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Paradiem
Paradiem was established in 2011 in Covington, Louisiana, by Todd and Richard Moll to serve the investment and planning needs of high-net-worth families in the...
Paradiem
Paradiem was established in 2011 in Covington, Louisiana, by Todd and Richard Moll to serve the investment and planning needs of high-net-worth families in the region. The firm operates as a registered investment advisor, moving beyond transactional brokerage into fiduciary advisory — a structural choice that bound the firm to client interests from day one. Its founding concentrated on families who had built wealth through closely held operating businesses and real estate across the Gulf South. The advisory model spans liquid and illiquid strategies. On the liquid side, the firm constructs concentrated equity portfolios, often using direct indexing to manage tax outcomes. In private markets, Paradiem allocates client capital to private equity, private credit, and real estate vehicles, typically through fund commitments and select direct co-investments alongside established managers. The firm's client base is rooted in Louisiana but extends to families throughout the Southeast. Confirmed partnerships include allocations to managers operating in middle-market buyouts and regional real assets. The team includes around a dozen professionals operating from the Covington headquarters. The firm does not maintain additional offices, keeping operations deliberately lean. In September 2023, Paradiem formally codified its succession and governance structure, promoting Todd Moll to CEO while Richard Moll transitioned to Chairman — a multi-year evolution designed to separate ownership, governance, and day-to-day management (per the firm, September 2023). What distinguishes Paradiem is its fiduciary-only structure combined with a deliberate refusal to scale beyond the Gulf South footprint. The firm does not pursue institutional mandates or national aggregation. Instead, it has built a governance architecture that separates family ownership from portfolio management, addressing the succession question that trips most regional RIAs. By binding advisor compensation to portfolio outcomes without product commissions, the firm offers a structural alignment uncommon among bank-affiliated competitors in the region.
General information
Firm type
Bank / Wealth / Trust
Year founded
2011
AUM
Undisclosed
Location
Region
North America
Country
United States
City
Covington
Corporate office
Covington, LA, United States
Principals
Todd B. Moll
President and CEO
Richard C. Moll
Chairman
Frequently asked questions
Who runs investment decisions at Paradiem?
Todd B. Moll serves as President and CEO, leading the firm's investment strategy and portfolio construction. He is supported by an internal investment committee that reviews manager selection and asset allocation. The firm's governance transition in September 2023 formalized this structure.
Is Paradiem structured as a fiduciary or a broker-dealer?
Paradiem operates as a registered investment advisor, bound by a fiduciary duty to place client interests first. This means the firm does not earn product commissions or transaction-based revenue. The structure was chosen at founding to align advisor incentives with long-term portfolio outcomes.
How does Paradiem source private market opportunities for its clients?
The firm pursues private market exposure predominantly through fund commitments to established middle-market private equity, private credit, and real estate managers. Select direct co-investments are made alongside these managers when clients require deeper exposure. Sourcing leans on relationships cultivated in the Southeast and Gulf Coast regions.
Does Paradiem serve institutional investors or only private families?
Paradiem focuses exclusively on high-net-worth individuals, multi-generational families, and their related charitable organizations. The firm has not pursued institutional separate accounts or public pension mandates. This client concentration shapes everything from reporting cadence to tax-management strategy.
What is Paradiem's approach to tax management?
Tax efficiency is central to the firm's liquid-portfolio construction. Paradiem employs direct indexing — separately managed accounts that replicate an index's economic exposure while harvesting individual stock losses. This strategy is particularly relevant for clients with concentrated positions from legacy operating businesses.
How is Paradiem managing succession?
The firm completed a formal leadership transition in September 2023, with Todd Moll assuming the CEO role and Richard Moll becoming Chairman. The separation of governance, ownership, and day-to-day management was designed to ensure continuity across client generations, a structural challenge for many regional RIAs.
What geographic markets does Paradiem primarily serve?
Paradiem's client base is concentrated in Louisiana and the Gulf South, with additional family relationships extending across the Southeast. The firm has not expanded into additional office locations, maintaining a single headquarters in Covington, Louisiana.
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