DFX Intelligence

RIA Intelligence

Registered investment advisers, the advisors registered through them, the capital they report, the private vehicles they run and the people who own them, as a graph with a filing date behind every number. RAUM is what the adviser filed, a move is two registration dates, and a class is a rule you can read.

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SEC-registered adviser

P••••••• I••••••••• M•••••••••

Asset manager (funds and pooled vehicles)Miami, FloridaCRD 174058SEC 801-80811websiteIAPD
Legal name I••••• L••
Latest filing Mar 31, 2026
First filing on the tape Dec 23, 2014 · 25 filings
SEC status approved since Jan 8, 2015
RAUM
$725M
reported, Item 5.F
Discretionary
100%
of RAUM
Private clients
0.0%
$0 individuals and HNW
Advisors
1
registered through the firm on IAPD
RAUM per advisor
$725M
derived; firm RAUM over IAPD count
Employees
3
2 advisory (5.B.1)
Offices
0
beyond the principal office
Private funds
0
reported on Schedule D
History
25 filings and snapshots on the tape
RAUM$725M as of Mar 31, 2026
May 2, 2016$115M then
HNW client RAUM$125M as of Mar 31, 2021
Apr 16, 2018$6.0M then
State-registered IARs (5.B.3)2 as of Mar 31, 2026
May 2, 20162 then
Employees (5.A)3 as of Mar 31, 2026
May 2, 20164 then
Private funds: no history
RAUM +5.5% over the last fiscal year+49% a year over threeIARs 3 to 2
Practice profile
derived from the filing of Mar 31, 2026; every figure names its basis
Archetypes, each a printed rule
  • Solo or small team · one advisor, or a wealth manager with up to three advisors and one office
RAUM per advisor
$725MderivedRAUM over IAPD advisors; not a book size
Clients per advisor
unknownderivedindividual and HNW clients (5.D) over advisors
Average HNW client
unknownderivedHNW RAUM over HNW clients
Average account
$80.6MderivedRAUM over accounts (5.F.2.f)
Discretionary
100%derivedof RAUM
Institutional
0.0%derivedpensions, charities, corporations, government, insurance, banks, other advisers
Employees per advisor
3.0derivedItem 5.A over advisors
Advisors per office
1.0derived1 offices incl. principal (1.F.5)
RAUM growth, one year
+5.5%derivedbetween the last two annual amendments
Advisor growth, one year
-33%derivedItem 5.B.3 between annual amendments
Client growth, one year
unknownderived
Compensation
percentage of assets, performance-basedreportedItem 5.E
Advisory activities
portfolio management for businesses and institutions, portfolio management for pooled vehiclesreportedItem 5.G
Ownership
no PE, bank or public-company owner found on Schedule Aderived
Advisor book size
not public; not estimatedreported
Also answered yes on Form ADV
  • has discretionary authority over which securities are bought or sold (8.C.1)
Where the RAUM sits
Form ADV Item 5.D, latest filing
  • Investment companies$350M48%
  • Pooled investment vehicles$200M28%
  • Banks and thrifts$175M24%
Individual clients
n/areported
HNW clients
n/areported
Pension plan clients
n/areported
Charitable clients
n/areported
Accounts
9reported
Financial planning clients
0reported
Wrap fee programs
noreported
Custody of client assets
noreported
Compensation
% of AUM, performancereported
Class basis
private_client_share=0.0 fund_share=0.76 institutional_share=0.0 related_bd=false related_bank=false bd_reps=0.0derived
Advisors registered through the firm
1 on IAPD today, longest tenure first
NameBranchHere sinceIn industryPrior firms
J••• C••••• S••••Miami, FlDec 3, 202529 y6
Advisor movement
0 left, 0 joined in 12 months
Private funds
No private fund reported.
Owners and control persons
Schedule A and B, latest filing
  • S••••• J•••• C••••• · Ccocontrol
    since 01/2015 · owns 75% or more
  • S••••• J•••• C••••• · Ownercontrol
    since 01/2007 · owns 75% or more of S••••• J•••• C•••••
Related persons
Schedule D 7.A
No related person reported.
Offices
Schedule D 1.F, the 25 largest
No branch office listed.
ADV anomalies
1 against comparable advisers; where to look, not conclusions
  • discretionary share shiftChange between filings · filing Mar 31, 2026
    discretionary share of RAUM moved from 73.0% to 100.0% between the annual amendments of 2025-04-02 and 2026-03-31
    peers: asset managers, $500M to $1B (784)
What changed
consecutive filings, newest first
  • Accounts · 7 to 9
    Apr 2, 2025 to Mar 31, 2026
  • Advisory employees · 3 to 2
    Apr 2, 2025 to Mar 31, 2026
  • Business name · P••••••• P••••••• C•••••• M••••••••• to P••••••• I••••••••• M•••••••••
    Apr 2, 2025 to Mar 31, 2026
  • Pooled vehicle clients · 5 to 7
    Apr 2, 2025 to Mar 31, 2026
  • State-registered IARs · 3 to 2
    Apr 2, 2025 to Mar 31, 2026
  • Discretionary RAUM · $500M to $725M
    Apr 2, 2025 to Mar 31, 2026
  • Non-discretionary RAUM · $187M to $0
    Apr 2, 2025 to Mar 31, 2026
  • Pooled vehicle RAUM · $150M to $200M
    Apr 2, 2025 to Mar 31, 2026
  • RAUM · $687M to $725M
    Apr 2, 2025 to Mar 31, 2026
  • Advisory employees · 2 to 3
    Mar 29, 2024 to Apr 2, 2025
  • Employees · 2 to 3
    Mar 29, 2024 to Apr 2, 2025
  • Financial planning clients · 0 to 0
    Mar 29, 2024 to Apr 2, 2025
  • State-registered IARs · 2 to 3
    Mar 29, 2024 to Apr 2, 2025
  • Discretionary RAUM · $548M to $500M
    Mar 29, 2024 to Apr 2, 2025
  • Non-discretionary RAUM · $0 to $187M
    Mar 29, 2024 to Apr 2, 2025
  • Pooled vehicle RAUM · $130M to $150M
    Mar 29, 2024 to Apr 2, 2025
  • RAUM · $548M to $687M
    Mar 29, 2024 to Apr 2, 2025
  • Accounts · 5 to 7
    Sep 27, 2023 to Mar 29, 2024
  • Pooled vehicle clients · 3 to 5
    Sep 27, 2023 to Mar 29, 2024
  • Discretionary RAUM · $443M to $548M
    Sep 27, 2023 to Mar 29, 2024
  • Pooled vehicle RAUM · $30.0M to $130M
    Sep 27, 2023 to Mar 29, 2024
  • RAUM · $443M to $548M
    Sep 27, 2023 to Mar 29, 2024
  • Accounts · 4 to 5
    Mar 29, 2023 to Sep 26, 2023
  • Discretionary RAUM · $218M to $443M
    Mar 29, 2023 to Sep 26, 2023
  • RAUM · $218M to $443M
    Mar 29, 2023 to Sep 26, 2023
  • Accounts · 3 to 4
    Mar 31, 2022 to Mar 29, 2023
  • Pooled vehicle clients · 1 to 3
    Mar 31, 2022 to Mar 29, 2023
  • Discretionary RAUM · $12.9M to $218M
    Mar 31, 2022 to Mar 29, 2023
  • Non-discretionary RAUM · $165M to $0
    Mar 31, 2022 to Mar 29, 2023
  • Pooled vehicle RAUM · $10.0M to $30.0M
    Mar 31, 2022 to Mar 29, 2023
  • RAUM · $177M to $218M
    Mar 31, 2022 to Mar 29, 2023
  • Accounts · 4 to 3
    Nov 1, 2021 to Mar 31, 2022
  • Advisory employees · 1 to 2
    Nov 1, 2021 to Mar 31, 2022
  • Advisory activities · 1 to 2
    Nov 1, 2021 to Mar 31, 2022
  • Pooled vehicle clients · unset to 1.0
    Nov 1, 2021 to Mar 31, 2022
  • Employees · 1 to 2
    Nov 1, 2021 to Mar 31, 2022
  • State-registered IARs · 1 to 2
    Nov 1, 2021 to Mar 31, 2022
  • Discretionary RAUM · $8.5M to $12.9M
    Nov 1, 2021 to Mar 31, 2022
  • Non-discretionary RAUM · $145M to $165M
    Nov 1, 2021 to Mar 31, 2022
  • Pooled vehicle RAUM · unset to 10000000.0
    Nov 1, 2021 to Mar 31, 2022
Signals
12 dated events
  • P••••••• I••••••••• M••••••••• reported RAUM $687.3M, up 25% from $548.0M (2024-03-29 to 2025-04-02)
    Apr 2, 2025 · RAUM change · derived
  • P••••••• I••••••••• M••••••••• reported RAUM $443.0M, up 103% from $218.0M (2023-03-29 to 2023-09-26)
    Sep 26, 2023 · RAUM change · derived
  • P••••••• I••••••••• M••••••••• reported RAUM $148.0M, down 96% from $3.5B (2019-09-30 to 2020-03-30)
    Mar 30, 2020 · RAUM change · derived
  • S. A•••••• H•••••• (Chief Compliance Officer) no longer on Schedule A of P••••••• I••••••••• M••••••••• (listed 2019-02-22, absent 2019-05-30)
    May 30, 2019 · Control person left · inference
  • Carlos John Salas (Cco) appeared on Schedule A of P••••••• I••••••••• M•••••••••
    May 30, 2019 · Control person joined · fact
  • P•• F•••••••• reported succeeding to the business of Another Adviser (Form ADV Item 4)
    Feb 22, 2019 · Succession (Item 4) · fact
  • S. A•••••• H•••••• (Chief Compliance Officer) appeared on Schedule A of P••••••• I••••••••• M•••••••••
    Feb 22, 2019 · Control person joined · fact
  • Francisco Edward Salas (Elected Manager) no longer on Schedule A of P••••••• I••••••••• M••••••••• (listed 2019-02-19, absent 2019-02-22)
    Feb 22, 2019 · Control person left · inference
  • Carlos John Salas (Ceo/Managing Member/Cco) no longer on Schedule A of P••••••• I••••••••• M••••••••• (listed 2019-02-19, absent 2019-02-22)
    Feb 22, 2019 · Control person left · inference
  • P••••••• I••••••••• M••••••••• reported RAUM $3.5B, up 135% from $1.5B (2018-04-16 to 2019-02-19)
    Feb 19, 2019 · RAUM change · derived
  • P••••••• I••••••••• M••••••••• reported RAUM $1.5B, up 208% from $489.0M (2017-03-21 to 2018-04-16)
    Apr 16, 2018 · RAUM change · derived
  • I••••• L•• filed its initial SEC registration (Form ADV)
    Dec 23, 2014 · First SEC registration · fact
Across DFX
shared identifiers only, never a name match
How to reach
public business contact points only, each with its source
Website
paradigmpcm.comreportedpublic record, Form ADV, Sep 18, 2026
Principal office phone
7868713411reportedpublic record, Form ADV, Mar 31, 2026
Provenance
Form ADV
SEC filing data 2011 to 2024 and the monthly roster 2025 onreportedadviserinfo.sec.gov
Advisors
IAPD individual compilation feed, dailyreportedadviserinfo.sec.gov
Class
Asset manager (funds and pooled vehicles)deriveda rule over Items 5.D and 7.A
RAUM per advisor
$725Mderivedfirm RAUM over the IAPD count; not a book size
Loaded
Sep 14, 2026