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| Paragon Wealth Management |
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Overview:
Standing by the DeLorean, at the end of the ’80s megahit “Back To The Future,” one of the time travelers wonders what’s to come. Why is the note she brought back from the future blank? Doc Brown responds:
At Paragon, we know it is your future on the line. As your financial advisor, we must understand your situation and investment goals. We want to fully appreciate your life dreams. Rather than focus solely on monetary matters, the Paragon approach is comprehensive — we consider your most deeply held values.
Many of our clients found us when they went through a significant change in their life — retirement, divorce, inheritance, the sale of a property or business. Making un-informed decisions in these serious subject matters can be multi-million dollar mistakes. We can provide invaluable guidance.
YOUR GOALS
First Step: Clarify your personal and financial goals. Whether that goal is a predictable income stream, financial stability, or traveling the world, we will do our best to help you achieve it.
Second Step: Determine your personal investment comfort level. When you invest within your comfort level, you are more likely to stay invested long term. And research shows that if you follow a strategy over the long term — regardless of the ups or downs of the market — you will significantly increase your return.
Third Step: Build an investment plan to turn your dreams into reality.
You are unique; your needs are different. Rather than build a boilerplate financial plan you will likely never look at again, we will focus on issues that affect you directly. Below are some of the issues our clients need help with.
Do you have a sound investment program in place? Is it diversified properly? Does it match your risk comfort level? Are you using quality products? Is it adjusted as market conditions change? Does it make sense? How much risk are you taking?
If you are in or approaching retirement, do you have a rock solid retirement income plan in place? Are your investments structured so your money won’t run out before you do? Does your current plan provide you with the appropriate blend of safety and growth? Do you feel anxious about your financial future or do you have a sense of peace?
If you are selling a property or a business, have you structured the transaction in the most tax efficient way? Have you figured out how to optimize your income after the asset is sold? Are you getting fair value from your business or property?
Have you optimized your social security income? Do you know the best time and way for you and your spouse to take it? Claiming social security used to be fairly straightforward. Now, with 1,728 confusing social security rules, many retirees are missing out on thousands of dollars in benefits.
In the case of a divorce, are you being treated fairly? Are you going to receive the share of your assets you are entitled to? Are you certain all of your marriage assets are accounted for?
Do you have an estate plan in place? Has it been updated to conform with recent changes in the laws? Will your money go where you want it to? Will it unnecessarily go to the government? Will it get tangled up in the courts and wasted in legal fees?
Money should be your servant, not your master. You should be able to use your money to live the life you want. If you manage your money properly, it can simplify and improve your life. If you manage it poorly, it will bring you more grief than good.
Everywhere you turn there are different voices telling you how to invest — magazines, books, infomercials, robo-advisors, self-proclaimed experts, etc. There is no shortage of free advice. The problem? Free advice is worth what you pay for it.
Making money is difficult. Keeping your money is even harder. There seem to be 10 ways to lose money for every one way there is to make it. To complicate things, managing investments is counterintuitive. Research repeatedly shows most people invest when they shouldn’t and don’t invest when they should. According to DALBAR, most do-it-yourself investors drastically underperform market averages.
Bottom line: If you do not have the time, resources and expertise to manage your money, you are walking into a minefield. We have seen countless people lose their entire savings to bad decisions. Whether it’s leveraged real estate, misguided business ventures, poorly rated annuities, poor stock choices, expensive life insurance, loans to relatives, or even offshore investments, the end result is the same: a once-bright future turns bleak.
Our job is to ensure that our clients make smart financial decisions so they can avoid the landmines and live their dreams.
WHY PARAGON?
On the surface, all “financial advisors” look the same. In reality, they vary widely in quality and cost. Who you select will determine your financial success.
There are commission-based sales people, such as stockbrokers, bankers, insurance agents, financial planners, etc. Bigger is not always better. You could choose one of the big brokerage firms, mutual fund companies, or large investment companies. In that case, you will receive “personalized” guidance from one of the nameless, faceless individuals in an office of hundreds of cubicles. It is often a challenge to get through the voicemail system to even talk to someone. If you’re lucky, their office will be based in the United States.
There is a much better way to invest: the Paragon Model. We are truly unique amongst Investment Managers.
We have been guiding investors for 28 years. We have experienced, survived and thrived in some of the most difficult markets in U.S. history — the Crash of 1987, the Asian Crisis of 1998, the Tech Collapse of 2000 and the Market Meltdown of 2008. We’ve only grown stronger in the face of adversity.
WHY WORK WITH A FIDUCIARY
A very small percentage of Financial Advisors are Fiduciaries. Fiduciary Advisors have a legal obligation to act in their client’s best interest — or they can be shut down. Fiduciary Advisors work as your partner, sitting on the same side of the table. They are not sitting across from you selling products. This distinction is crucial.
The terms “Commission Only,” “Fee Based,” and “Fee Only” make it very confusing for investors to understand the difference between advisors. “Commission Only” and “Fee Based” advisors ARE NOT Fiduciaries. Just “Fee Only” advisors are Fiduciaries. Paragon is a Fiduciary and Fee Only advisor.
Minimize your investment costs where possible. Management costs should be reasonable and provide good value. The management fees should be offset by the savings you receive through product expertise, economies of scale, and trading execution.
Our clients pay us only one way. There are no commissions, no front-end fees, no 12-B1 fees and no surrender fees. Our fee is fully transparent. We charge a quarterly management fee for our services. The management fee is initially set up depending on the size and complexity of the account. We provide many other services such as general financial guidance, retirement planning, pension maximization, social security optimization, stock option analysis, estate and business planning. However, we only charge one ongoing quarterly management fee to manage the investments. All other services and advice are included as needed at no extra cost to our clients.
Most clients initially choose Paragon because of our stellar investment performance. As time goes on, they realize our highest value has been protecting them from their investment inexperience. We help them find financial peace. Our clients are our friends. We are their guide. Our money is invested right alongside theirs.
Our mission is your mission. |
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History:
Dave Young, President of Paragon Wealth Management, understands how difficult it can be to find an investment firm. He tried to find one in the mid 1980's, but was unable to find a firm to meet his needs. He wanted to find a company that would invest the money he earned from selling over a dozen businesses he owned. He wasn’t willing to risk his life savings following the traditional buy and hold programs promoted by most investment firms. He wanted to do more with his money.
Dave took the next year off to research various investment and money management strategies. In 1986 he started what is now called Paragon Wealth Management (formerly called The Center for Financial Excellence) and began investing his life savings to test his methods. In the early years of his business he built and test basic quantitative models that determined when to be in or out of the equity markets. He did this through trial and error and extensive research. The models measured, monitored, adjusted and changed the investments as market conditions changed.
At first he managed his own accounts and a few of his friends' and family members'. When he avoided the 1987 stock market crash, his methods sparked a lot of interest and attracted clients. In 1993, Dave registered Paragon with the Securities Exchange Commission, added staff and began attracting new clients with larger portfolios. He built more sophisticated and complex quantitative models to determine when to move between various sectors, styles and markets. Portfolio allocations were based around short-term, intermediate and long-term models.
At the end of 1997, Dave established Paragon's growth portfolio, Top Flight, which incorporated Paragon's most effective models and systems to date. In 2001, he established Paragon's conservative portfolio, Managed Income, designed as a very conservative alternative for clients who wanted limited volatility. Today, Dave continues to research and develop ways to improve his investment methods.
Dave's investment management venture has not only benefited his family and friends, but has also helped many of his clients provide the best for their families. |
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| Toll Free:
+1 800 748 4451 |
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