{
  "crd_number": 105147,
  "slug": "paragon-capital-management-denver-co-105147",
  "primary_business_name": "PARAGON CAPITAL MANAGEMENT",
  "legal_name": "PARAGON CAPITAL MANAGEMENT",
  "dbas": [],
  "city": "Denver",
  "state": "CO",
  "country": "United States",
  "cbsa_code": "19740",
  "metro": {
    "cbsa_code": "19740",
    "common_name": "Denver",
    "msa_name": "Denver-Aurora-Centennial, CO",
    "path": "/advisors/co/denver"
  },
  "registration_type": "sec",
  "registration_status": "Approved",
  "registration_date": "1990-03-23",
  "years_registered": 36,
  "period": "2026-10-01",
  "filing_date": "2026-03-24",
  "carried_forward": false,
  "raum_total": 1316232312.0,
  "raum_discretionary": 1171622801.0,
  "raum_non_discretionary": 144609511.0,
  "raum_band": "1b_5b",
  "raum_band_label": "$1 billion to $5 billion",
  "total_employees": 6,
  "advisory_employees": 5,
  "client_count_bucket": "fewer_than_5_in_some_types",
  "clients_by_type": {
    "charitable": {
      "raum": 2030335.0,
      "count": 1,
      "fewer_than_5": true
    },
    "individuals": {
      "raum": 23817405.0,
      "count": 47
    },
    "high_net_worth_individuals": {
      "raum": 1290384572.0,
      "count": 140
    }
  },
  "compensation_types": [
    "fixed",
    "hourly",
    "percentage_of_aum"
  ],
  "advisory_activities": [
    "financial_planning",
    "portfolio_management_individuals",
    "selection_of_other_advisers"
  ],
  "wrap_fee_participant": false,
  "disclosure_yes_count": 0,
  "states_registered": [
    "AZ",
    "CA",
    "CO",
    "FL",
    "NE",
    "NH",
    "TX",
    "VA",
    "WA"
  ],
  "websites": [
    "https://paragoncapitalco.com"
  ],
  "iapd_url": "https://adviserinfo.sec.gov/firm/summary/105147",
  "city_as_filed": "DENVER",
  "url": "https://advisorcensus.com/firm/paragon-capital-management-denver-co-105147",
  "display_name": "Paragon Capital Management",
  "summary": "Paragon Capital Management is an SEC-registered investment advisory firm in Denver, CO, registered since 1990, reporting $1 billion to $5 billion in regulatory assets under management in its Form ADV filing dated March 24, 2026.",
  "citation": "AdvisorCensus. Paragon Capital Management (CRD 105147): Form ADV filing data as of October 2026.",
  "registration_type_label": "SEC-registered investment adviser",
  "compensation_labels": [
    "A percentage of assets under your management",
    "Hourly charges",
    "Fixed fees (other than subscription fees)"
  ],
  "advisory_activity_labels": [
    "Financial planning services",
    "Portfolio management for individuals and/or small businesses",
    "Selection of other advisers (including private fund managers)"
  ],
  "quick_answers": [
    {
      "q": "How is Paragon Capital Management compensated?",
      "a": "On its Form ADV (Item 5.E, October 2026), Paragon Capital Management reports these compensation arrangements: a percentage of assets under its management; hourly charges; fixed fees (other than subscription fees)."
    },
    {
      "q": "How much does Paragon Capital Management charge?",
      "a": "Its Form ADV Part 2A brochure dated March 24, 2026 states: Hourly rate: $400 an hour (financial planning services). Fees can differ by service and may be negotiable; the brochure is the complete statement."
    },
    {
      "q": "Where is Paragon Capital Management located?",
      "a": "Paragon Capital Management's principal office is in Denver, CO, according to its Form ADV."
    },
    {
      "q": "Is Paragon Capital Management registered with the SEC or a state?",
      "a": "Paragon Capital Management is an SEC-registered investment advisory firm, registered since 1990. Status as filed: Approved. CRD 105147."
    },
    {
      "q": "How much does Paragon Capital Management manage?",
      "a": "Paragon Capital Management reports $1,316,232,312 in regulatory assets under management in its Form ADV filing dated March 24, 2026 (89% discretionary)."
    },
    {
      "q": "How have Paragon Capital Management's assets and staff changed since 2021?",
      "a": "In the Form ADV data for Paragon Capital Management: Regulatory assets under management: $1,115,930,463 in the October 2021 data and $1,316,232,312 in the October 2026 data, up 18%. Total employees: 6 in October 2021 and 6 in October 2026. Assets under management move with markets as well as with clients coming and going."
    },
    {
      "q": "What types of clients does Paragon Capital Management serve?",
      "a": "By number of clients on Form ADV Item 5.D: high net worth individuals (140); individuals (other than high net worth individuals) (47); charitable organizations (1)."
    },
    {
      "q": "Which custodians does Paragon Capital Management use?",
      "a": "Paragon Capital Management's most recent Form ADV filing (Schedule D, Section 5.K(3)) lists Charles Schwab & Co., Inc. as a custodian holding 10% or more of its separately managed account assets."
    },
    {
      "q": "Does Paragon Capital Management report any disciplinary disclosures?",
      "a": "Reports no disclosure items on Form ADV Item 11. The detail of any item is on the firm's SEC record: https://adviserinfo.sec.gov/firm/summary/105147"
    },
    {
      "q": "Does Paragon Capital Management state an account minimum?",
      "a": "Its Form ADV Part 2A brochure dated March 24, 2026 says: \"Our Firm typically requires a minimum account size of $1,000,000 for advisory accounts. However, sometimes, at our sole discretion, we may accept smaller accounts based on various criteria, such as anticipated future assets, related accounts, and other individual Client circumstances.\""
    },
    {
      "q": "What changed in Paragon Capital Management's recent Form ADV filings?",
      "a": "In the April 2026 filing data: Employees performing advisory functions went from 4 to 5."
    }
  ],
  "filing_history": [
    {
      "period": "2021-10-01",
      "regulatory_assets_under_management": 1115930463.0,
      "total_employees": 6,
      "filing_date": "2021-07-20"
    },
    {
      "period": "2022-10-01",
      "regulatory_assets_under_management": 1423044284.0,
      "total_employees": 6,
      "filing_date": "2022-03-14"
    },
    {
      "period": "2023-10-01",
      "regulatory_assets_under_management": 1002796080.0,
      "total_employees": 6,
      "filing_date": "2023-06-22"
    },
    {
      "period": "2024-10-01",
      "regulatory_assets_under_management": 1134002663.0,
      "total_employees": 6,
      "filing_date": "2024-03-12"
    },
    {
      "period": "2025-10-01",
      "regulatory_assets_under_management": 1249154038.0,
      "total_employees": 5,
      "filing_date": "2025-07-23"
    },
    {
      "period": "2026-10-01",
      "regulatory_assets_under_management": 1316232312.0,
      "total_employees": 6,
      "filing_date": "2026-03-24"
    }
  ],
  "recent_changes": [
    {
      "period": "2026-04-01",
      "period_label": "April 2026",
      "notes": [
        "Employees performing advisory functions went from 4 to 5."
      ]
    }
  ],
  "fees_from_brochure": {
    "source": "Form ADV Part 2A brochure dated March 24, 2026",
    "provided_by_the_firm": false,
    "tiers": [],
    "flat_rate": null,
    "stated_range": null,
    "stated_maximum": null,
    "account_minimum": "$1,000,000",
    "account_minimum_may_be_waived": true,
    "minimum_annual_fee": "$7,000",
    "planning_fees": [
      "Hourly rate: $400 an hour (financial planning services)"
    ],
    "figures": [
      {
        "label": "Account minimum",
        "statements": [
          "Account minimum: $1,000,000 (the brochure says it may be waived or negotiated)"
        ],
        "quotes": [
          "Our Firm typically requires a minimum account size of $1,000,000 for advisory accounts. However, sometimes, at our sole discretion, we may accept smaller accounts based on various criteria, such as anticipated future assets, related accounts, and other individual Client circumstances."
        ]
      },
      {
        "label": "Minimum annual fee",
        "statements": [
          "Minimum annual fee: $7,000"
        ],
        "quotes": [
          "Our Firm imposes a minimum annual fee of $7,000."
        ]
      },
      {
        "label": "Planning fee",
        "statements": [
          "Hourly rate: $400 an hour (financial planning services)"
        ],
        "quotes": [
          "Our Firm provides financial planning services under an hourly fee arrangement of $400 per hour."
        ]
      }
    ],
    "values": {
      "tiers": [],
      "range_pct": null,
      "max_pct": null,
      "account_minimum": 1000000.0,
      "minimum_annual_fee": 7000.0,
      "planning": [
        {
          "kind": "hourly",
          "amount": 400.0,
          "min": null,
          "max": null,
          "period": "hour",
          "service": "financial planning services"
        }
      ]
    },
    "quotes": [
      "Our Firm typically requires a minimum account size of $1,000,000 for advisory accounts. However, sometimes, at our sole discretion, we may accept smaller accounts based on various criteria, such as anticipated future assets, related accounts, and other individual Client circumstances.",
      "Our Firm imposes a minimum annual fee of $7,000.",
      "Our Firm provides financial planning services under an hourly fee arrangement of $400 per hour."
    ],
    "note": "As stated in the firm's brochure; fees can differ by service and may be negotiable."
  },
  "custodians": [
    {
      "name": "Charles Schwab & Co., Inc.",
      "name_as_filed": "CHARLES SCHWAB & CO., INC.",
      "affiliated": false
    }
  ],
  "custodians_note": "Custodians holding 10% or more of the firm's separately managed account assets, as filed on Form ADV (Schedule D, Section 5.K(3)). A custodian holds client assets; it does not endorse or supervise the firm. AdvisorCensus has no relationship with any custodian.",
  "markdown_url": "https://advisorcensus.com/firm/paragon-capital-management-denver-co-105147.md",
  "clients": [
    {
      "type": "individuals",
      "label": "Individuals (other than high net worth individuals)",
      "count": 47,
      "fewer_than_5": false,
      "raum": 23817405.0
    },
    {
      "type": "high_net_worth_individuals",
      "label": "High net worth individuals",
      "count": 140,
      "fewer_than_5": false,
      "raum": 1290384572.0
    },
    {
      "type": "charitable",
      "label": "Charitable organizations",
      "count": 1,
      "fewer_than_5": true,
      "raum": 2030335.0
    }
  ],
  "disclosure_line": "Reports no disclosure items on Form ADV Item 11.",
  "disclosure_items": [],
  "indexable": true,
  "suppressed": false,
  "claimed": false,
  "enhanced": false,
  "provided_by_the_firm": null,
  "source": {
    "name": "Form ADV",
    "as_of": "2026-10-01",
    "iapd_url": "https://adviserinfo.sec.gov/firm/summary/105147",
    "operator": "BH Monitor Services, LLC",
    "license": "https://creativecommons.org/licenses/by/4.0/",
    "credit": "AdvisorCensus (advisorcensus.com), from SEC Form ADV data"
  }
}