"We feel privileged to be included in this list," said Dave Young, President of Paragon Wealth Management. "We were happy to see the growth our firm has made since the survey."
(PRWEB) July 20, 2011
Paragon Wealth Management was recognized in Financial Advisor (FA) Magazine’s Registered Investment Advisor (RIA) 2011 rankings this month.
FA Magazine ranked RIAs in the United States by their year end assets, percent in growth in assets in 2009 to 2010, assets per client, percentage growth in assets per client and percentage change in number of clients.
Paragon Wealth Management has grown significantly since the survey. At the time of the survey last December 2010, their assets under management were $70.6 million. Currently, they are close to $96 million.
“We feel privileged to be included in this list,” said Dave Young, President of Paragon Wealth Management. “We were happy to see the growth our firm has made since the survey.”
Paragon was one of three investment firms from Utah included on the list. A large percentage of the firms were from California, New Jersey, Massachusetts and others on the East Coast.
Paragon Wealth Management has focused on perfecting their investment strategies for the past 25 years. Young started what is now called Paragon Wealth Management in 1986 when he sold his 12 franchise businesses and wanted to do more with his money. He spent the next year researching investment methods, and later started The Center for Financial Excellence. The name was changed to Paragon Capital Management and was registered with the Securities Exchange Commission (SEC) in 1993. It has since been changed to Paragon Wealth Management.
Today, Paragon’s wealth managers base their investment decisions off of quantitative models. These models have helped them outperform indexes such as the S&P 500. For example, Paragon’s growth portfolio, Top Flight, generated a total return of 425.58 percent versus 72.43 percent for the S&P 500 from its inception on December 31, 1997 through June 30, 2011. Its compound annual return is 13.17 percent, versus 4.14 percent for the S&P 500 during that same time period (visit paragonwealth.com to see complete track record and full disclosures).
About Paragon Wealth Management
Paragon Wealth Management is a registered investment advisor (RIA) in Utah that actively manages all types of traditional and retirement accounts such as IRA and 401(K) rollovers, and pensions and trusts. Paragon received the Best of State Award in Financial Services in 2008 and in investment advisory services in 2011, was listed on Wealth Manager Magazine's Top Wealth Managers List in the U.S. in 2008, received the Small Business of the Year Award in 2008, and was listed on WealthManagerWeb's Top Wealth Manager's list in 2010. Call 800-748-4451 or visit http://www.paragonwealth.com for more information.
Paragon cannot guarantee the accuracy of information from other sources. Opinions are as of the dates indicated only. This report is not a solicitation for any security. Past performance is not a guarantee of future results. Investments in securities involve the risk of loss. Do not rely upon this information to predict future investment performance or market conditions. This information is not a substitute for consultation with a competent financial, legal, or tax advisor and should only be used in conjunction with his/her advice. Investment performance reflects time-weighted, size-weighted geometric composite returns of actual client accounts and not back tested hypothetical returns or performance. Investment returns are net of all management fees and transaction costs, and reflect the reinvestment of all dividends and distributions. The S&P Index is a market value weighted index comprised of 500 stocks selected for market size, liquidity, and industry group representation. Benchmarks are used for comparative purposes only. The Paragon Top Flight Portfolio is not designed to track the S&P Index and will have results different from the benchmark.