PROSPERITY CAPITAL ADVISORS

RIASEC RegisteredEst. 2011

Total AUM

$4.4B

Discretionary

$4.4B

100% of AUM

Avg account

$265K

Accounts

16,541

Employees

244

Advisory reps

107

Firm details

Headquarters: WESTLAKE, Ohio
CRD number: 156480
Registered since: March 22, 2011
Website: prosperitycapitaladvisors.com
Custodians: CHARLES SCHWAB & CO., INC., FIDELITY DISTRIBUTORS COMPANY LLC, THE NORTHERN TRUST INTERNATIONAL BANKING CORPORATION, ASSETMARK TRUST CO.
Fee structure: Percentage of AUM, Hourly Charges, Fixed Fees
Client types: HNWI47.69%
Individuals38.5%
Insurance Companies12.33%
Pension & Profit Sharing Plans0.75%
Corporations / Businesses0.68%
Services: Financial PlanningPortfolio Management for IndividualsPortfolio Management for Institutional ClientsSelection of Other AdvisersEducational Seminars / Workshops

Firm profile

FINTRX

Overview

Prosperity Capital Advisors is an independent registered investment adviser that has been SEC-registered since 2011 and describes itself as a capital allocator serving both individuals/families and institutional clients. The firm offers a mix of fee arrangements (percentage of AUM, hourly, and fixed fees) and provides financial planning, portfolio management for individuals and for businesses/institutions, manager selection, and educational programs. It also operates in related broker and transactional roles — acting as a registered representative of a broker-dealer and maintaining real estate brokerage, insurance brokerage, and accounting activities — which supports a broader set of client solutions such as insurance and real estate transactions. Prosperity Capital Advisors was named a Top RIA by FA Magazine in 2020. The firm does not identify as an active ESG investor.