PARAGON WEALTH MANAGEMENT

Thesis

Services extend to tax, retirement, business, employee benefits, and insurance. Geographically, they have a strong presence across various US states including PA, DE, MA, FL, KY, UT, IL, AL, and GA. Their investment approach is largely goals-based, creating customized strategies aligned with client risk tolerance and objectives, often leveraging a diverse asset mix. Some firms act as capital allocators, placing capital with external managers. While specific stage preferences and instruments aren't detailed for all, the focus is on managing existing wealth and future planning, not early-stage VC. AUM varies significantly, with some entities managing billions. For instance, Paragon Private Wealth Management LLC (Lexington, KY) has AUM of $458M and $181.8M; Paragon Wealth Management (Provo, UT) has $153M; Paragon Wealth Management (Jacksonville, FL) has $495M; Paragon Wealth Management (Atlanta, GA) has $1.7B; and Paragon HM Wealth Management Group (Birmingham, AL) has $2.2B in team assets. While typical check sizes aren't explicit, the client focus suggests larger investments, with Provo, UT noting an average client investment of $800K and Birmingham, AL having a minimum account size of $2M. Legal structures and founding dates vary, with some entities registered as early as 1993 and others as recently as 2023.