7 million |
| Corporations or other businesses not listed above | 9 | $66.9 million |