Private Wealth Management

Paragon's Private Wealth Management practice focuses on the marketplace needs of the private banking, family office, brokerage, independent registered investment advisor, trust and insurance businesses in serving the high net worth and ultra high net worth segments.

While the private wealth management sector remains a lucrative high growth business, the table stakes for remaining a viable long term provider have been raised. Our clients are facing increased competition, rising customer expectations, reduced margins and increased regulatory scrutiny.

Long term success will be determined largely by how well institutions respond to the following strategic imperatives:

• Establishing a differentiated service offering and delivery capability for each customer segment served
• Growing the business, through balanced focus on customer acquisition, targeted cross-selling, and proactive customer retention strategies
• Achieving ‘trusted advisor’ customer recognition
• Providing seamless delivery of ‘best-in-class’ investment management and advisory services through an open product architecture service platform
• Achieving economies of scale through focused acquisitions, partnerships, and business process outsourcing
• Improving cost/income ratios by aligning services delivered to expected lifetime customer value, and increasing advisor productivity
• Streamlining risk management, regulatory and compliance reporting

Paragon Private Wealth Management Solutions enable firms to optimize their customer’s experience through real-time transaction enablement, integrated client reporting, and value added services.

          

Paragon’s Private Wealth Management offerings are targeted to helping clients rapidly formulate and execute their strategy, leveraging deep industry expertise, solutions accelerators, proven systems integration and delivery teams. Our services encompass business consulting advice, objective evaluation of vendor solution offerings, and systems integration delivery capabilities to deliver high-impact results. Paragon’s Private Wealth Management Market Offerings include:

• Enabling Tiered, Multi-Channel Service Delivery
• Customer Insight / Relationship Management
• Achieving ‘Trusted Advisor’ Recognition
• Enabling Open-Product Architecture Platforms
• Unified Reporting Accelerators for Streamlining Regulatory, Risk Management, and Compliance Reporting