photo by stopnlook

Sometimes people ask us what the difference is between money managers and financial planners. This is our typical answer:

Money Managers- usually have more training. They actually manage the assets such as a mutual fund or a hedge fund. They make investment decisions, build portfolios and creat investment strategies. If you need to meet with a money manager, it is best to talk with a Chartered Financial Analyst (CFA) because they have more training.

Financial Planners- this term is used very loosely. Almost anyone can call themselves a financial planner. They usually gather your information and then try to sell you products because their pay is based off of comissions. It is better to talk to a Certified Financial Planner (CFP) because they have more training.

At Paragon, we have money managers such as Nathan White CFA, who is our Chief Investment Officer. He actively manages our clients’ money and continuely finds ways to improve our investment strategies and investment processes.

Paragon’s money managers are not paid on commissions, and do not sell products. If you would like a financial plan, our money managers gather your information and give you a plan based on your personal goals and objectives without trying to sell you something you don’t need.