Parthenon LLC

Parthenon LLC is a fee-only investment adviser registered with the U.S. Securities and Exchange Commission, with its main office in Louisville, Kentucky. On its latest Form ADV, filed January 21, 2026, it reports $1.2B in regulatory assets under management, 219 individual clients and 5 employees who give investment advice. It reports no commission compensation, is not registered as a broker-dealer and does not act as an insurance agent.

Key facts from Form ADV

Registration	SEC-registered
Firm CRD number	107794 · SEC file 801-56440
Office	435 N. Whittington Parkway Suite 180 Louisville, KY 40222
Phone	(502) 327-5660
Website	www.parthenonllc.com
Regulatory assets under management	$1.2B ($1.2B discretionary)
Individual clients	0 non-high-net-worth, 219 high-net-worth
Financial planning clients	Not reported
How it charges	Percentage of assets
Services	Portfolio management
Employees	7
Disciplinary disclosures	Yes, see SEC record
Latest Form ADV filing	January 21, 2026

Source: the firm’s Form ADV Part 1A as published by the SEC’s Investment Adviser Public Disclosure database, data as of November 6, 2026. Figures are self-reported by the firm.

What this means for you

• It charges only as a percentage of the assets it manages. Ask about the fee schedule and any account minimum, which Form ADV Part 1 does not record.
• Most of its individual clients are high-net-worth, which on Form ADV means they meet the SEC’s qualified-client or qualified-purchaser test: broadly, more than $1 million managed by the adviser or a net worth above $2 million, with the thresholds indexed for inflation.
• It reports disciplinary history on Form ADV. Read the disclosure details on its SEC record before you engage it.

Before you hire any adviser

Read the firm’s Form ADV Part 2 brochure on its SEC record: it sets out fees, minimums, conflicts of interest and who will manage your money. Ask whether the firm acts as a fiduciary for all of your accounts, how it is paid in total, and who holds your assets. Our guide to choosing a financial adviser lists the questions to ask.

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