Step One: Transfer Your Investment Accounts to Charles Schwab
This step is optional but recommended to get the full benefits.
Moving your investment accounts to Charles Schwab is required if you are looking to invest in our private equity and private credit funds. We recommend you open new accounts and transfer all of your IRAs, Roths, brokerage accounts, SEPs, annuities, savings, trust, and other investment accounts that are not 401(k)s at your current employer, to Schwab. We recommend you consider rolling over old 401(k)s at former employers to an IRA at Schwab. We can help you understand the pros & cons of doing so. Over 90% of our client's assets are held at Charles Schwab brokerage.
(Again: this step is optional, but highly recommended).
Step Two: Choose Which Assets Paragon Will Manage
We work with clients primarily in two different ways:
- Full Portfolio: We handle everything for you. This option is perfect for doctors, lawyers, business owners, and other busy professionals who prefer to be hands-off. Your Paragon Advisor will build and manage a custom portfolio of investments for you, after seeking your input and direction. We'll make recommendations and place trades for you, according to your objectives, risk tolerance, and directives. This option is ideal for clients who want the full suite of services that Paragon offers.
- Partial Portfolio: We only manage the Private Equity and/or Private Credit investments for you. This option is great for clients who already have another advisor, or who prefer to manage their own stock portfolio. We work with many clients in both situations. Paragon will select and manage Private Equity and Private Credit investments for you, while letting you or another advisor handle the stocks, bonds, and traditional assets portion of the portfolio.
Paragon Model Portfolio
Paragon Investing
Our Onboarding Process
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01
Determine Objectives
Meet with your advisor to have an in-depth discussion on your long-term financial goals, short-term needs, current income, tax bracket, expected retirement date(s), planned expenses, and desire for gifting.
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02
Assess Risk Tolerances
Next your advisor will ask you questions about various market scenarios: potential losses, max drawdown, bear markets, to assess your risk tolerance, keeping in mind your overall timeline and objectives.
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03
Design Portfolio
After considering your risk tolerance, goals, and timeline, your advisor will recommend a target portfolio for you to maximize returns while meeting all other objectives: risk, max drawdown, income, stability, and other targets.
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04
Implementation Plan
Now your Paragon Advisor will work with you to transfer your existing investment accounts to Charles Schwab. He/she will help you determine which funds to buy and sell, while keeping in mind any tax consequences.
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05
Periodic Reviews
Access daily reports of portfolio performance, across all your accounts, broken down by account, asset class, and investment. All of this in one place - your Paragon Client Portal. Your advisor will send you a quarterly newsletter with performance breakdown, market updates, and new recommendations.
Step Three: Onboarding —
Review Your Risk Tolerance & Objectives with Your Advisor
Meet with your advisor to discuss your family's financial goals, objectives, timeline, liquidity needs, life insurance, income, major expenditures, college, retirement, and your risk tolerance. Your advisor may have you answer questions about possible scenarios to better understand your stomach for risk, desire for stability, and potential behavioral finance biases.
Step Four: Implement Your Investment Plan
Once assets have been received at Schwab, your Paragon advisor will execute the investment plan that was developed for you. He/she will sell any income assets as needed and buy new funds to rebalance your portfolio as designed.
- Meet with your advisor once a year to discuss any changes to your financial situation, goals, and risk tolerance. Make adjustments to your plan.
- Read our Paragon newsletter quarterly including fund performance analysis, commentary from our CIO, macro economy updates, and stock market & economic outlooks.
- Receive new recommendations monthly including model portfolio updates, changes to asset allocation, new fund recommendations, and proposed trades. Your investment advisor will guide you through the pros/cons for your specific portfolio to capitalize on Paragon’s tactical recommendations.
- Monitor performance on-demand across all your accounts via the Orion Advizr portal and the Paragon mobile app. Updated daily.
- Access your dedicated advisor 24/7 by phone or email to ask questions, get advice, address concerns, and more.
All investing involves risk, including the possible loss of money you invest, and past performance does not guarantee future performance. Historical returns, expected returns, and probability projections are provided for informational and illustrative purposes, and may not reflect actual future performance. Please see our Full Disclosure for important details.
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