Paramount Associates, LLC (Greenwood Village)

Paramount Associates, LLC is an adviser based in Greenwood Village. It manages $42.8 million of regulatory assets for 142 client accounts. It has been registered with the SEC as an adviser since 2017 and has operated in the jurisdictions of Colorado and New York.

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

Paramount Associates: assets under management

The assets under management (AUM) of Paramount Associates, LLC is $42.8 million. The firm's AUM has grown by 20% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $36.66 million in discretionary accounts and $6.15 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $302.96 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $292.67 thousand.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Paramount Associates, LLC 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.

Careers at Paramount Associates, LLC

The company employs 3 people that are either part- or full-time employees. 100 percent of the employees work as investment advisers or researchers. 3 employees are registered as investment adviser representatives with the state securities authorities.

There’s a single person with the role of looking for and bringing in new clients on behalf of the firm. The firm doesn’t compensate employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Andrew Abraham Klein	Managing member	1 May 2017	50% - 75%	1308591
Robert Scott Tremlett	Managing member, cco	1 May 2017	50% - 75%	4514583

Based in Greenwood Village

The principal office where Paramount Associates, LLC performs its advisory services is located at 6400 S. Fiddlers Green Circle #1310, Greenwood Village, CO 80011, which is also the mailing address of the firm. It doesn’t run an office outside of the United States.