PARAGON FINANCIAL SERVICES
Adviser information for PARAGON FINANCIAL SERVICES last updated from Form ADV on March 26th, 2024. Select data displayed; additional Form ADV, Form D, Form 13F and other data is available from the Fincoded API.
Advisory Business
| Type of Organization | Corporation |
|---|---|
| Fiscal Year End | DECEMBER |
| Legal Location | Virginia, United States |
Employees
| Total Number of Employees | 4 |
|---|---|
| Investment Advisory/Research | 4 |
| Registered Broker-Dealer Representatives | 4 |
| Registered State Investment Advisers | 4 |
| Licensed Agents of an Insurance Company | 3 |
| No. of Firms/People that Solicit Clients | 0 |
RAUM
| Provides Management of Securities Portfolios | Yes |
|---|
| Type | Accounts | RAUM |
|---|---|---|
| Discretionary | 1,239 | $280.9M |
| Non-Discretionary | 0 | $0 |
| Total | 1,239 | $280.9M |
Clients
| Type | Number | RAUM |
|---|---|---|
| Individuals | 465 | $92.3M |
| HNW Individuals | 224 | $171.9M |
| Banking or thrift institutions | 0 | $0 |
| Investment companies | 0 | $0 |
| Business development companies | 0 | $0 |
| Pooled investment vehicles | 0 | $0 |
| Pension and profit sharing plans | <5 | $320,197 |
| Charitable organizations | 6 | $3.8M |
| State or municipal gov entities | 0 | $0 |
| Other investment advisers | 0 | $0 |
| Insurance companies | 0 | $0 |
| Sovereign wealth funds and foreign official institutions | 0 | $0 |
| Corporations or other businesses | <5 | $12.5M |
| Other | 0 | $0 |
| Type | Number |
|---|---|
| No. of Non-RAUM Clients | 0 |
| No. of Non-U.S. Clients | 0 |
| No. of Financial Planning Clients | 1-10 |
Services
| Advisory Services | Financial planningPortfolio management for individuals and/or small businessesPension consulting servicesADVISORY CONSULTING, SUB-ADVISORY SERVICES |
|---|---|
| Compensation | % of AUMHourly chargesFixed fees |
Wrap Fee Program
| Offers Wrap Fee Program | Yes |
|---|
| Acting As | RAUM |
|---|---|
| Sponsor | 0 |
| Portfolio Manager | 0 |
| Both for Same | 247.3M |
| Portfolio Manager to Program | Sponsor |
|---|---|
| STRATEGIC WEALTH MANAGEMENT WRAP FEE PROGRAM | PARAGON FINANCIAL SERVICES |
Identifiers
| SEC RIA File Number | 801-117764 |
|---|---|
| SEC ERA File Number | 801-117764 |
| SEC CIK Numbers | None |
| SEC CRD Numbers | 164832 |
| Legal Entity Identifier | None |
Principal Office
3761 WESTERRE PARKWAYSUITE H
RICHMOND
VA
United States
Monday - Friday, 8 AM TO 5 PM
Tel: 804-673-8888, Fax: 804-673-1009
Chief Compliance Officer
SIMON WOON
BRANCH MANAGER
3761 WESTERRE PARKWAY
SUITE H
RICHMOND
VA
United States
Tel:
804-673-8888
Fax:
804-673-1009
S*********@******M
(Full email address available in API data)
Regulatory Contact
RYAN M. SMITH
FINANCIAL ADVISOR
3761 WESTERRE PARKWAY
SUITE H
RICHMOND
VA
United States
Tel:
804-673-8888
Fax:
804-673-1009
R**********@******M
(Full email address available in API data)
Industry Affiliates
| PARAGON TAX STRATEGY | Accountant or accounting firm |
Private Funds
| Name | Type | Assets $USD | Min Investment $USD | No. Owners |
|---|
None
Control Persons
| Name | Type | Entity | Title | Since | Ownership |
|---|---|---|---|---|---|
| WOON, SIMON, VAY | Individual | – | CHIEF COMPLIANCE OFFICER AND PRESIDENT | 11/2015 | > 75% |
| WOON, VICKIE, NMN | Individual | – | SHAREHOLDER | 07/2012 | 10-25% |