Paragon Wealth Management was included on Wealth Manager Magazine’s “Top Advisory Firms in the United States” list in their 2008 July/August issue. A press release about the results is below.

FOR IMMEDIATE RELEASE

Wealth Manager Announces the 2008 Top Dog Rankings
Largest wealth managers by average AUM per client

Hoben, NJ- Wealth Managermagazine has released its 8th annual ranking of wealth managers by average asets under management per client, Wealth Manager’s 2008 Top Dogs Ranking.

Wealth Manager’s 2008 Top Dogs survey found that, in spite of difficult market and economic conditions, the overall amount of assets under management has continued to grow, along with the number of investment firms managing that wealth. The 478 firms that participated in the 2008 survey manage an impressive $302 billion in total assets. Overall, these firms manage an average $3.33 million per client.

“After a year as unpredictable as this one, it’s to their credit that wealth managers have been able to keep clients focused on the long term and that they continue to uncover the opportunities that this market uncertainty presents,” said Wealth Manager’s Editor in Chief, Kathleen M. McBride.

The top 20 firms by average assets under management per client include a wide distribution of average client assets from the top firm, Boston-based Federal Street Advisors whose clients have an average of $66.9 million in assets under management, to $15.2 million per client at Manchester Capital Management in Manchester, Vt.

A total of 478 wealth managers from 44 states are included in the 2008 rankings and they have a total of $302 billion in assets under management. Within individual firms, total assets under management for the 2008 Top Dogs ranges from $14.4 billion at the largest firm in total assets to $36 million at the smallest firm, the average for all the wealth management firms in the rankings for total assets under management is $632.6 million, while the median is $256.3 million-up 8.4 percent from $236.5 million in 2007, and up 28.8 percent from the $199 million reported in 2006.

Rankings include registered investment advisors; no banks, broker/dealers and trust companies are included in their rankings. (For the full story and the complete list of Wealth Manager’s 2008 Top Dogs Rankings please go to www.wealthmangermag.com).

About Wealth Manager Magazine
The redesigned and refocused Wealth Manager magazine provides authoritative, unique, sophisticated content that wealth managers can find only in the magazine named after them. Now in its 9th year, Wealth Manager’s mission is to provide knowledge and information tools to a readership focused on building, preserving, and endowing wealth. Wealth Manager presents dialogue from innovative and respected thinkers on topics ranging from investments, entrepreneurship, and private banking to legacy and philanthropy, and is designed to provide readers with best practices and winning strategies from across the industry. Wealth Manager also focuses on the key relationships that make up modern wealth management:  not only between wealth managers and their wealthy clients, but also between wealth managers and the attorneys, accountants, trustees, and other corporate and individual partners who are collectively engaged in managing significant wealth today.