{"url":"https://nivawealth.com/firms/incasa-174058","iapdUrl":"https://adviserinfo.sec.gov/firm/summary/174058","regulatoryAum":725207032,"crd":"174058","adviserRoster":{"asOf":"2026-10-09","items":[{"crd":"2805792","suffix":null,"lastName":"SALAS","firstName":"JOHN","middleName":"CARLOS"}],"total":1,"loadedAt":"2026-10-10T00:20:19.761928+00:00","sourceUrl":"https://reports.adviserinfo.sec.gov/reports/CompilationReports/IA_INDVL_Feed_10_09_2026.xml.zip"},"history":[{"filedOn":"2021-03-31","regulatoryAum":150000000,"clients":4,"employees":1,"offices":1},{"filedOn":"2022-03-31","regulatoryAum":177470172,"clients":2,"employees":2,"offices":1},{"filedOn":"2023-03-29","regulatoryAum":217982939,"clients":4,"employees":2,"offices":1},{"filedOn":"2024-03-29","regulatoryAum":547982400,"clients":7,"employees":2,"offices":1},{"filedOn":"2025-04-02","regulatoryAum":687300503,"clients":7,"employees":3,"offices":1},{"filedOn":"2026-03-31","regulatoryAum":725207032,"clients":9,"employees":3,"offices":1}],"secFileNumber":"801-80811","legalName":"Incasa LLC","displayName":"Incasa","slug":"incasa-174058","website":"https://paradigmpcm.com/","classification":{"segment":"registered_funds","segmentLabel":"Fund management","type":"fund_manager","typeLabel":"Mutual funds & ETFs","feeDisclosure":"payment_only"},"founded":null,"organization":"Delaware limited liability company","fiscalYearEnd":"December","headquarters":{"street":"333 Se 2nd Ave, Suite 2000","city":"Miami","state":"FL","stateName":"Florida","country":"United States","postalCode":"33131"},"tradeNames":["Paradigm Aquisitions Group","Paradigm Investment Management","Paradigm Partners Capital Management"],"registration":{"secApproved":"8 January 2015","noticeFilings":null,"latestNoticeFiling":null},"wealthAumPerClient":null,"staff":{"employees":3,"advisory":2,"brokerDealerReps":0,"insuranceAgents":0,"promoters":0},"aum":{"regulatory":725207032,"discretionary":725207032,"discretionaryAccounts":9,"nonDiscretionary":0,"nonDiscretionaryAccounts":0,"wrapProgram":null,"nonUsClientsPct":100,"nonAumClients":2},"clientTypes":[{"label":"Banking or thrift institutions","clients":1,"fewerThan5":true,"regulatoryAum":175207032},{"label":"Investment companies","clients":1,"regulatoryAum":350000000},{"label":"Pooled investment vehicles","clients":7,"regulatoryAum":200000000}],"feePrograms":[],"brochureCoverage":{"scope":"known_documents","status":"not_processed","checkedAt":null,"documents":[]},"custodians":[{"name":"Interactive Brokers LLC","shortName":"Interactive Brokers","location":"Greenwick, CT","smaAssets":12882942},{"name":"Beta Capital Securities LLC","shortName":"Beta Capital Securities","location":"Miami, FL","smaAssets":5000000}],"custodyNote":"Incasa does not have custody of client assets.","otherCustodians":[],"leadership":[{"name":"John Salas","title":"CCO","crd":"2805792"}],"ownership":[{"label":"John Salas","detail":"Cco in the 75% or more ownership band and a control person, since January 2015. Also a owner of John Salas in the 75% or more band and a control person, since January 2007."}],"branchOffices":null,"filedOffices":{"otherThanPrincipal":0,"privateResidences":0},"listedOfficeAddresses":1,"foreignOffices":[],"officesByState":[{"state":"Florida","offices":1,"addresses":[{"street":"333 Se 2nd Ave, Suite 2000","city":"Miami","headquarters":true}]}],"advFacts":{"source":{"file":"ia100226.zip","asOf":"2 October 2026"},"telephone":"786-871-3411","stateRegisteredReps":2,"otherAdviserReps":0,"compensation":["A percentage of assets under management","Performance-based fees"],"activities":["Portfolio management for pooled investment vehicles (other than investment companies)","Portfolio management for businesses (other than small businesses) or institutional clients"],"financialPlanningClients":"0","assetMix":[{"label":"Exchange-traded equity securities","percent":15},{"label":"Investment grade corporate bonds","percent":15},{"label":"Non-investment grade corporate bonds","percent":10},{"label":"Securities issued by registered investment companies or business development companies","percent":60}],"privateFunds":0},"sources":{"adv1FilingDate":"31 March 2026","adv1Url":"https://reports.adviserinfo.sec.gov/reports/ADV/174058/PDF/174058.pdf","brochureDate":null,"brochureUrl":null,"iapdCompiledDate":null,"retrievedDate":"15 October 2026","retrievedOn":"2026-10-15","updatedOn":"2026-10-21","holdingsUpdatedOn":"2026-10-21","adv1Pages":{},"brochurePages":{}},"otherBusiness":[],"faq":[{"question":"How many clients does Incasa have?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"What services does Incasa offer?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"Which custodians does Incasa use?","answer":"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","sourceRef":{"doc":"adv1","section":"custodians"}},{"question":"How many financial advisors does Incasa have?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"What does Incasa invest in?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"Who owns Incasa?","answer":"Incasa’s direct owner is John Salas (75% or more).","source":"Form ADV Part 1A, Schedules A and B, filed 31 March 2026","sourceRef":{"doc":"adv1","section":"scheduleA"}},{"question":"How does Incasa get paid?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"How do I contact Incasa?","answer":"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.","source":"Form ADV Part 1A, Item 1.F, filed 31 March 2026","sourceRef":{"doc":"adv1","section":"offices"}}],"holdings":null,"notice":"Compiled from public SEC Form ADV filings on the dates in `sources`. Facts as filed; not a rating, ranking, or recommendation. Niva is not affiliated with this firm. Disciplinary history is deliberately not included here or on the page; the SEC publishes the complete record at the `iapdUrl` above."}