Paragon Financial Services

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Client assets under management

$365,449,229

Clients

729

41% high-net worth

Advisors

of 7 employees

Firm type

Supported

1-3 advisors or $200M+ in AUM

Clients per advisor

243

Very High

Average account size

$501,302

About

Paragon Financial Services works with individual clients (including high-net-worth households) as well as pension and profit-sharing plans, trusts, estates, charitable organizations, and business entities. The firm provides portfolio management, financial planning, pension consulting, advisory consulting, and sub-advisory services tailored to each client.

Paragon offers both discretionary and non-discretionary portfolio management and may implement customized or model-based strategies that draw on fundamental and technical analysis as well as tactical, quantitatively informed allocations; portfolios are monitored and rebalanced on an ongoing basis. The firm also coordinates estate planning via Encore Estate Plans and tax preparation/planning through its affiliate Paragon Tax Strategy (with access to CPAs at United Cloud Partners Services), while noting it does not provide legal or tax advice directly.

What is noteworthy about Paragon compared to many peers is its role as a wrap fee program sponsor and its formal affiliation with tax and estate coordination providers, arrangements that are relatively uncommon among similarly supported firms. The brochure also discloses that trades are executed through LPL Financial and that some advisors are dually registered as LPL representatives and licensed insurance agents, relationships the firm identifies as potential conflicts of interest for clients to consider.

Client services

Financial planning Portfolio management Pension consulting

Advisory consulting, sub-advisory services

Expertise

Retirement plans for business owners (SEP, solo 401k) Tax strategies for small businesses General retirement planning Annuities Options & derivatives strategies

Occupation focus

Founder/Business Owner

Fee options

Fixed

$125 to $2,000 flat fee for estate planning coordination services; flat fees for tax preparation and planning through affiliate

Percentage

$25,000 - $499,999: 1.50% $500,000 - $999,999: 1.25% $1,000,000 - $4,999,999: 1.00% $5,000,000 - $9,999,999: 0.80% $10,000,000+: Negotiable

Commissions

Commission-based compensation earned by registered representatives for securities and insurance product sales in addition to advisory fees

Project-based

$350 per hour for financial planning, pension consulting, and advisory consulting services

Other

Account minimum: $25,000 Fee-only: $350 per hour for financial planning, pension consulting, and advisory consulting services

Main office location

Paragon Financial Services

3761 Westerre Parkway, Suite H

Richmond VA 23233, United States

Number of offices

Most active in

Florida · Louisiana · New Jersey · New York · North Carolina · South Carolina · Texas · Virginia

Disclosures

Business activities & affiliations

Is active or affiliated with:

Accountant / CPA / tax prep

They offer tax and accounting services, typically for separate fees.

Is not active or affiliated with:

Insurance agent

They sell insurance products and may earn commissions on those sales.

Broker-dealer / trader

They provide brokerage services and may earn transaction-based compensation in addition to advisory fees.

Bank

They're affiliated with a bank that may offer its own financial products and services.

Trust company

They provide trust and estate administration services, typically for separate fees.

Fund sponsor

They manage or sponsor investment funds and may earn management or performance-based fees if clients invest in them.

Lawyer

They provide legal services, typically billed separately.

Real estate agent

They facilitate real estate transactions and may earn commissions.

Other specialized services

They may provide services such as pension consulting or municipal advisory work, typically for separate fees.

Forms ADV

Form ADV Part 2: Client Brochure Form ADV Part 3: Client Relationship

Quick links

Website 804-673-8888

Advisors at this firm

Amy K

Series 63, Series 65

Richmond, VA

Paragon Financial Services

Amy Kemp is a financial advisor with Paragon Financial Services in Richmond, VA, holding Series 63 and Series 65 licenses and bringing 13 years of industry experience. She previously worked at Dorsey Wright & Associates before joining Paragon Financial Services and LPL Financial, LLC in 2018. Paragon Financial Services serves individual and high-net-worth clients, retirement plans, trusts, and institutions by providing portfolio management, financial planning, pension consulting, sub-advisory services, and estate/tax coordination. The firm employs customized and model portfolios with tactical, quantitatively informed allocation strategies and integrates tax and estate planning services through affiliated partners.

Retirement plans for business owners (SEP, solo 401k) Tax strategies for small businesses General retirement planning Annuities Options & derivatives strategies Founder/Business Owner

Ryan S

CFP®, Series 66

Richmond, VA

Paragon Financial Services

Ryan Smith is a CFP® with 22 years of industry experience. He has been with Paragon Financial Services since 2012 and also maintains an affiliation with LPL Financial LLC dating back to 2010. Smith is involved in multiple investment-related activities through Paragon, including advisory and tax strategy services. Paragon Financial Services serves individual and high-net-worth clients, retirement plans, trusts, and institutions with portfolio management, financial planning, pension consulting, and estate/tax coordination. The firm offers customized and model portfolios with tactical, quantitatively informed allocation strategies and integrates tax and estate services through affiliated providers.

Retirement plans for business owners (SEP, solo 401k) Tax strategies for small businesses General retirement planning Annuities Options & derivatives strategies Founder/Business Owner

Simon W

Series 63, Series 65

Richmond, VA

Paragon Financial Services

Simon Woon is a financial advisor with Paragon Financial Services in Richmond, VA, holding Series 63 and Series 65 licenses and bringing 31 years of industry experience. He has worked at Paragon Financial Services since 2012 and has been affiliated with LPL Financial since 1995. Outside of advisory work, he is involved in selling long-term care and life insurance policies. Paragon Financial Services serves individual and high-net-worth clients, as well as retirement plans, trusts, and institutions, providing portfolio management, financial planning, pension consulting, and estate/tax coordination. The firm uses customized and model portfolios with tactical, quantitatively informed allocation strategies and integrates tax and estate planning services through affiliated partners.

Retirement plans for business owners (SEP, solo 401k) Tax strategies for small businesses General retirement planning Annuities Options & derivatives strategies Founder/Business Owner

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