Don, the founder of Paramount Wealth Management, has been helping people pursue their financial goals and prepare for significant life events, such as retirement, for more than 37 years. He holds the Series 24 securities license, entitling him to manage and supervise branch activities. In addition to his extensive financial industry experience, he applies the specialized knowledge gained from the professional designations he holds. Clients appreciate his passion, honesty and candor when addressing the important financial matters in their lives.

As a CERTIFIED FINANCIAL PLANNER™ practitioner, Accredited Investment Fiduciary™ and Certified Retirement Counselor™, Don has areas of expertise in personal financial planning, retirement accumulation and distribution planning, corporate retirement plan design, implementation and operation, and fiduciary issues.

Don established Hershberger & Associates in 1981, which evolved into Paramount Wealth Management.

Don was named on the 2020 Forbes Best-in-State Wealth Advisor list.

Don is a graduate of Jackson Business University, where he studied business and accounting.

Don is a member of the Financial Planning Association, Financial Services Institute, and the National Federation of Independent Business.

Originally from Jackson, Michigan, Don lives in Onsted, Michigan, with his wife, Mary Anne. He has two children, Candace and Donald. The entire family works together at the firm.

In his free time, Don enjoys golf, water activities, traveling, college sports, supporting student-athletes, and spending time with his family. He is a member of St. Mary’s Catholic Church.


The above mentioned organizations are not affiliated with Raymond James.

† The Forbes ranking of Best-In-State Wealth Advisors, developed by SHOOK Research, is based on an algorithm of qualitative criteria, mostly gained through telephone and in-person due diligence interviews, and quantitative data. Those advisors that are considered have a minimum of seven years of experience, and the algorithm weights factors like revenue trends, assets under management, compliance records, industry experience and those that encompass best practices in their practices and approach to working with clients. Portfolio performance is not a criteria due to varying client objectives and lack of audited data. Out of approximately 32,000 nominations, more than 4,000 advisors received the award. This ranking is not indicative of advisor’s future performance, is not an endorsement, and may not be representative of individual clients’ experience. Neither Raymond James nor any of its Financial Advisors or RIA firms pay a fee in exchange for this award/rating. Raymond James is not affiliated with Forbes or Shook Research, LLC. Please visit for more info.


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