Incasa provides portfolio management for pooled vehicles and portfolio management for institutions.
Incasa reports 9 clients. They include 7 pooled investment vehicles, 1 banking or thrift institution and 1 investment company. Of its assets, 100.0% ($725M across 9 accounts) are managed with discretion. Of its clients, 100% are outside the U.S. It advised 2 clients without assets under management last fiscal year.
| Client type | Clients | Assets |
|---|---|---|
| Banking or thrift institutions | 11% | 24% |
| Investment companies | 11% | 48% |
| Pooled investment vehicles | 78% | 28% |
Client breakdown and activity details
| Client type | Clients | Regulatory AUM | AUM share | Avg. per client |
|---|---|---|---|---|
| Banking or thrift institutions | Fewer than 5 | $175M | 24.2% | $175M |
| Investment companies | 1 | $350M | 48.3% | $350M |
| Pooled investment vehicles | 7 | $200M | 27.6% | $28.6M |
| Total | 9 | $725M | 100% | — |
- Clients
- Fewer than 5
- Regulatory AUM
- $175M
- AUM share
- 24.2%
- Avg. per client
- $175M
- Clients
- 1
- Regulatory AUM
- $350M
- AUM share
- 48.3%
- Avg. per client
- $350M
- Clients
- 7
- Regulatory AUM
- $200M
- AUM share
- 27.6%
- Avg. per client
- $28.6M
Total
- Clients
- 9
- Regulatory AUM
- $725M
- AUM share
- 100%
- Avg. per client
- —
- Clients outside the U.S.
- 100%
- Clients advised without assets under management last fiscal year
- 2
- Private funds advised
- 0
- Financial planning clients last fiscal year
- 0
Incasa is paid through a percentage of assets under management and performance-based fees; its fees and minimums are set out in its brochures on the SEC website.
John Salas owns 75% or more of Incasa. It has 3 employees, 2 of them in advisory roles.
Leadership
- John SalasCCO
Investment adviser representatives
1 representatives listed in the SEC register as of 9 October 2026.
- John Carlos Salas
Staff
- 3 employees
- 2 in advisory functions
- 2 state-registered reps
- Owns 75% or more of Incasa LLC
John Salas
Control person · since January 2015
Incasa’s regulatory assets grew 4.8× from $150M (March 2021) to $725M (March 2026); clients rose from 4 to 9 and employees from 1 to 3.
Figures from each annual filing
| Filed | Regulatory AUM | Clients | Employees | Offices |
|---|---|---|---|---|
| March 2026 | $725M | 9 | 3 | 1 |
| April 2025 | $687M | 7 | 3 | 1 |
| March 2024 | $548M | 7 | 2 | 1 |
| March 2023 | $218M | 4 | 2 | 1 |
| March 2022 | $177M | 2 | 2 | 1 |
| March 2021 | $150M | 4 | 1 | 1 |
Besides its headquarters, Incasa has 0 offices, with 1 listed address in Florida.
Florida · 1 listed address
- 333 Se 2nd Ave, Suite 2000, MiamiHQ
Other business names
Incasa has reported 3 other business names to the SEC.
- Paradigm Aquisitions Group
- Paradigm Investment Management
- Paradigm Partners Capital Management
Contact and registration details
- Legal name
- Incasa LLC
- Headquarters
- 333 Se 2nd Ave, Suite 2000, Miami, FL 33131
- Website
- paradigmpcm.com
- Phone
- 786-871-3411
- SEC file
- 801-80811
- Structure
- Delaware LLC
- Fiscal year end
- December
Incasa uses Interactive Brokers ($12.9M, 72%) and Beta Capital Securities ($5M, 28%) as custodians for its separately managed accounts. Incasa does not have custody of client assets.
- Interactive BrokersInteractive Brokers LLC · Greenwick, CT · $12.9M72%
- Beta Capital SecuritiesBeta Capital Securities LLC · Miami, FL · $5M28%
At year end, Incasa’s separately managed accounts were mostly in funds (60%) and bonds (25%).
What the accounts hold
- Stocks15%
- Funds60%
- Bonds25%
- Investment grade corporate bonds15%
- High-yield corporate bonds10%
How many clients does Incasa have?
Incasa has 9 clients and manages $725 million for them, as of March 2026. They include 7 pooled investment vehicles, 1 banking or thrift institution and 1 investment company.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 31 March 2026
What services does Incasa offer?
Incasa provides portfolio management for pooled vehicles and portfolio management for institutions.
Source: Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file
Which custodians does Incasa use?
Incasa’s separately managed account assets are held at Interactive Brokers LLC (Greenwick, CT), with $12.9M and Beta Capital Securities LLC (Miami, FL), with $5M. Only custodians holding at least a tenth of those assets are named.
Source: Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 31 March 2026
How many financial advisors does Incasa have?
Incasa has 2 investment adviser representatives registered with state securities authorities, out of 3 employees, and 2 perform investment advisory functions. None are registered representatives of a broker-dealer or licensed insurance agents.
Source: Form ADV Part 1A, Items 5.A and 5.B, from the SEC's 2 October 2026 data file
What does Incasa invest in?
At the end of its last fiscal year, Incasa’s separately managed accounts held 60% registered funds (mutual funds, ETFs, BDCs), 15% exchange-traded equities, 15% investment grade corporate bonds and 10% high-yield corporate bonds.
Source: Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file
Who owns Incasa?
Incasa’s direct owner is John Salas (75% or more).
Source: Form ADV Part 1A, Schedules A and B, filed 31 March 2026
How does Incasa get paid?
Incasa is paid through a percentage of assets under management and performance-based fees. Its Form ADV lists no commissions among how it is paid.
Source: Form ADV Part 1A, Item 5.E, from the SEC's 2 October 2026 data file
How do I contact Incasa?
Incasa’s main office is at 333 Se 2nd Ave, Suite 2000, Miami, FL 33131. Its phone number is 786-871-3411. Its website is paradigmpcm.com.