Paradigm Consulting, Inc. (Utica)

Name: Paradigm Consulting, Inc.
Address: 133 Business Park Drive, Utica, NY, 13502
Telephone: 315-797-8400

Paradigm Consulting, Inc. is a mid-sized advisory firm based in Utica. It manages $88.91 million of regulatory assets for 359 client accounts. It has been registered with the SEC as an adviser since 2007 and has operated in the jurisdictions of Florida, Illinois, New York, Ohio, and Texas.

Paradigm Consulting provides portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, pension consulting services, selection of other advisers, and employer fund reviews. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Paradigm Consulting: assets under management

The assets under management (AUM) of Paradigm Consulting, Inc. is $88.91 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 100% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $88.91 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $247.67 thousand each.

Investments

The firm invests in investment and business development companies the most. They account for 91% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 6% of the firm’s portfolio. Investments in exchange traded securities form 3% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Paradigm Consulting, Inc. for their services and products based on a percentage of assets under management, hourly charges, and fixed fees. Compensation based on assets under management promotes a long-term relationship between a client and the adviser and helps align mutual interests. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Laurie Ann Schoen serves?

The firm provides services to individuals, charitable organizations, high net worth individuals, corporations or other businesses, and pension and profit sharing plans. The largest group of clients of Laurie Ann Schoen is individuals with 203 clients and $45.28 million of assets under management. Among the 4 most similar advisory firms, Paradigm Consulting has the highest percentage of individuals out of all clients.

The amount of regulatory assets under management is $88.91 million for 247 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. None of the firm’s clients are foreign persons or businesses.

Paradigm Consulting doesn't advise any private funds.

Careers at Paradigm Consulting, Inc.

The company employs 7 people that are either part- or full-time employees. 71 percent of the employees work as investment advisers or researchers. 6 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 compensates employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.

Laurie Ann Schoen has been acting as President since 1 Jun 2010. Michael Charles Stewart joined the executive team most recently as the Co Owner.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Michael Charles Stewart	President	1 Aug 2007	50% - 75%	1869443
Laurie Ann Schoen	Vice-president	1 Aug 2007	25% - 50%	2105347
Amy Louise Mielnicki	Secretary/treasurer	1 Aug 2007	Other	2105349
Janice Powers Williams	Chief compliance officer	1 Aug 2007	Other	1901772
Laurie Ann Schoen	President	1 Jun 2010	50% - 75%	2105347
Amy Louise Mielnicki	Executive vice president	1 Jun 2010	25% - 50%	2105349
Janice Powers Williams	Chief compliance officer	1 Jun 2010	Other	1901772
Gary Grant Casab	Investment advisor representative	1 Jun 2010	Other	2887178
Inc. Pci Holding	Owner	1 Jun 2010	75% - 100%	27-2900915
Michael Charles Stewart	Co-owner	1 Mar 2018	Other	1869443
Laurie Ann Schoen	Chief compliance officer	1 Apr 2019	50% - 75%	2105347

Based in Utica

The principal office where Paradigm Consulting, Inc. performs its advisory services is located at 133 Business Park Drive, Utica, NY 13502, 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 315-797-8400 or by fax 315-797-8403. The normal business hours are 8:30 a.m. - 5:00 p.m. on Monday - Friday. You can find more information about the New York firm at paradigmci.com.