Paragon Outcomes Management LLC (New York)

Name: Paragon Outcomes Management LLC
Address: 515 Madison Avenue, New York, NY, 10022
Telephone: 646-619-8700

Paragon Outcomes Management LLC is a large advisory firm based in New York. It manages $651.24 million of regulatory assets for 11 client accounts. It has been registered with the SEC as an adviser since 2012.

Paragon Outcomes Management provides portfolio management for individuals and small businesses and portfolio management for pooled investment vehicles. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Paragon Outcomes Management: assets under management

The assets under management (AUM) of Paragon Outcomes Management LLC is $651.24 million. The firm's AUM has grown by 48% since the beginning of its operation, and $396.5 million of the total AUM is attributable to clients outside of the United States.

The firm manages $641.44 million in discretionary accounts and $9.8 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $71.27 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $4.9 million.

Investments

The firm invests in other assets the most. They account for 93% of the total AUM. The second-largest asset type is pooled investment vehicles, which make up 7% of the firm’s portfolio.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Paragon Outcomes Management LLC for their services and products based on a percentage of assets under management and performance-based fees. The adviser charges an additional fee when a set benchmark is outperformed. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Paragon Outcomes Management serves?

The only and largest group of clients of Paragon Outcomes Management is pooled investment vehicles with 7 clients and $575.15 million of assets under management. Among the 10 most similar advisory firms, Paragon Outcomes Management has the 2nd highest percentage of pooled investment vehicles out of all clients.

The amount of regulatory assets under management is $575.15 million for 7 clients. 73% of the firm’s clients are foreign persons or businesses.

Paragon Outcomes Management also advises several private funds. Namely, five private equity funds. The minimum investment commitment required of non-related persons is $25,000,000 for each fund.

Careers at Paragon Outcomes Management LLC

The company employs 11 people that are either part- or full-time employees. 100 percent of the employees work as investment advisers or researchers. No employees are registered as investment adviser representatives with the state securities authorities.

There isn’t anyone with the role of looking for and bringing in new clients on behalf of the firm. The firm doesn’t compensate employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.

Steven Thomas Ruggeri joined the executive team most recently as the Chief Financial Officer And Chief Compliance Officer.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Eric Wolf	Managing member	1 Jan 2010	25% - 50%	6017325
Frank Tripoli	Chief executive officer	1 Jun 2011	50% - 75%	6017316
Frank Nmn Tripoli	Chief executive officer of registrant	1 Jun 2011	75% - 100%	6017316
Gaurang Yogesh Vyas	Member	1 Jun 2011	Other	4244148
Karim Amirali Rehmat	Chief financial officer/chief compliance officer	1 Nov 2011	Other	4940456
Paragon Outcomes Management Llc	Owner and managing member of relying adviser	1 Dec 2012	75% - 100%	27-4407873
Michael Francis Lynch	Chief operating officer	1 Nov 2013	Other	6308345
Frank Nmn Tripoli	Chief investment officer, managing partner	1 Jan 2018	75% - 100%	6017316
Steven Thomas Ruggeri	Chief financial officer and chief compliance officer	1 May 2019	Other	4973732

Indirect Owners

The SEC currently registers 1 indirect owner.

Name	Entity	Date acquired	Ownership	Employer ID
Eric Nmn Wolf	Managing member	1 Jan 2010	25% - 50%	6017325

Based in New York

The principal office where Paragon Outcomes Management LLC performs its advisory services is located at 515 Madison Avenue, New York, NY 10022, 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 646-619-8700 or by fax 646-747-8887. The normal business hours are 9am-6pm on Monday - Friday. You can find more information about the New York firm at paragonoutcomes.com.