Paladin Research Report For:
Damian Lombardi
Parallel Financial
About Damian Lombardi
As my work experience indicates, I have demonstrated commitment to my client's goals. My track record is consistent in my career endeavors as well as in my life as a whole. I dedicate myself to whatever task is at hand. I marshal my resources and stay with the project/issue until it is completed to my satisfaction. Since my goals and demands are even more stringent than my firm's expectations, I consistently exceed quotas and objectives. I place my client's needs and preferences above my own.
Parallel Financial, LLC is a member firm of The Fiduciary Alliance, LLC, which is a registered investment adviser. More information about Parallel Financial can be found in Form ADV Part 2 which is available upon request. This website is for informational purposes only and should not be construed as investment advice or a recommendation to buy or sell any security or other investment, or to undertake any investment strategy. Opinions expressed herein are solely those of Parallel Financial, LLC, unless otherwise specifically cited. Material presented is believed to be from reliable sources and no representations are made by our firm as to another party's informational accuracy or completeness. All information or ideas provided should be discussed in detail with an advisor, accountant, or legal counsel prior to implementation.
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
https://fiduciaryalliance.egnyte.com/fl/PX3h5tBjJc
Additional Detailed Disclosures
https://www.paladinregistry.com/disclosure/1893374/paladinregistry-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.
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