Paragon Financial Advisors provides holistic financial planning and investment management services for individuals and families. Founded in 2005 and located in Newton, Massachusetts, the firm is led by Certified Financial Planner Dana Levit. Paragon Financial Advisors differentiates itself by combining ongoing financial planning—covering taxes, estate planning, retirement, insurance, and business development—with non-discretionary investment advisory services. Clients can choose between open-term annual retainers for comprehensive ongoing guidance, limited-scope financial reviews, or hourly consultations. The firm operates on a fee-only basis, meaning it is compensated solely through direct client fees and does not accept sales commissions, third-party referral fees, or compensation tied to product sales. Paragon Financial Advisors manages approximately $113 million in assets and maintains no minimum net worth or portfolio size requirements.
Fee Structure
Paragon Financial Advisors does not charge a percentage fee based on the size of your portfolio for investment management. Instead, investment management is included as part of their Open Retainer service, which is billed as a flat annual fee ranging from $4,000 to $30,000 for the first year and $4,000 to $24,000 for renewal years. The exact fee depends on the complexity of your financial situation and the amount of marketable assets you have. Because investment management is bundled into this flat-fee arrangement, you do not pay separate asset-based fees.
