Paragon Capital Management

Paragon Capital Management, LLC is an investment firm specializing in professional wealth management for ultra-affluent individuals and institutions. The firm distinguishes itself by offering custom-built portfolio solutions rather than pre-fabricated investment products. Their investment philosophy emphasizes both wealth preservation and participation in growth opportunities, with a keen focus on risk management. They manage portfolios comprised of individual securities, including stocks and bonds, and are known for their expertise in utilizing wholesale structured notes to provide downside protection while capturing upside potential.

The firm was founded in 1998 by Howard Jacobson, who aimed to provide a high level of personal service and dedication to clients, a departure from the industry's growing focus on firm size and Assets Under Management (AUM). Jacobson, with decades of experience in the brokerage business and bank trust departments, sought to offer a "white-glove" approach to client service and asset management. Craig Novorr, the current President and Chief Investment Officer, joined Jacobson in 2006 as part of a succession plan, bringing his expertise in portfolio management and structured notes to further differentiate the firm.

Paragon Capital Management, LLC focuses on managing client portfolios directly through individual securities and structured notes. While they do not typically announce specific portfolio companies in the traditional venture capital sense, they partner with large alternative asset managers to provide clients access to private equity deals, private real estate deals, private funds, and hedge funds. Their approach is centered on creating bespoke investment solutions tailored to individual client needs and objectives, rather than investing in a fixed set of portfolio companies.

The team at Paragon Capital Management, LLC is led by founder Howard Jacobson, who has over 40 years of experience in finance, starting at E.F. Hutton & Company. President and CIO Craig Novorr, a University of Kansas graduate, has a background in institutional portfolio management and co-managed mutual funds before joining Paragon. He is credited with developing the firm's approach to using wholesale structured notes. The firm prides itself on its fiduciary duty, acting as a "family CFO" for clients, and providing personalized, attentive service with a long-term investment view.