Paragon Wealth Strategies, LLC. is a large advisory firm based in Jacksonville. It manages $293.89 million of regulatory assets for 296 client accounts. It has been registered with the SEC as an adviser since 2008 and has operated in the jurisdictions of Florida, Georgia, New Hampshire, and 3 other states.
Paragon Wealth Strategies provides financial planning services and portfolio management for individuals and small businesses. It prepares financial plans for more than 100 clients. On top of advisory services, the firm doesn't engage in other business activities.
The assets under management (AUM) of Paragon Wealth Strategies, LLC. is $293.89 million. The firm's AUM has grown by 616% since the beginning of its operation, and $4.7 million of the total AUM is attributable to clients outside of the United States.
The advisory firm has several streams of revenue. Clients pay Paragon Wealth Strategies, LLC. for their services and products based on a percentage of assets under management and fixed fees. Compensation based on assets under management promotes a long-term relationship between a client and the adviser and helps align mutual interests. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.
The firm provides services to individuals, high net worth individuals, and corporations or other businesses. The largest group of clients of Paragon Wealth Strategies is high net worth individuals with 120 clients and $218.35 million of assets under management. Among the 7 most similar advisory firms, Paragon Wealth Strategies has the highest percentage of high net worth individuals out of all clients.
The amount of regulatory assets under management is $293.89 million for 273 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 1% of the firm’s clients are foreign persons or businesses.
Paragon Wealth Strategies doesn't advise any private funds.
The company employs 7 people that are either part- or full-time employees. 71 percent of the employees work as investment advisers or researchers. 5 employees are registered as investment adviser representatives with the state securities authorities.
There isn’t anyone with the role of looking for and bringing in new clients on behalf of the firm. The firm doesn’t compensate employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.
The principal office where Paragon Wealth Strategies, LLC. performs its advisory services is located at 10245 Centurion Pkwy N., Jacksonville, FL 32256, which is also the mailing address of the firm. It doesn’t run an office outside of the United States.
You can reach the main office by calling the phone number 904-861-0093 or by fax 904-861-0098. The normal business hours are 9am - 5pm on Monday - Friday. You can find more information about the New York firm at wealthguards.com.