Prosperity Wealth Management, Inc
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Learn more about Prosperity Wealth Management, Inc
Overview
Prosperity Wealth Management, Inc is an advisory company based in San Ramon, California. The company handles $217.2 million in assets over 1,330 customer accounts, placing it in the mid-tier of firms in the nation by assets under management (AUM). The firm has an average-sized group, including 45 financial advisors. Prosperity Wealth Management, Inc is not a registered broker-dealer, signifying that the firm is not able to buy and sell securities for its clients' and own accounts and instead is required to go through a broker-dealer firm to do so. Securities are defined as tradable financial investments such as stocks, bonds and options.
Prosperity Wealth Management, Inc manages all of the firm's client assets on a discretionary basis. Discretionary management means that a portfolio manager has the discretion to make transaction decisions without requiring the client's authorization. Prosperity Wealth Management, Inc oversees roughly $163,284 in assets for every customer account. An average advisor at Prosperity Wealth Management, Inc administers about 30 client accounts, making it about average in terms of personalization.
Prosperity Wealth Management, Inc's main office is located at 2333 San Ramon Valley Blvd., San Ramon, California 94583. Prosperity Wealth Management, Inc is registered to serve clients throughout 25 U.S. states and territories.
Assets Under Management
Number of Advisors
Disclosures
Office Location
Prosperity Wealth Management, Inc by the Numbers
$217.2 million
50
1,330
$163.3 thousand
Products and Services
Prosperity Wealth Management, Inc offers a number of financial services, which can include financial planning services, portfolio management for individuals and small businesses and selection of other advisers. In the last financial year, the company provided financial planning services to 11-25 of its customers. Prosperity Wealth Management, Inc is engaged in selling products or offering services aside from investment advice to its customers. The company is also affiliated with one or more other companies in the financial services industry, including with a broker-dealer or securities dealer.
Core Advisor Services
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Offered by 31% of firms
Financial Planning Services
This is the process of planning for your financial future, including for events such as retirement, your child's college education or estate succession.
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Offered by 46% of firms
Portfolio Management
This is the selection and management of an investment mix and portfolio strategy for individuals and small businesses.
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Market Timing Services
This is the practice of attempting to make short-term profits on investments by buying low and selling high.
Other Services
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Offered by 20% of firms
Selection of Other Advisors
This is the firm's assistance with choosing other advisors to work with who may have different specialties.
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Publication of Periodicals
This is the publication of various financial education materials.
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Educational Seminars/Workshops
This is the hosting of seminars or workshops to educate investors on financial concepts.
Fee Structure
Financial advisory fees largely vary depending on which services are provided. Fees billed by the firm can be comprised of any combination of the following fee types: asset-based, hourly or fixed. Prosperity Wealth Management, Inc does not participate in a wrap fee program, in which the company offers a bundle of services for a single fee.
Available
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Offered by 69% of firms
Percentage of Assets
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Offered by 21% of firms
Hourly
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Offered by 32% of firms
Fixed
Unavailable
Types of Clients
The company works with retail investors, high net worth investors and pension plans. Out of its 1,330 clients, Prosperity Wealth Management, Inc's biggest client is retail investors, but it also serves 50 high-net-worth individuals. A high-net-worth individual is defined by the SEC as a person who has at least $750,000 in AUM or a net worth of at least $1.50 million or who is deemed a "qualified purchaser" (a standard met by having at least $5 million in investments). None of the company's clients are non-U.S. persons.
- High-Net-Worth Individuals* - 3.76%
- Other Individuals - 96.17%
- Corporations - 0.08%
- 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
Prosperity Wealth Management, Inc does not have any disclosures.
Please visit its Form ADV for more details.
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Financial Advisors at Prosperity Wealth Management, Inc
San Ramon, CA
Shreveport, LA
Souderton, PA
San Ramon, CA
San Diego, CA
Marietta, GA
San Ramon, CA
San Ramon, CA
San Ramon, CA
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