Paradigm Wealth Advisory is a financial advisor firm that places an emphasis on the retirement planning needs of its clients, though it also provides other forms of financial planning and investment management.
This is is a fee-based financial advisor firm. Its client base consists of mostly individuals and families above and below the high-net-worth threshold. It also serves estates and trusts. Paradigm employs a small group of advisors who oversee hundreds of millions in client assets under management (AUM).
Paradigm Wealth Advisory Background
Paradigm Wealth Advisory is a relatively young firm, as it was formed in 2016. Financial services holding company, Paradigm Wealth Management Holdings, LLC, is the principal owner of the firm. Paradigm Wealth Management Holdings is owned by Paradigm Wealth Advisory’s managing partner and chief compliance officer (CCO), David Provinsal.
The team of advisors at Paradigm includes one chartered financial analyst (CFA).
Paradigm Wealth Advisory Client Types and Minimum Account Sizes
All of Paradigm Wealth Advisory’s AUM comes from the accounts of non-high-net-worth individuals, high-net-worth individuals, families, trusts and estates. On occasion, the firm will work with other charitable organizations and businesses.
Paradigm Wealth Advisory does not institute a minimum account size requirement. The firm explicitly states in its Form ADV, though, that “smaller accounts may be subject to different investment selection and strategies.”
Services Offered by Paradigm Wealth Advisory
Paradigm Wealth Advisory’s top concern is helping its clients plan for retirement. At the start of your advisory relationship, Paradigm will work with you to figure out how much monthly income is necessary to meet your lifestyle needs in retirement. This includes taking a hard look at your prospective guaranteed income (Social Security and pension) and non-guaranteed income (personal savings, hard assets and more).
Paradigm also offers a range of services to meet investment management and financial planning needs, such as:
- Discretionary investment management
- Long-term focus
- Proprietary investment evaluation and selection
- Portfolio monitoring
- Re-allocations and rebalances as needed
- Investment discretion for clients
- Financial planning
- Investment planning and review
- Retirement planning
- Estate planning
- Insurance analysis and planning
- Education savings planning
- Personal savings planning
- Charitable gift planning
- Referrals to third-party financial specialists (accountants, attorneys, etc.)
Paradigm Wealth Advisory Investment Philosophy
The first step at Paradigm Wealth Advisory is building your investor profile. This involves a deep dive on your risk tolerance, personal investment goals, time horizon and any other applicable information. These considerations will inform the strategy used to build your portfolio.
Paradigm Wealth Advisory prefers to invest for the long-term. This affinity explains why the firm usually uses mutual funds and exchange-traded funds (ETFs), with variable annuities, individual equities and fixed-income securities mixed in. Although the firm primarily offers discretionary investment management, it does allow clients to select investments they specifically do not want included in their portfolio.
Fees Under Paradigm Wealth Advisory
Investment advisory clients at Paradigm will pay an annual fee ranging from 0.25% to 1.75% of AUM. Your rate is based on the complexity of your situation and the number of assets you have invested with Paradigm. Under certain circumstances, the firm will include securities transaction fees in its annual fee, which makes such arrangements a wrap fee program. All investment advisory fees are charged quarterly, in advance.
Financial planning clients will abide by either an hourly or fixed fee schedule. Hourly charges range up to $350, while fixed fees are based on a combination of your hourly rate and the number of hours in which your financial plan is expected to take. An estimate of your financial planning fees is calculated prior to the start of any services.
What to Watch Out For
Based on Paradigm Wealth Advisory’s SEC-filed Form ADV, the firm has a clean legal and regulatory record.
As a fee-based firm, certain employees at Paradigm Wealth Advisory earn commissions for the sale of specific securities and insurance products. These individuals are licensed independent insurance professionals and registered representatives of LPL Financial, a securities broker-dealer. Despite this association, the firm is a fiduciary, which means it’s legally bound to act in clients’ best interests.
Opening an Account With Paradigm Wealth Advisory
Call Paradigm Wealth Advisory at (908) 450-7402 to open an account with the firm. If you’re located near its office in Perkasie, Pennsylvania, be sure to instead call (215) 249-1767 instead.
All information is accurate as of the writing of this article.
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