PRZOOM - /newswire/ -
Provo, UT, United States, 2008/05/16 - An investment firm in Provo, Utah received one of 12 Smoot Awards from the Provo Chamber of Commerce on May 14.
Paragon Wealth Management, an investment firm in Provo, Utah, received a Smoot Award Wednesday night from the Provo/Orem Chamber of Commerce. The Chamber honored Paragon with the Small Business of the Year Award.
“We are honored to receive this award,” said Dave Young, President of Paragon. “It is a privilege to be recognized in our community.”
The Provo/Orem Chamber of Commerce presented 12 Smoot awards, each in a different category, to honor prominent business and community leaders in Provo at the 20th Annual Senator Reed Smoot Outstanding Citizens Awards Banquet.
The awards are named after Reed Smoot who was a U.S. Senator from 1903 to 1933. Guests enjoyed dinner, entertainment and the award presentations at the Provo Library.
Paragon Wealth Management began in 1986 when Young, an undiscovered money manager, started investing his own money after he sold his 12 franchise businesses and couldn’t find a traditional brokerage firm to meet his needs. When he avoided the 1987 stock market crash, his methods sparked a lot of interest and he began to manage money for clients.
Young’s methods have gained more attention when he announces the numbers for his flagship portfolio called Top Flight. To date Paragon’s Top Flight Portfolio generated a total return of 402.38% verses 68.49% for the S&P 500 from its inception on December 31, 1997 through April 30, 2008. Its compound annual return is 17.07%, versus 5.22% for the S&P 500 (visit the website to see complete track record and full disclosures).
About Paragon Wealth Management
Paragon Wealth Management (paragonwealth.com | moneymanagerslive.com) is a money management firm located in Provo, Utah. With over 20 years of experience as financial advisors, they are dedicated to creating success for their clients. They manage retirement accounts such as IRA rollovers, 401(k) rollovers, pensions and trusts. Paragon has a fiduciary responsibility.
An investor’s actual returns may vary due to timing of withdrawals, contributions and other factors. Past performance is no guarantee of future results. Before investing, contact Paragon to discuss your investment objectives, risk tolerance and fees. Investments in securities involve the risk of loss. The S&P Index is a market-value weighted index comprised of 500 stocks selected for market size, liquidity, and industry group representation. It is not possible to directly invest in this index.