Tag Archives: utah wealth management firm

Paragon Receives It’s 5th NABCAP Award

Posted October 1, 2014 by paragon. tags:Tags: , , , ,

For Immediate Release:

Paragon Receives It’s 5th NABCAP Award.

Paragon Wealth Management, a national leader in the investment and wealth management is honored to have been named a 2014 NABCAP Premier Advisor. This is the 5th year Paragon has named a NABCAP Premier Advisor.

The National Association of Board Certified Advisory Practices or NABCAP annually selects an exclusive group of financial advisors who represent the trusted standard of excellence in the Financial Services Industry.

NABCAP is a nationally-registered 501(c)(3) nonprofit organization, established to serve the needs of the investing public by helping identify top wealth managers. The selection process assesses 20 categories of practice management, which include areas such as experience, credentials, assets under management, fee structure and philosophy among other factors.

“We never consider the NABCAP award to be sure thing” says David Young, CEO and Founder of Paragon Wealth Management.  “We work hard everyday to meet and exceed our clients expectations .”

About Paragon Wealth Management:

Paragon Wealth Management is registered investment advisor (RIA) located in Provo, Utah. Established in 1986 by Dave Young, the company gives investors a smarter way to invest their money, develop sound investment strategies and achieve financial goals. Paragon was created to provide a more active and personalized alternative to the traditional buy, hold and hope approach to wealth management. Today, after over 26 years of refining proprietary quantitative financial models and building a trusted world-class organization, Paragon offers its clients across the U.S. a unique blend of proactive and proven money management techniques, extraordinary personalized service and a proven track record.


The primary focus of the National Association of Board Certified Advisory Practices is to serve the needs of the investing public. Their multi-step verification process utilizes independent resources to objectively account for the accuracy and consistency of advisory practices. Comprehensively evaluating and validating twenty categories within a financial advisory practice distinguishes their process. NABCAP’s methodology is unique in deciphering advisors because it is primarily objective not subjective. The Board’s attention is centered on investor’s financial needs and an advisory practice’s probability to service those needs. Both investors and advisors can now rely on a trusted standard of excellence to help guide them within the Financial Services Industry.

For more information, please visit www.nabcap.org.

Media Contact:
David Kyle
for Paragon Wealth Management

Disclosure: Paragon Wealth Management is a provider of managed portfolios for individuals and institutions. Although the information included in this report has been obtained from sources Paragon believes to be reliable, we do not guarantee its accuracy. All opinions and estimates included in this report constitute the judgment as of the dates indicated and are subject to change without notice. This report is for informational purposes only and is not intended as an offer or solicitation with respect to the purchase or sale of any security. Past performance is not a guarantee of future results.



Are you Happy with Your Financial Adviser?

Posted May 27, 2008 by admin. tags:Tags: , , , ,
Cartoon of a financial loser

Written by Dave Young, President of Paragon Wealth Management

For some reason, it has always been easier to lose money than it is to make it and keep it.

According to the Utah Division of Securities, during 2007 alone, they filed enforcement action on 63 cases. Within those cases, 727 investors lost over 77 million dollars.

Managing your own investments can be done successfully, but it is not easy. First, it requires a commitment of time researching and tracking your investments. Second, it requires discipline to stick with your strategy through challenging times. Third, and most difficult, it requires you to remove emotion from your investment process.

Most successful people recognize the need for a relationship with an accou ntant and lawyer. Many haven’t yet discovered the benefits of working with a financial adviser.

Based on the variety of investment options and the myriad of people that call themselves financial advisers, it is easy to understand why. Often figuring out who to work with is so confusing that people give up and opt to manage their money themselves.

Studies have shown that most investors would be better off with the help of a financial adviser. Unfortunately, finding the “right” adviser is much more difficult than most people realize. Most investors hire someone they “trust”. However, “trust” is very intangible and difficult to quantify. Also, contrary to popular belief, the size of the firm or familiarity of the brand name does not indicate the quality of the advice provided.

Part of the problem is that titles for financial sales reps are completely unregulated. This means that brokers, annuity salesmen and insurance agents are free to call themselves advisers, financial consultants, financial planners or whatever else they prefer.

To make sure you don’t get stuck with a salesperson when you are really looking for an adviser, make sure you ask yourself these five questions.


Fiduciary advisers have a legal obligation to put your interests ahead of their own. Sales reps selling insurance, mutual funds or other financial products are most likely not fiduciaries. A minority of all financial advisers actually meet the fiduciary requirement. Registered Investment Advisers and Investment Adviser Representatives are fiduciaries.


How many years have they been managing money? Markets are difficult to navigate and constantly changing. Ideally, your adviser has experience investing in both good and bad markets. In the final analysis, you are paying an adviser for their experience.

Track Record?

Legitimate advisers will be able to show you a clear report of what they’ve done for their clients over the years. Showing you the track record of a mutual fund, a hypothetical model, or anything else that they have recently started selling does not count. They need to show you their own track record, which would be a composite of the results of their previous clients’ investments. Any adviser who refuses to show you at least a five year track record of their performance should be crosses off your list.

Conflict of Interest?

Many commission based salespeople are honest individuals. However, in the financial services industry, the worse the product the higher the commission. The easiest way to avoid those “bad products” and to eliminate potential conflicts of interest is to avoid salespeople who receive commissions. By working only with advisers who are paid through management fees and not commissions you can make sure their interests are aligned with yours.

Surrender Charge?

If there is a surrender charge then that means there was a commission. If there is a commission then you are not dealing with a fiduciary adviser. You should be free to move your money out of an investment if you are dissatisfied. This means you should never own a product with a surrender charge.

As I mentioned at the beginning…

It has always been easier to lose money than it is to make. Implementing these tips will help you keep your money and find a great adviser.

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