Firm Info
Firm Size
Services Offered
- Financial Planning
- Portfolio Management for Individuals & Small Businesses
- Pension Consulting Services
- Selection of Others Advisors
Types of Clients
- Individuals (Not High Net Worth)
-
Individuals High Net Worth
*>=750k in Investable Assets or >=1.5m of Estimated Total Net Worth
- Pension & Profit Sharing Plans
Available Fee Structures
- Percentage of Assets Under Management (AUM)
- Hourly
- Fixed Fees (Other than subscription)
Paradigm Financial Partners, LLC Overview
Paradigm Financial Partners, LLC is a registered investment advisory firm that has been providing investment advice to individuals and small businesses since 2018. Located in Westport, CT, the firm offers a fee-only fee arrangement, ensuring that clients receive advice that is completely unbiased. The firm offers a range of services, including financial planning, portfolio management for individuals and small businesses, pension consulting services, and selection of other advisors. The team at Paradigm Financial Partners is dedicated to helping clients achieve their financial goals with a personalized approach that takes their unique needs and objectives into account. With its commitment to providing transparent and objective advice, Paradigm Financial Partners is a trusted partner for clients looking to build and manage their investments. Whether clients are planning for retirement, saving for their children's education, or seeking to grow their wealth, the firm's experienced team can help them navigate the complex world of investments and achieve their financial goals.
PARADIGM FINANCIAL PARTNERS, LLC is a dynamic financial firm that caters to a diverse range of clients. The firm's clientele includes individuals who require assistance in managing their personal finances, as well as high net worth individuals who possess substantial assets and require more complex financial management strategies. PARADIGM FINANCIAL PARTNERS, LLC also serves pension or profit sharing plans, providing comprehensive consulting services that help optimize investment performance. With an unwavering commitment towards client satisfaction, PARADIGM FINANCIAL PARTNERS, LLC provides tailored solutions to address the unique financial needs of every client. PARADIGM FINANCIAL PARTNERS, LLC offers varying fee structures to accommodate the differing needs of its clients. Clients who opt for investment management services based on a percentage of their assets under management (AUM) can ensure that their fees are aligned with their investment performance. For clients who require more in-depth financial analysis and consulting services, PARADIGM FINANCIAL PARTNERS, LLC offers an hourly fee structure, allowing clients to control the amount of time and resources allocated to their financial needs. Lastly, for clients seeking specific financial services, PARADIGM FINANCIAL PARTNERS, LLC also offers fixed fees, providing an agreed-upon price for a specific financial project or service. Each fee structure is designed to suit different financial needs, making PARADIGM FINANCIAL PARTNERS, LLC a versatile financial firm that can cater to the specific needs of its clients.
Typical Clients, Fee Structures & Investment Minimum
According to the Part 2 Brochure of Paradigm Financial Partners, LLC, their investment minimums are not mentioned.
How This Office Can Help Westport, CT Residents
Paradigm Financial Partners is a financial advisory firm that offers bespoke solutions to clients in Westport, CT. The firm helps clients with various financial situations, including planning for retirement, managing wealth, and setting up trusts. They also assist clients in navigating complex tax laws and regulations to ensure that they are maximizing their returns. With their expertise in estate planning, Paradigm Financial Partners helps families in Westport, CT with wealth transfer strategies and minimizing estate taxes. Living in Westport, CT presents unique financial challenges as it is considered one of the wealthiest towns in the United States. Many residents own multiple properties and have complex investment portfolios. Paradigm Financial Partners helps clients in Westport, CT navigate this complex financial landscape by offering personalized and tailored advice to meet their specific needs. Additionally, as many individuals in Westport, CT are self-employed or own small businesses, the firm provides support in areas such as financial statements, cash flow management, and business succession planning. Overall, Paradigm Financial Partners provides comprehensive and holistic financial solutions to clients in Westport, CT to ensure their financial well-being.
Services Offered by Paradigm Financial Partners, LLC
Core Advisor Services
Financial Planning
Financial planning services encompass the process of devising strategies for your future financial well-being, including preparing for events such as retirement, funding your child's college education, or planning for the transfer of assets.
Portfolio Management for Individuals & Small Businesses
Portfolio management entails the careful selection and strategic management of investment combinations tailored to meet the needs of individuals and small businesses.
Market Timing Services
Market timing services involve the endeavor to generate short-term profits from investments by capitalizing on opportunities to buy at low prices and sell at high prices.
Other Services
Selection of Other Advisors
The firm provides support in selecting and engaging other advisors who possess specialized expertise to complement your financial needs.
Publication of Periodicals or Newsletters
The firm engages in the dissemination of diverse financial educational materials through the publication of periodicals.
Educational Seminars & Workshops
The firm organizes and conducts seminars or workshops aimed at enlightening investors on various financial concepts.
Fee Structures
Financial advisory fees usually are based on the services provided. Fee types charged by Paradigm Financial Partners, LLC most likely consist of the following fee types: asset-based, hourly or fixed. Wrap fee programs, or the practice of bundling services for a single fee, are not offered by the firm.
Available
Percentage of Assets Under Management (AUM)
This fee structure charges a percentage of the assets under management by the firm. Fee structures are often tiered based on the amount of assets managed, with higher AUM often charged a lower rate.
Between 0.50% and 2.00% of assets under management (annually), often lower for a robo advisor. Fees are typically charged quarterly by the firm and will show on your investment statement. View typical advisor costs here.
~96% of registered firms offer this fee structure.
If you have $1 million managed by a firm at a 1% management fee, you would be charged $10,000/year to manage your assets (or $2,500 per quarter). This would be automatically deducted from your investment portfolio.
Hourly
Similar to an attorney, a financial consultant might charge fees based on hourly rates. This fee structure can be advantageous when seeking specific or ad hoc advice.
Charges generally span from $150 to $400 per hour, depending on the extent of the services required.
~33% of registered firms offer this fee structure.
If you needed hourly consulting to sell a business or transfer your estate to your children but did not want your assets managed by a firm, you could consult a firm at an hourly rate to answer any questions you may have.
Fixed Fees (Other than subscription)
Fixed fees are a one-time, lump-sum payment rendered for a specific service, such as creating a financial plan without ongoing management or implementation. This option is beneficial if you solely require guidance for a particular objective rather than a long-term consultancy or asset management.
Fixed fees for creating a financial plan often range from $1,000 to $3,000.
~49% of registered firms offer this fee structure.
If you did not want a firm to manage your assets but needed to create a retirement plan, life transition plan such as divorce or loss of a spouse, estate transition plan, business financial plan, or any other financial planning, you could consult with an RIA firm to help you with the creation of that plan.
Unavailable
Subscription (Newsletter or Periodical)
Commissions
Occasionally, advisors are compensated through commissions by selling certain financial products, such as mutual funds or life insurance policies, or as a broker-dealer by facilitating the buying and selling of securities. Advisors who receive commissions may be incentivized to make specific suggestions to clients in order to secure a commission. Advisors who operate on a fee-only basis do not earn commissions, whereas fee-based advisors may do so.
Often 3% - 6% of the value of the security.
Only ~3% of registered firms say they offer this fee structure, but other advisors may receive “soft dollars”. Many mutual funds charge 12b-1 fees to cover the promoting and selling of the fund’s shares. While your advisor does not charge these fees, they may receive a kickback for recommending the investment.
An advisor selling their client on a life insurance policy and receiving a commission on the sale of that policy, or recommending a specific investment and receiving a kickback for that recommendation.
Performance-based Fees
Advisors typically obtain performance-based fees if a portfolio surpasses a predefined benchmark. This fee is determined through various methods, but is most commonly assessed as a percentage of investment gains. Performance-based fees may incentivize advisors to undertake riskier decisions in pursuit of generating higher returns.
“Two and Twenty” is common among hedge funds with a 2% management fee and a 20% incentive fee above the “hurdle rate,” or performance threshold the fund is compared against.
32% of registered firms offer this fee structure.
A hedge fund earns a 15% return with a 20% performance fee in above the performance of the S&P 500, which grew 7% that same year.
20% of fund growth in excess of S&P 500’s 7% growth for that year = 15% hedge fund growth - 7% S&P 500 growth = 8% difference x 20% = 2% performance fee (in addition to the management fee).
Other
Firms occasionally offer unconventional fee structures when charging clients. For more detailed information about a firm’s specific fee structures, please refer to their Form ADV and Part 2 Brochure.
Types of Clients
*The Securities & Exchange Commission defines someone as “high net worth” if they have $750,000 or more in investable assets or $1.5M of estimated total net worth.
This Office Location
Other Office Locations
Firm Headquarters
This firm has no other locations.
State Registrations
Paradigm Financial Partners, LLC is registered to service clients in the following states:
- California
- Connecticut
- Florida
- Louisiana
- Massachusetts
- New Jersey
- New York
- Ohio
- South Carolina
- Texas
Disciplinary History
Paradigm Financial Partners, LLC does not have any disclosures. Please visit it's Form ADV for more details.