Disjoint-access parallelism and wait-freedom are two desirable properties for implementations of concurrent objects. Disjoint-access parallelism guarantees that processes operating on different parts of an implemented object do not interfere with each other by accessing common base objects. Thus, disjointaccess parallel algorithms allow for increased parallelism. Wait-freedom guarantees progress for each nonfaulty process, even when other processes run at arbitrary speeds or crash.A universal construction provides a general mechanism for obtaining a concurrent implementation of any object from its sequential code. We identify a natural property of universal constructions and prove that there is no universal construction (with this property) that ensures both disjoint-access parallelism and wait-freedom. This impossibility result also holds for transactional memory implementations that require a process to re-execute its transaction if it has been aborted and guarantee each transaction is aborted only a finite number of times.Our proof is obtained by considering a dynamic object that can grow arbitrarily large during an execution. In contrast, we present a universal construction which produces concurrent implementations that are both wait-free and disjoint-access parallel, when applied to objects that have a bound on the number of data items accessed by each operation they support.