Paragon Capital Management Inc (Provo)

Name: Paragon Capital Management Inc
Address: 3651 North 100 East, Provo, UT, 84604 4557
Telephone: 801-375-2500

Paragon Capital Management Inc is a large advisory firm based in Provo. It manages $100.72 million of regulatory assets for 367 client accounts. It has been registered with the SEC as an adviser since 2001 and has operated in the jurisdictions of California, Louisiana, Texas, and Utah.

Paragon Capital Management provides financial planning services, portfolio management for individuals and small businesses, portfolio management for pooled investment vehicles, portfolio management for businesses and institutional clients, and selection of other advisers. It prepares financial plans for more than 10 clients. On top of advisory services, the firm doesn't engage in other business activities.

Paragon Capital Management: assets under management

The assets under management (AUM) of Paragon Capital Management Inc is $100.72 million. The firm's AUM has grown by 60% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $97.74 million in discretionary accounts and $2.98 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $271.5 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $425.2 thousand.

Paragon Capital Management has custody of $52.15 million in cash and securities for 27 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in investment and business development companies the most. They account for 70% of the total AUM. The second-largest asset type is exchange traded securities, which make up 25% of the firm’s portfolio. Investments in cash and cash equivalents form 5% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Paragon Capital Management Inc for their services and products based on a percentage of assets under management, hourly charges, and performance-based fees. Hourly charges are usually charged for consulting work and special projects. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients David Allen Young serves?

The firm provides services to individuals, high net worth individuals, and pooled investment vehicles. The largest group of clients of David Allen Young is high net worth individuals with 11 clients and $36.5 million of assets under management. Among the 7 most similar advisory firms, Paragon Capital Management has the 4th highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $100.72 million for 141 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. None of the firm’s clients are foreign persons or businesses.

Paragon Capital Management also advises several private funds. Namely, two other private funds. The minimum investment commitment required of non-related persons ranges from $200,000 to $250,000.

Careers at Paragon Capital Management Inc

The company employs 4 people that are either part- or full-time employees. 75 percent of the employees work as investment advisers or researchers. 3 employees are registered as investment adviser representatives with the state securities authorities.

There’s a single person with the role of looking for and bringing in new clients on behalf of the firm. The firm compensates employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.

Paragon Capital Management Inc is owned by Catherine B Young. David Allen Young has been acting as President since 1 Nov 1993. Nathan Dale White has served as the Chief Investment Officer since 1 Sep 2006. Jennifer Lynn Donahoe joined the executive team most recently as the Compliance Officer.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Catherine B Young	Owner	1 Sep 1993	50% - 75%	4343626
David Allen Young	President/owner	1 Nov 1993	75% - 100%	1503747
Melissa Denise Murchison	Director client service	1 Sep 1995	Other	4343646
Jonathan Neil Ferrell	Director of investment research	1 Apr 1999	Other	4335935
Todd C Draney	Managing director	1 Feb 2000	Other	1779079
Xela Michelle Baxter	Compliance officer	1 Feb 2001	Other	4481390
Byron Clyde Edwards	Research analyst/trading assistant	1 Jan 2003	Other	4622857
Jennifer Lynn Donahoe	Compliance officer	1 Sep 2003	Other	4780725
Nathan Dale White	Chief compliance officer/chief investment officer	1 Sep 2006	Other	2786197

Based in Provo

The principal office where Paragon Capital Management Inc performs its advisory services is located at 3651 North 100 East, Provo, UT 84604 4557, which is also the mailing address of the firm. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 801-375-2500 or by fax 801-370-1111. The normal business hours are 9:00 am to 5:00 pm on Monday - Friday. You can find more information about the New York firm at paragonwealth.com/.