The Connecticut-based business is now a registered investment advisor, and has hired Charles Schwab as its custodian.

The US-based wealth management firm Paradigm Financial Partners has been established as a SEC Registered Investment Advisor.

As part of its change, Paradigm will use Charles Schwab as its primary custodian. The firm, headquartered out of Westport, Connecticut, has also partnered with Merchant, a firm whose senior partners formerly held executive management positions in large financial services firms in the institutional asset management and wealth management space.

“Becoming an RIA is the best way for us to continue our approach to serving clients and to provide a more robust planning and investment platform,” Lee Rawiszer, managing principal, said.

Rawiszer and fellow managing principal David Halper have worked together since 2003, originally as Halper-Rawiszer Financial Group. Paul Volpe, a managing principal and director of wealth management, joined them that same year after selling his own company. Paradigm serves high net worth families in film, television, music, sports as well as business owners and physicians in all areas of financial management.