Paradiem, LLC (Mandeville)

Name: Paradiem, LLC
Address: 2895 Highway 190, Mandeville, LA, 70471
Telephone: 985-727-0770

Paradiem, LLC is a large advisory firm based in Mandeville. It manages $182.43 million of regulatory assets for 318 client accounts. It has been registered with the SEC as an adviser since 2019 and has operated in the jurisdictions of Colorado, Indiana, Louisiana, and Texas.

Paradiem provides financial planning services and portfolio management for individuals and small businesses. It prepares financial plans for more than 25 clients. On top of advisory services, the firm doesn't engage in other business activities.

Paradiem: assets under management

The assets under management (AUM) of Paradiem, LLC is $182.43 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 0% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $182.43 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $573.69 thousand each.

Investments

The firm invests in exchange traded securities the most. They account for 82% of the total AUM. The second-largest asset type is investment and business development companies, which make up 10% of the firm’s portfolio. Investments in cash and cash equivalents form 4% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Paradiem, LLC for their services and products based on a percentage of assets under management, hourly charges, and fixed fees. Flat-fee based compensation is the most transparent and the one you can safely predict in advance. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Paradiem serves?

The firm provides services to individuals, high net worth individuals, and pooled investment vehicles. The largest group of clients of Paradiem is high net worth individuals with 21 clients and $128.89 million of assets under management. Among the 9 most similar advisory firms, Paradiem has the 3rd highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $179.17 million for 108 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. None of the firm’s clients are foreign persons or businesses.

Paradiem doesn't advise any private funds.

Careers at Paradiem, LLC

The company employs 8 people that are either part- or full-time employees. 75 percent of the employees work as investment advisers or researchers. 6 employees are registered as investment adviser representatives with the state securities authorities.

There isn’t anyone 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
Eric Lee Dunavant	Managing member and president	1 Aug 2007	75% - 100%	3255295
Sandra E Tackett	President of operations and chief compliance officer	1 Sep 2019	Other	5477280

Based in Mandeville

The principal office where Paradiem, LLC performs its advisory services is located at 2895 Highway 190, Mandeville, LA 70471, which is also the mailing address of the firm. An additional office of the firm is in Plainfield, IN. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 985-727-0770 or by fax 985-727-0740. The normal business hours are 8:00am - 5:00pm on Monday - Friday. You can find more information about the New York firm at paradiem.org.