Firm Info
Firm Size
Services Offered
- Financial Planning
- Portfolio Management for Individuals & Small Businesses
- Portfolio Management for Businesses or Institutional Clients
- Selection of Others Advisors
- Educational Seminars & Workshops
Types of Clients
- Individuals (Not High Net Worth)
-
Individuals High Net Worth
*>=750k in Investable Assets or >=1.5m of Estimated Total Net Worth
- Charitable Organizations
Available Fee Structures
- Percentage of Assets Under Management (AUM)
- Hourly
- Other
Paradigm Wealth Management, LLC Overview
Paradigm Wealth Management, LLC is a fee-only registered investment advisory firm that has been providing investment advice since 2008. Its headquarters are located in Westlake, Ohio. As a fee-only firm, Paradigm Wealth Management earns income through clients' fees only. This means that they do not receive any commissions, kickbacks, or other incentives from selling financial products. Instead, their sole focus is providing objective financial advice to their clients. The firm's services include financial planning, portfolio management for individuals and small businesses, and selection of other advisors. These services are designed to help clients achieve their financial goals more successfully. Paradigm Wealth Management also offers educational seminars and workshops to help clients make more informed financial decisions. They serve a variety of clients, including individual investors, small business owners, and institutional clients. Overall, Paradigm Wealth Management is committed to providing clients with the best possible advice and guidance when it comes to managing their finances. Their team of experienced advisors prioritize providing personalized service, tailored to each client's unique goals and circumstances. Whether a client is looking to build wealth, manage risk, or plan for their future, Paradigm Wealth Management can help.
PARADIGM WEALTH MANAGEMENT, LLC serves a diverse clientele that includes individuals, high net worth individuals, and charitable organizations seeking to maximize their financial goals and portfolios. With a specialization in wealth management services, the firm understands the complex financial needs of its clients and tailors its services to deliver results. Additionally, the firm’s advisors provide comprehensive financial planning, investment management, and retirement planning services to ensure clients achieve their financial objectives. PARADIGM WEALTH MANAGEMENT, LLC offers various fee structures based on the client’s unique needs and preferences. Clients can choose from a percentage of assets under management (AUM) fee, which is calculated as a small percentage of the client’s total investment portfolio managed by the firm. Alternatively, clients can opt for hourly fees, where the firm charges clients based on the actual time spent working on their accounts. Lastly, the firm provides other types of fees, which may be tailored to a client’s specific requirements. These fees are subject to negotiation and typically vary based on the level of service provided. PARADIGM WEALTH MANAGEMENT, LLC is committed to providing cost-effective investment solutions that align with their clients’ needs and gives them peace of mind regarding their financial future.
Typical Clients, Fee Structures & Investment Minimum
According to Paradigm Wealth Management, LLC's Part 2 Brochure, there is no mention of an investment minimum. Therefore, it is unclear what the firm's investment minimum is.
How This Office Can Help Strongsville, OH Residents
Paradigm Wealth Management LLC provides comprehensive financial planning and investment management services to clients in Strongsville, OH. They take the time to build a relationship with their clients and understand their unique financial goals and challenges. Whether someone is planning for retirement, creating a savings plan for their child's education, or navigating a major life transition like divorce or inheriting a large sum of money, Paradigm Wealth Management LLC can help. Strongsville, OH residents may also face challenges related to the local economy and cost of living. They may be seeking ways to invest their money wisely and build wealth for the future, while also managing debt and living expenses. Paradigm Wealth Management LLC can provide guidance on budgeting, debt management, tax planning, and investment strategies tailored to each client's specific needs and goals. Through ongoing financial education and personalized advice, they help their clients make informed decisions and achieve financial stability and success.
Services Offered by Paradigm Wealth Management, 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 Wealth Management, 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.
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.
Unavailable
Subscription (Newsletter or Periodical)
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.
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).
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 Wealth Management, LLC is registered to service clients in the following states:
- Illinois
- Ohio
Disciplinary History
Paradigm Wealth Management, LLC does not have any disclosures. Please visit it's Form ADV for more details.