Paramount Investments, LLC ("Paramount") was built on a foundation of Ethics, Analytics, Rigor, and Tenacity. Paramount’s investment strategies do not fall into fixed style classifications. Rather, each client’s portfolio is custom tailored to specific investment objectives and risk considerations. All portfolios are constructed with prevailing long-term trends in mind. Short-term trends and strategies will not be employed unless necessary in accordance with client mandates. If the client’s needs meet the criteria, Paramount prefers to invest in excellent companies at a fair price.
We believe that companies bought at a reasonable price and demonstrate high consistent returns on capital will outperform the general market in the long-term. The view we take on the “stock market” is to use it as an auction mechanism to purchase great companies at fair prices, instead of concerning ourselves and the client with daily, monthly, or even yearly volatility of such a mechanism. Paramount prefers to only invest in the best companies, on a well-diversified long-term basis, if the client’s circumstances and their Investment Policy Statement allow for it. Our direct company investment approach will allow our clients to save on unnecessary fees short-term and, substantially, long-term.
We will be candid in our investment approach and techniques with the client which will emphasize the pros and cons for each investment and execution. We owe the client no less and believe candor is the best approach to a long lasting client/advisor relationship.
In addition, Paramount believes that clients relying on income and wealth preservation will benefit from having a portfolio of holdings invested in a variety of asset classes. To the extent that these asset classes are non-correlated, the portfolio will experience investment returns with mitigated risk.
We generally do not maintain any fixed portfolios or strategies. Rather, each client situation is assessed on an individual basis, and the appropriate investment program is implemented that best meets client needs. It is possible for Paramount to manage a certain portion of a client’s investments for a specific asset class, sector, or strategy pursuant to their overall investment goals.
Furthermore, we will not pursue strategies that are highly speculative in nature.
We value our position as a fee-based advisor. This allows us to avoid certain conflicts of interest as we do not sell securities nor do we receive any brokerage commissions. As we also value the independence Paramount provides, we use an independent custodian to hold your assets as well. A majority of our business is with Charles Schwab & Co., Inc. as they provide custodial services along with other tremendous resources.
You may select Charles Schwab & Co., Inc. or another brokerage firm to custody your assets and effect transactions on your account. Having Schwab act as custodian for client assets provides us access to a wide range of services that help us serve our clients.
By using Schwab as primary custodian, Paramount has access to a wide range of products and services that help us serve our clients, including:
- Full range of investment products and trading services
-Technology and service support
-Wide array of investment account types including retirement accounts, charitable giving, and education accounts
-Full range of investment options such as stocks, mutual funds, bonds, exchange traded funds, CDs and other investments
-Separately managed account services for those who want to leverage the expertise of institutional-caliber money managers who specialize in particular investment styles
-Technology and service support so investors can access all their accounts online and view positions, balances and account histories in one place
The Charles Schwab Corporation is one of the nation’s leading providers of financial services. Through their operating subsidiaries, they provide securities brokerage, money management and financial advisory services to individual investors, independent investment advisors, and corporate and retirement plan sponsors and participants.
The Charles Schwab Corporation is financially stable, and they are committed to their continued financial health. Their capital structure and liquidity are sound, and their internal controls and business standards are designed to keep client assets safe. They maintain a disciplined focus on risk management and strive to operate the firm conservatively to minimize investment risks. They know that their success ultimately depends on how they serve all of their clients and their confidence in Schwab.
Financial results and more information about The Charles Schwab Corporation’s business and financial condition can be viewed at any time at www.aboutschwab.com.
We believe the best way to achieve financial success is to implement a comprehensive based plan that provides strategies to address all areas of your financial life including tax planning, investment/retirement planning, education funding and real estate. Multiple areas of life are inter-related and should be addressed in one plan with one advisor.
Retirement planning and the management of your retirement assets are two of the most important pieces of achieving your financial goals. We believe success of these depends on the implementation of a comprehensive plan to achieve retirement and also managing the assets in retirement within a well diversified portfolio which will preserve your wealth and grow your income.
The implementation of the investment plan will consist of a customized and individually managed investment strategy based on each client's unique circumstance. We believe the focus should remain with long-term goals and we will ignore the fluctuations of the market. Following the fluctuations of the market, in our view, is simply a distraction from accomplishing your goals.
As a fee-only investment advisor, we are not influenced by conflicts of interest. We charge only an asset based investment advisory fee so that our compensation is directly linked to the value of your investment portfolio. We do not sell products and do not receive commissions. We also use an independent custodian to hold your assets.
The Firm generally prohibits the Firm or an agent from the sharing of non-public information to any person or entity, unless requested by regulations or law, to non-affiliated entities with whom the firm has agreements with and are necessary to perform the services and functions requested of the firm (i.e. clearing firms, etc.), affiliates, if applicable, and when requested through written authorization from the customer to provide such information to a third party.
This prohibition does not extend to situations where a customer has requested information to be shared with a third party or law enforcement/regulatory requests. The Firm has adopted the following policies concerning the providing of customer information to third parties:
Requests from Law Enforcement and Regulatory Bodies
Any associated person receiving a request from law enforcement or a regulatory authority for information concerning a customer is required to report such request to the Designated Person.
Requests from Third Parties
In the event the Firm or agent receives a request for information from a third party, whether a credit bureau, attorney, accountant, etc., the agent is responsible for not providing any information to such person or entity unless they have previously received written authorization from the customer to provide such information to a third party. The agent should immediately notify the customer of the request by identifying the person or entity and an indication of what information they were requesting, if provided by the third party.
Requests from Customers to Provide Information to a Third Party
In the event a customer requests an agent to provide information concerning the customer to a third party, such as an attorney, accountant, etc., the agent should request from the customer to provide an executed authorization form to provide such information to a third party. At the present time, the Firm requires an agent firm to obtain a written letter of authorization. The agent, upon receipt of such form, is responsible for providing such information to the third party promptly if such information is accessible to the agent.