Paragon Private Wealth Management provides financial planning, portfolio management for individuals and small businesses, selecting other managers, education planning, estate planning, insurance, philanthropic planning, and tax planning. Financial planning was provided to 101–250 clients last fiscal year.
Paragon Private Wealth Management reports 169 clients. They include 85 high-net-worth individuals, 82 individual clients and 2 state or municipal government entities. Of its assets, 97.0% ($444M across 701 accounts) are managed with discretion; $13.9M across 10 accounts are not. Of its clients, 1% are outside the U.S.
| Client type | Clients | Assets |
|---|---|---|
| Individuals (other than HNW) | 49% | 6% |
| High-net-worth individuals | 50% | 87% |
| State or municipal government entities | 1% | 7% |
Client breakdown and activity details
| Client type | Clients | Regulatory AUM | AUM share | Avg. per client |
|---|---|---|---|---|
| Individuals (other than HNW) | 82 | $28.9M | 6.3% | $353K |
| High-net-worth individuals | 85 | $398M | 87.0% | $4.68M |
| State or municipal government entities | Fewer than 5 | $30.8M | 6.7% | $15.4M |
| Total | 169 | $458M | 100% | — |
- Clients
- 82
- Regulatory AUM
- $28.9M
- AUM share
- 6.3%
- Avg. per client
- $353K
- Clients
- 85
- Regulatory AUM
- $398M
- AUM share
- 87.0%
- Avg. per client
- $4.68M
- Clients
- Fewer than 5
- Regulatory AUM
- $30.8M
- AUM share
- 6.7%
- Avg. per client
- $15.4M
Total
- Clients
- 169
- Regulatory AUM
- $458M
- AUM share
- 100%
- Avg. per client
- —
- Clients outside the U.S.
- 1%
- Clients advised without assets under management last fiscal year
- 0
- Private funds advised
- 0
- Financial planning clients last fiscal year
- 101–250
Paragon Private Wealth Management charges 0.50%–1.50% a year for its Investment Management and Wealth Management. The fee is billed in advance and is negotiable. The brochure also prices one other service, listed under fee details.
Fee details and sources
Other fees
- Financial Planning and Consulting
- Stand-alone financial planning and consulting fees typically range from $500 to $5,000; recurring financial planning starts at $250 a month.
Justin Sherman owns 50% to 75% of Paragon Private Wealth Management. The leadership team of Paragon Private Wealth Management includes Chief Investment Officer Mary Lockwood and Chief Compliance Officer Catherine Salsman. It has 6 employees, 2 of them in advisory roles.
Staff
- 6 employees
- 2 in advisory functions
- 4 state-registered reps
- 2 insurance agents
- Owns 50% to 75% of Paragon Private Wealth Management LLC
Justin Sherman
Control person · since April 2021
- Owns 25% to 50% of Paragon Private Wealth Management LLC
Catherine Salsman
Control person · since April 2021
Paragon Private Wealth Management’s regulatory assets grew 2.9× from $160M (July 2021) to $458M (March 2026); clients rose from 100 to 169 and employees from 3 to 6.
Figures from each annual filing
| Filed | Regulatory AUM | Clients | StaffEmployees | Offices |
|---|---|---|---|---|
| Mar 2026March 2026 | $458M | 169 | 6 | 2 |
| Mar 2025March 2025 | $355M | 160 | 6 | 2 |
| Mar 2024March 2024 | $283M | 153 | 5 | 2 |
| Mar 2023March 2023 | $185M | 113 | 4 | 1 |
| Mar 2022March 2022 | $182M | 91 | 3 | 1 |
| Jul 2021July 2021 | $160M | 100 | 3 | 1 |
Besides its headquarters, Paragon Private Wealth Management has 1 office (1 private residence, listed without an address), with 1 listed address in 1 state.
Kentucky · 1 listed address
- 300 West Vine Street, Suite 2201, LexingtonHQ
Contact and registration details
- Legal name
- Paragon Private Wealth Management LLC
- Headquarters
- 300 West Vine Street, Suite 2201, Lexington, KY 40507
- Website
- paragonmgmt.com
- Phone
- 859-300-3985
- @paragon-mgmt
- SEC file
- 801-120682
- Structure
- Delaware LLC
- Fiscal year end
- December
Paragon Private Wealth Management’s named custodian for separately managed accounts is Charles Schwab ($458M). Paragon Private Wealth Management has custody of $34.5M for 49 clients.
- Charles SchwabCharles Schwab & Co., Inc. · Westlake, TX · $458M100%
At year end, Paragon Private Wealth Management’s separately managed accounts were mostly in stocks (79%). Its reported 13F holdings for the quarter ended 30 June 2026 total $383M across 226 positions; the largest are Nvidia Corporation (4.7%), Apple Inc. (4.5%) and Alphabet Inc. (4.2%).
What the accounts hold
- Stocks79%
- Funds4%
- Bonds3%
- Cash5%
- Other9%
- Fixed income-not classified, fixed income-other,reits, cryptocurrency etf9%
How many clients does Paragon Private Wealth Management have?
Paragon Private Wealth Management has 169 clients and manages $458 million for them, as of March 2026. They include 85 high-net-worth individuals, 82 individual clients and 2 state or municipal government entities.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 19 March 2026
What services does Paragon Private Wealth Management offer?
Paragon Private Wealth Management provides financial planning, portfolio management for individuals and small businesses, selecting other managers, education planning, estate planning, insurance, philanthropic planning, and tax planning.
Source: Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file; Part 2A brochure, Item 4
How much does Paragon Private Wealth Management charge?
Paragon Private Wealth Management charges 0.50%–1.50% a year for its Investment Management and Wealth Management. The fee is billed in advance and is negotiable.
Source: DISCLOSURE BROCHURE FOR PARAGON PRIVATE WEALTH MANAGEMENT, LLC, filed 19 March 2026
Which custodians does Paragon Private Wealth Management use?
Paragon Private Wealth Management’s separately managed account assets are held at Charles Schwab & Co., Inc. (Westlake, TX), with $458M. Only custodians holding at least a tenth of those assets are named.
Source: Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 19 March 2026
How many financial advisors does Paragon Private Wealth Management have?
Paragon Private Wealth Management has 4 investment adviser representatives registered with state securities authorities, out of 6 employees, and 2 perform investment advisory functions. 0 employees are registered representatives of a broker-dealer and 2 employees are 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 Paragon Private Wealth Management invest in?
At the end of its last fiscal year, Paragon Private Wealth Management’s separately managed accounts held 79% exchange-traded equities, 9% other, 5% cash and equivalents, 4% registered funds (mutual funds, ETFs, BDCs) and 3% U.S. government and agency bonds. The 9% other category is described as: Fixed Income-Not Classified, Fixed Income-Other,reits, Cryptocurrency ETF.
Source: Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file
Who owns Paragon Private Wealth Management?
Paragon Private Wealth Management’s direct owners are Justin Sherman (50% to 75%) and Catherine Salsman (25% to 50%).
Source: Form ADV Part 1A, Schedules A and B, filed 19 March 2026
How does Paragon Private Wealth Management get paid?
Paragon Private Wealth Management is paid through a percentage of assets under management and fixed fees. Its Form ADV lists no commissions or performance-based fees 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 Paragon Private Wealth Management?
Paragon Private Wealth Management’s main office is at 300 West Vine Street, Suite 2201, Lexington, KY 40507. Its phone number is 859-300-3985. Its website is paragonmgmt.com.
