“It is a privilege to receive this recognition,” said Nathan White, Paragon’s chief investment officer. “I have over 15 years of experience in the investment services industry, and I am impressed with Paragon’s investment strategies."
Provo, UT (PRWEB) May 24, 2012
Paragon Wealth Management received a medal at the 2012 Best of State Awards at the Salt Palace Convention Center in Salt Lake City on May 22.
Best of State seeks to recognize the people, organizations, and businesses that are achieving, innovating, and improving the quality of life in Utah. The Best of State judging criteria is specifically designed to consider factors that don’t necessarily show up on the income statement. Fifty percent of the possible points are for the overall achievement and excellence in service, products, or performance – including financial performance where applicable. Another 30 percent is for innovation, creativity and differentiation, and the remaining 20 percent is for contributions that make Utah a better place to live. In every category, there are numerous ways to show that a nominee measured up to the Best of State motto, “Excelling and Surpassing All Else.”
Utah’s Best of State presented awards in 10 main categories. Paragon Wealth Management was recognized in the Business Services category. They won the Best of State Medal for the investment advisory services subcategory.
Paragon has won the Best of State medal three times. Paragon received the Best of State medal in 2008 for financial Services and in 2011 for investment advisory services.
“We are honored to receive this award,” said Dave Young, Paragon’s president and founder. “It is a privilege to be recognized by the Best of State.”
The winners of the 2012 Best of State Awards were rated and judged on their impact on the community, excellence and achievement, and innovation and originality. The Best of State judges are selected based on their expertise and credibility in their particular fields. Their names are kept confidential.
“It is a privilege to receive this recognition,” said Nathan White, Paragon’s chief investment officer. “I have over 15 years of experience in the investment services industry, and I am impressed with Paragon’s investment strategies and overall business structure.”
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.
Paragon’s growth portfolio, Top Flight, generated a total return of 418.55 percent versus 86.96 percent for the S&P 500 from its inception on December 31, 1997 through third quarter 2012. Its compound annual return is 12.32 percent, versus 4.52 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 wealth management firm in Provo, Utah that actively manages all types of traditional and retirement accounts such as IRA and 401(K) rollovers, and pensions and trusts. Paragon’s wealth managers are not paid on commissions and clients are not charged a surrender fee. 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.