Financial Planning Provided by an Experienced Team of Certified Financial Planner (CFP®) Professionals - an Important Part of Wealth Management
We are an independent, fee-only Wealth Management firm staffed by CERTIFIED FINANCIAL PLANNER™ professionals specializing in today's most researched retirement strategies. Each team member also has additional specializations to provide a comprehensive, holistic level of service that is rarely found in financial service firms today.
Financial planning is the process of making life-impacting decisions based upon the proper analysis of many different factors, such as health needs, income needs, risk tolerance, tax impacts, and legacy desires. We provide financial planning at no additional charge to our Wealth Management Clientele.
As your Financial "General Contractor," we coordinate a team of highly specialized professionals such as CPAs, attorneys, and risk management specialists to assist you in achieving your optimal retirement experience. While each of these professionals have a great deal of expertise in their own area - their skills must be effectively coordinated in order for you to have your best retirement experience. Much like an architect oversees the construction of a building, the CERTIFIED FINANCIAL PLANNER™ professional's job is to oversee and supervise the proper execution of the financial strategies you choose.
In order to carry out this mission, our firm uses the latest technology to provide state-of-the-art plan design and testing, performance reporting, information security, and secure communications available to you every hour of every day, anywhere in the world.
Most of our clients desire assistance not only with growing and protecting their wealth, but also with planning and executing the myriad of decisions that must be made before and during retirement.
Our client relationship typically begins with fee-only investment management (we earn no commissions on any financial products of any sort). However, most client relationships typically include (to the extent requested) financial planning, retirement planning, and holistic wealth management. Holistic wealth management typically includes retirement income planning, tax optimization, risk management and loss prevention, and legacy planning (also known as estate planning). Realistically, it is not possible to perform proper financial planning without addressing all of the other areas of wealth management mentioned above.
Our relationship options generally begin for portfolios of $ 500,000 and include portfolio management, proactive communications, ongoing economic and financial workshops, basic financial planning, and dynamic performance reporting through a website that you can access 24/7. For investors who would benefit from a more holistic approach, Wealth Management Services are available as described on the Wealth Management page.
Our Fees are as follows:
|Managed Asset Level, in US Dollars||Annual % Fee|
|0 - 1,000,000 ($500,000 Minimum)||1.25% on first 1,000,000|
|1,000,000 - 2,500,000||1.00% on next 1,500,000|
|2,500,000 - 5,000,000||0.40% on next 2,500,000|
For more information on PARAGON's investment strategies, please see the How We Invest page.
Monthly/Quarterly Retainer Option
Occasionally, there are individuals or families who do not have significant assets available to transfer to our custodians (Fidelity Institutional, or TD Ameritrade Institutional) for management - but would still benefit from the comprehensive wealth management services listed above. Examples are persons whose personal wealth is significant, but perhaps their money is in company 401(k) plans, private business accounts, dynasty trusts or foundations, or custodians with whom they have built a significant and satisfactory relationship over time - so transfer of those portfolios are not desired. If this is your situation - we can still work together - we will simply provide all of our services for a negotiated annual retainer that is agreeable to both parties. It works very similar to a subscription to any other service, and can be paid by bank draft, credit card, or invoice.
We DO NOT offer an "hourly fee" or a "project fee" (pay for a financial plan) option. Our services are specifically designed to be cost-effective for higher net worth individuals and successful retirement-minded savers who now need, or will soon need, more advanced planning.
We have done extensive market research and know that our fees are competitive for the level of service that we offer. We are strictly fee-only, meaning we do not earn income from any investments or insurance you may purchase or own. However, unlike some fee-only firms, we do not offer an "hourly-rate" service model. Our fee-only compensation is derived only by a percentage of assets under management, or a negotiated retainer. Considerable research and benchmarking went into this decision. After offering an hourly fee option in the past, and watching those clients struggle and lag behind our other clients in virtually every area of financial success, we eliminated that service option. In our opinion, the hourly model and "one-off" financial plans significantly distracts our team's focus from delivering an extraordinary service and investment experience to all clients, all the time. Firms who offer one-off plans and "do it yourself with hourly consulting" model have no way of ensuring proper implementation of their recommendations, cannot provide performance reporting, have no way to respond to rapid market or economic changes, and often forego investing in the infrastructure and technology that can maximize portfolio returns and minimize errors. They are unprepared to step in in the event of their client's death or incapacity, have little or no relationship with family members, and struggle to coordinate with a client's other professional advisors (CPA, attorney, etc) because the relationships are not already in place. Simply put, our experience has taught us that hourly work and one-off planning is an inferior service model, and we will not offer it.
In years past, Comprehensive Wealth Management provided by a highly skilled TEAM of fee-only CERTIFIED FINANCIAL PLANNER™ advisors, was available only to the very wealthy.
However, by constantly focusing on our internal systems, retaining quality people, investing in our technology infrastructure, and continuously looking for ways to improve our clients' experience - we are able to provide a far higher level of client service than most firms can for investors with as little as $ 500,000 to invest with us.
We encourage you to see for yourself if PARAGON is right for you.
Certified Financial Planner Board of Standards Inc. owns the certification marks CFP®, CERTIFIED FINANCIAL PLANNER™ and federally registered CFP (with flame logo) in the U.S., which it awards to individuals who successfully complete CFP Board's initial and ongoing certification requirements.
Investment Advisory Services Provided by Paragon Wealth Strategies, LLC, a registered investment adviser.