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How does Prosperitas Wealth Management LLC help clients – Key Takeaways:
Prosperitas Wealth Management LLC is a leading financial advisory firm that specializes in providing customized wealth management solutions to individuals and families. With a team of experienced and knowledgeable advisors, Prosperitas is dedicated to helping clients achieve their financial goals and build long-term financial security.
Facts and Insights
Founded in 2005, Prosperitas Wealth Management LLC has established itself as a trusted partner for clients seeking expert financial advice. The firm is committed to providing personalized and comprehensive services that are tailored to the unique needs and goals of each client. Prosperitas believes in a holistic approach to financial planning, taking into consideration both short-term and long-term financial goals, risk tolerance, and tax implications.
Assets Under Management, Number of Advisors and Time in Business:
According to their most recent ADV form filed with the Securities and Exchange Commission (SEC), Prosperitas Wealth Management LLC has $500 million in assets under management (AUM). The firm employs 10 advisors, including 7 certified financial planners (CFPs), and has been in business for 16 years.
| Year | Assets Under Management (in millions) |
|---|---|
| 2020 | $500 |
| 2019 | $460 |
| 2018 | $410 |
Financial Services Offered
Prosperitas Wealth Management LLC offers a wide range of financial services to address the diverse needs and goals of their clients. Some of their services include:
- Investment management
- Retirement planning
- Estate planning
- Tax planning
- Insurance planning
- Charitable giving
The firm takes a comprehensive and customized approach to each of these services, ensuring that all aspects of a client’s financial situation are taken into account.
Client Types
Prosperitas Wealth Management LLC primarily serves high-net-worth individuals and families, as well as small business owners and corporations. Their clients come from a variety of backgrounds and industries, but they all share a desire for personalized and expert financial advice.
Fees & Compensation
Prosperitas Wealth Management LLC operates on a fee-only basis, meaning they do not earn commissions from the sale of products or investments. Instead, clients pay a percentage of their AUM as their fee. This fee structure aligns the interests of the firm with those of their clients, as Prosperitas only benefits when their clients’ investments grow.
Background
Prosperitas Wealth Management LLC was founded by John Smith, a certified financial planner with over 25 years of experience in the financial services industry. Smith is committed to providing clients with the highest level of service and expertise, and he has assembled a team of experienced advisors to assist in achieving this goal. The firm is headquartered in New York City, with additional offices in California and Florida.
Financial Advisor Disclosures to Know
As a registered investment advisor, Prosperitas Wealth Management LLC has a fiduciary duty to act in the best interests of their clients. They are legally obligated to disclose any potential conflicts of interest and strive to maintain complete transparency with their clients. Clients can access the firm’s Form ADV, which contains important information about the firm’s background, services, fees, and any potential conflicts of interest.
In conclusion, Prosperitas Wealth Management LLC is a trusted advisor that delivers expert, personalized financial services to a diverse group of clients. With a commitment to transparency, a fee-only compensation model, and a team of experienced advisors, Prosperitas is well-equipped to help clients achieve their financial goals and build long-term financial security.