For United Capital, which specializes in acquiring mid-sized advisory firms, the transaction is believed to be a departure from the usual, since Paragon is a much larger firm than the typical United Capital acquisition.
Currently, Paragon has US$1 billion in assets under management (AUM) and is one of the larger women-owned RIAs in the country.
Go deeper with GlobalData
Access deeper industry intelligence
Experience unmatched clarity with a single platform that combines unique data, AI, and human expertise.
The company was founded by Shari Burns in 1991 and serves HNWI, families and institutional clients. It has 15 investment professionals.
Upon completion of the transaction, Burns will serve as a managing director with United Capital, which has US$15 billion in client assets and has 41 offices.
Additionally, United Capital will also add resources and expertise to Paragon’s existing operation, including giving Paragon access to state-of-the art technology, portfolio management systems and additional investment research.
Commenting on the move, Burns said: "By leveraging United Capital’s platform, our office will be able to spend less time on the administrative, accounting and regulatory areas of running a financial advisory business and more time focused on the most important aspects of our client relationships."
US Tariffs are shifting - will you react or anticipate?
Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.
By GlobalDataThe terms of the transaction have not been disclosed.
