Prospect Ridge
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Overview
Prospect Ridge operates as a financial advisory company that has its headquarters in New York, New York. The company oversees $4.0 billion in assets under management throughout 26 accounts, making it one of the largest investment advisory firms in the nation by assets under management (AUM). The firm has an average-sized team, including 41 financial advisors. Prospect Ridge does not act as a registered broker-dealer, signifying that the company cannot buy and sell securities for its own accounts as well as its clients' and instead is required to go through a broker-dealer company to do so. Securities are defined as tradable fiscal assets such as bonds, stocks and options.
Prospect Ridge administers 13 of the company's client assets on a discretionary basis. Discretionary management means that a portfolio manager makes buy and sell judgments for the client's account without needing to seek client authorization. The firm also has 13 non-discretionary accounts totaling $557.3 million in assets. The company manages about $153.0 million in assets for each client account. The typical advisor at Prospect Ridge oversees fewer than one client account, placing it among the most individualized financial advisor firms in the country.
The company's headquarters is at 640 Fifth Avenue, New York, New York 10019. It is registered to provide services to clients across a few states, including California and Tennessee.
Assets Under Management
Number of Advisors
Disclosures
Office Location
Prospect Ridge by the Numbers
$4.0 billion
41
26
$153.0 million
Fee Structure
Financial management fees typically depend on which services the firm provides the client. Fees billed by the firm likely are comprised of the following fee structures: asset-based, performance-based or other. Wrap fee programs, or the practice of bundling services for a single fee, are not offered by the firm.
Available
-
Offered by 69% of firms
Percentage of Assets
-
Offered by 26% of firms
Performance-based
-
Offered by 10% of firms
Other
Unavailable
Types of Clients
It caters to pooled investment vehicles. Out of its 26 accounts, Prospect Ridge's largest client is pooled investment vehicles. Just 4% of its clients reside abroad.
- 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
Prospect Ridge 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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