Prospector Partners, LLC
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Overview
Prospector Partners, LLC operates as a financial advisor firm located in Guilford, Connecticut. It manages $671.8 million in assets throughout seven client accounts, making it one of the larger financial advisory firms in the United States by assets under management (AUM). The company has a small group, including 9 financial advisors. Prospector Partners, LLC is not a registered broker-dealer, meaning it is not able to buy and sell securities for its customers' and own accounts and instead must go through a broker-dealer company to do so. Securities are defined as tradable financial assets like options, equities and bonds.
Prospector Partners, LLC administers all of the company's accounts on a discretionary basis. Discretionary management is a structure in which an investment advisor has the discretion to make buy and sell choices for the client's account without requiring client approval. The investment advisory firm administers about $96.0 million in assets for each account. The average financial advisor at Prospector Partners, LLC administers fewer than one client account, placing it among the most individualized financial advisor firms in the country.
Prospector Partners, LLC's headquarters is at 370 Church Street, Guilford, Connecticut 6437. The firm is legally allowed to serve investors across a few states, including Connecticut, Florida and Wyoming.
Assets Under Management
Number of Advisors
Disclosures
Office Location
Prospector Partners, LLC by the Numbers
$671.8 million
13
7
$96.0 million
Fee Structure
A financial advisor's fees largely are based on which service is provided. Fees charged by Prospector Partners, LLC most likely include some combination of the following fee structures: asset-based or performance-based. Prospector Partners, LLC does not provide a wrap fee program, in which the company offers a service bundle for a single fee.
Available
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Offered by 69% of firms
Percentage of Assets
-
Offered by 26% of firms
Performance-based
Unavailable
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Find one of the 21% of firms that offer this fee type
Hourly
-
Find one of the 1% of firms that offer this fee type
Commissions
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Find one of the 0% of firms that offer this fee type
Subscription
-
Find one of the 32% of firms that offer this fee type
Fixed
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Find one of the 10% of firms that offer this fee type
Other
Types of Clients
Prospector Partners, LLC provides services to investment companies, pooled investment vehicles, state or municipal government entities and insurance companies. Out of its seven customers, Prospector Partners, LLC's largest client group is pooled investment vehicles. None of the firm's customers are represented by non-U.S. persons.
- High-Net-Worth Individuals* - 0%
- Other Individuals - 0%
- Corporations - 100%
- Charitable Organizations - 0%
* The U.S. Securities and Exchange Commission (SEC) defines a high-net-worth individual as someone who has at least $750,000 under management.
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Disclosures
Prospector Partners, LLC does not have any disclosures.
Please visit its Form ADV for more details.
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The content in this profile was updated by SmartAsset on 4/16/2023. All advisor details come from publicly available data, and we cannot guarantee the accuracy of the content. We are unable to make individual profile updates. If you want your profile removed temporarily or permanently, please contact profile-compliance@smartasset.com.
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