FORM CRS Paradigm • Strategies in Wealth Management, LLC.
March 13, 2025
Paradigm, Strategies in Wealth Management, LLC is registered with the Securities and Exchange Commission as an investment adviser and, as such, we provide advisory services rather than brokerage services. Brokerage and investment advisory services and fees differ and it is important for you, our client, to understand the differences. Additionally, free and simple tools are available to research firms and financial professionals at Investor.gov/CRS, which also provides educational materials about broker-dealers, investment advisers, and investing. This document is a summary of the services and fees we offer to “retail” investors, which are natural persons who seek or receive services primarily for personal, family, or household purposes.
What investment services and advice can you provide me?
We offer the following investment advisory services to retail investors: Asset Management Services and Financial Planning and Consulting Services.
Account Monitoring: If you open an investment account with our firm, as part of our standard service we will monitor your investments on a regular basis.
Investment Authority: We manage investment accounts on a discretionary basis whereby we will decide which investments to buy or sell for your account. You may limit our discretionary authority (for example, limiting the types of securities that can be purchased or sold for your account) by providing our firm with your restrictions and guidelines in writing. We also offer non-discretionary investment management services whereby we will provide advice, but you will ultimately decide which investments to buy and sell for your account. You have an unrestricted right to decline to implement any advice provided by our firm on a non-discretionary basis.
Investment Offerings: We provide advice on various types of investments. Our services are not limited to a specific type of investment or product; however, we primarily use open-ended mutual funds including no-load and load-waived or mutual funds purchased at net asset value (NAV), fixed income securities and exchange traded funds (ETFs).
Account Minimums and Requirements: In general, we do not require a minimum dollar amount to open and maintain an advisory account; however, we have the right to terminate your account if it falls below a minimum size which, in our sole opinion, is too small to manage effectively.
Additional Information: Detailed information regarding our services, fees and other disclosures can be found in our Form ADV Part 2A Brochure Items 4, 7, and 8 by clicking this link https://adviserinfo.sec.gov/firm/brochure/110372.
Key Questions to Ask Your Financial Professional
– Given my financial situation, should I choose an investment advisory service? Why or Why Not?
– How will you choose investments to recommend to me?
– What is your relevant experience, including your licenses, education and other qualifications?
– What do these qualifications mean?
What fees will I pay?
The following summarizes the principal fees and costs associated with engaging our firm for investment advisory services.
- Asset Based Fees – Payable quarterly in arrears. Since the fees we receive are asset-based (i.e. based on the value of your account), we have an incentive to increase your account value which creates a conflict especially for those accounts holding illiquid or hard-to-value assets;
- Fixed Fees – Payable one-half up front with remainder due upon presentation of the financial plan or completion of services;
- Additional common fees and/or expenses such as: custodian fees; account maintenance fees; fees related to mutual funds and exchange-traded funds; and transaction charges when purchasing or selling securities.
You will pay fees and costs whether you make or lose money on your investments. Fees and costs will reduce any amount of money you make on your investments over time. Please make sure you understand what fees and costs you are paying.
For detailed information, refer to our Form ADV Part 2A Brochure, Items 5 and 6 and by clicking this link https://adviserinfo.sec.gov/firm/brochure/110372.
Key Questions to Ask Your Financial Professional
Help me understand how these fees and costs might affect my investments. If I give you $10,000 to invest, how much will go to fees and costs, and how much will be invested for me?
What are your legal obligations to me when acting as my investment adviser? How else does your firm make money and what conflicts of interest do you have?
When we act as your investment adviser, we have to act in your best interest and not put our interest ahead of yours. At the same time, the way we make money creates some conflicts with your interests. You should understand and ask us about these conflicts because they can affect the investment advice we provide you. Here are some examples to help you understand what this means.
- Third-Party Payments: Persons providing investment advice on behalf of our firm are licensed as independent insurance agents. These persons will earn commission-based compensation for selling insurance products. Insurance commissions are separate and in addition to our advisory fees. This practice presents a conflict of interest because they have an incentive to recommend insurance products to you for the purpose of generating commissions rather than solely based on your needs. We are an insurance agency licensed with the state of Minnesota and receive commission compensation.
- Because our revenue is derived from asset-based fees, we have an incentive to grow your account as much as possible. This could cause us to take overly aggressive positions in conflict with your interests in an attempt to grow your account, or could incentivize us to inflate the valuations of illiquid investments held in your account.
Key Questions to Ask Your Financial Professional
• How might your conflicts of interest affect me, and how will you address them?
Additional Information: Refer to our Form ADV Part 2A Brochure Items 5, 10, 12, and 14 by clicking this link https://adviserinfo.sec.gov/firm/brochure/110372 to help you understand what conflicts exist.
How do your financial professionals make money?
The financial professionals servicing your account(s) are compensated through salary and bonus. Financial professionals’ compensation is based on the revenue the firm earns from the person’s services or recommendations as well as the time and complexity required to meet a client’s needs.
Do you or your financial professionals have legal or disciplinary history?
No, our firm and our financial professionals currently do not have any legal or disciplinary history to disclose. Visit Investor.gov/CRS for a free and simple research tool.
Key Questions to Ask Your Financial Professional
• As a financial professional, do you have any disciplinary history? For what type of conduct?
You can request up-to-date information and request a copy of the relationship summary by calling (763) 201-1025.
Key Questions to Ask Your Financial Professional
• Who is my primary contact person?
• Is he or she a representative of an investment adviser or a broker-dealer?
• Who can I talk to if I have concerns about how this person is treating me?
You can find additional information about your investment advisory services by clicking the link provided https://adviserinfo.sec.gov/firm/brochure/110372.