Hedge Fund Database

PROSPERA FINANCIAL SERVICES, INC.

Adviser information for PROSPERA FINANCIAL SERVICES, INC. last updated from Form ADV on January 18th, 2024. Select data displayed; additional Form ADV, Form D, Form 13F and other data is available from the Fincoded API.

Advisory Business

Type of Organization Corporation
Fiscal Year End JUNE
Legal Location Texas, United States

Employees

Total Number of Employees 240
Investment Advisory/Research 156
Registered Broker-Dealer Representatives 163
Registered State Investment Advisers 190
Licensed Agents of an Insurance Company 158
No. of Firms/People that Solicit Clients 3

RAUM

Provides Management of Securities Portfolios Yes
Type Accounts RAUM
Discretionary 12,731 $4.9B
Non-Discretionary 8,184 $3.0B
Total 20,915 $7.9B

Clients

Type Number RAUM
Individuals 8,475 $2.7B
HNW Individuals 5,053 $3.9B
Banking or thrift institutions 0 $0
Investment companies 0 $0
Business development companies 0 $0
Pooled investment vehicles 2 $19.8M
Pension and profit sharing plans 205 $782.6M
Charitable organizations 87 $124.3M
State or municipal gov entities 0 $0
Other investment advisers 0 $0
Insurance companies 1 $603,063
Sovereign wealth funds and foreign official institutions 0 $0
Corporations or other businesses 145 $281.7M
Other 2 $118.3M
Type Number
No. of Non-RAUM Clients 3
No. of Non-U.S. Clients 0
No. of Financial Planning Clients 11-25

Services

Advisory Services Financial planningPortfolio management for individuals and/or small businessesPortfolio management for pooled investment vehiclesPortfolio management for businesses or institutional clientsPension consulting servicesSelection of other advisers (including private fund managers)
Compensation % of AUMHourly chargesFixed feesCommissionsPerformance-based feesPERCENTAGE OF ASSETS UNDER REVIEW
Other Business Activities Broker-dealer

Wrap Fee Program

Offers Wrap Fee Program Yes
Acting As RAUM
Sponsor 0
Portfolio Manager 4.9B
Both for Same 2.1B
Portfolio Manager to Program Sponsor
FUNDSOURCE WELLS FARGO CLEARING SERVICES, LLC
ALLOCATION ADVISORS WELLS FARGO CLEARING SERVICES, LLC
PERSONALIZED UNIFIED MANAGED ACCOUNT WELLS FARGO CLEARING SERVICES, LLC
PRIVATE INVESTMENT MANAGEMENT (PIM) WELLS FARGO CLEARING SERVICES, LLC
SUMMIT PROSPERA FINANCIAL SERVICES, INC.
CUSTOM CHOICE WELLS FARGO CLEARING SERVICES, LLC
COMPASS WELLS FARGO CLEARING SERVICES, LLC
CUSTOMIZED PORTFOLIOS WELLS FARGO CLEARING SERVICES, LLC
DIVERSIFIED MANAGED ALLOCATIONS WELLS FARGO CLEARING SERVICES, LLC
MASTERS WELLS FARGO CLEARING SERVICES, LLC
PRIVATE ADVISOR NETWORK WELLS FARGO CLEARING SERVICES, LLC
ADVISOR AS PORTFOLIO MANAGER ENVESTNET
SEPARATELY MANAGED ACCOUNT ENVESTNET
UNIFIED MANAGED ACCOUNT ENVESTNET
ASSET ADVISOR WELLS FARGO CLEARING SERVICES, LLC

Identifiers

SEC RIA File Number 801-65845
SEC ERA File Number 801-65845
SEC CIK Numbers None
SEC CRD Numbers 10740
Legal Entity Identifier None

Principal Office

5429 LBJ FREEWAY
SUITE 750
DALLAS
TX
United States
Monday - Friday, 8:00AM - 4:00PM
Tel: 972-581-3000, Fax: 972-581-3001

Websites

www.prosperafinancial.com twitter.com/prosperafinsvcs www.linkedin.com/company/prospera-financial www.facebook.com/prosperafinancialservices launchyourway.com/ pfitrading.com/ corengine.my.site.com/corengine prospera.mysite.com/pfslightning ftptoday.com/

Chief Compliance Officer

ROBERT COULTER
CCO
5429 LBJ FREEWAY
SUITE 750
DALLAS
TX
United States
Tel: 972-581-3000
Fax: 972-581-3001
(Full email address available in API data)

Regulatory Contact

SANDRA T RAY
LEGAL COMPLIANCE SPECIALIST
5429 LBJ FREEWAY
SUITE 750
DALLAS
TX
United States
Tel: 972-581-3021
Fax: 972-581-3001
(Full email address available in API data)

Industry Affiliates

PROSPERA LIFE AND ANNUITY SERVICES Insurance company or agency

Private Funds

Name Type Assets $USD Min Investment $USD No. Owners
None

Control Persons

Name Type Entity Title Since Ownership
EDWARDS, TIM ALAN Individual – CO-CEO 07/2021 < 5%
PASCUZZI, RICHARD DEAN Individual – EXECUTIVE VICE PRESIDENT, SECRETARY 05/1998 < 5%
STRINGER, DAVID WALTER Individual – CO-CEO 07/2021 < 5%
PASCUZZI, RICHARD DEAN Individual PROSPERA FINANCIAL, LLC SHARE HOLDER 07/2021 25-50%
EDWARDS, TIM ALAN Individual PROSPERA FINANCIAL, LLC SHARE HOLDER 07/2021 25-50%
STRINGER, DAVID WALTER Individual PROSPERA FINANCIAL, LLC SHARE HOLDER 07/2021 25-50%
KERN, EDWARD Individual – CHIEF FINANCIAL OFFICER 10/2017 < 5%
PROSPERA FINANCIAL, LLC Domestic Entity – HOLDING COMPANY 07/2021 > 75%
COULTER, ROBERT VINCENT Individual – CHIEF COMPLIANCE OFFICER 02/2022 < 5%
WILLIAMS, TARAH ELIZABETH Individual – PRESIDENT, CHIEF OPERATING OFFICER 10/2022 < 5%

No. Employees, Historic

30015002019202020212022202320242025190 on 4/16/2019190 on 8/13/2019186 on 9/30/2019186 on 10/25/2019186 on 12/23/2019186 on 1/14/2020186 on 4/30/2020186 on 6/30/2020199 on 9/30/2020199 on 10/21/2020199 on 11/23/2020199 on 1/19/2021199 on 3/17/2021199 on 4/19/2021199 on 7/14/2021199 on 7/20/2021217 on 9/28/2021217 on 9/29/2021217 on 9/30/2021217 on 10/11/2021217 on 10/27/2021217 on 11/26/2021217 on 12/15/2021217 on 1/3/2022217 on 2/16/2022217 on 2/17/2022217 on 2/25/2022217 on 2/25/2022242 on 9/30/2022242 on 10/6/2022242 on 10/18/2022242 on 12/19/2022242 on 4/19/2023242 on 4/19/2023242 on 5/22/2023240 on 9/29/2023240 on 11/27/2023240 on 1/18/2024

RAUM, Historic

8B4B020192020202120222023202420252548731894 on 4/16/20192548731894 on 8/13/20192801967071 on 9/30/20192801967071 on 10/25/20192801967071 on 12/23/20192801967071 on 1/14/20202801967071 on 4/30/20202801967071 on 6/30/20203369868229 on 9/30/20203369868229 on 10/21/20203369868229 on 11/23/20203369868229 on 1/19/20213369868229 on 3/17/20213369868229 on 4/19/20213369868229 on 7/14/20213369868229 on 7/20/20216717513413 on 9/28/20216717513413 on 9/29/20216717513413 on 9/30/20216717513413 on 10/11/20216717513413 on 10/27/20216717513413 on 11/26/20216717513413 on 12/15/20216717513413 on 1/3/20226717513413 on 2/16/20226717513413 on 2/17/20226717513413 on 2/25/20226717513413 on 2/25/20225921456412 on 9/30/20225921456412 on 10/6/20225921456412 on 10/18/20225921456412 on 12/19/20225921456412 on 4/19/20235921456412 on 4/19/20235921456412 on 5/22/20237913077866 on 9/29/20237913077866 on 11/27/20237913077866 on 1/18/2024

No. Clients, Historic

20,00010,000020192020202120222023202420255694 on 4/16/20195694 on 8/13/20196493 on 9/30/20196493 on 10/25/20196493 on 12/23/20196493 on 1/14/20206493 on 4/30/20206493 on 6/30/20207942 on 9/30/20207942 on 10/21/20207942 on 11/23/20207942 on 1/19/20217942 on 3/17/20217942 on 4/19/20217942 on 7/14/20217942 on 7/20/202111007 on 9/28/202111007 on 9/29/202111007 on 9/30/202111007 on 10/11/202111007 on 10/27/202111007 on 11/26/202111007 on 12/15/202111007 on 1/3/202211007 on 2/16/202211007 on 2/17/202211007 on 2/25/202211007 on 2/25/202212584 on 9/30/202212584 on 10/6/202212584 on 10/18/202212584 on 12/19/202212584 on 4/19/202312584 on 4/19/202312584 on 5/22/202313970 on 9/29/202313970 on 11/27/202313970 on 1/18/2024