Prospera Financial Services Inc.
5429 LBJ Freeway, Suite 400
Dallas, TX 75240
Clearing firm: First Clearing LLC, Pershing LLC
No. advisers: 135
Year founded: 1982
Year end: June 30
No. of retail offices: 86
Recruitment & Staffing
|No. of reps||135||135||127|
|No. of producing reps||135||135||127|
|No. of reps producing $100K-$499K /year||72||73||92|
|Total revenues: Other||$4,228,672||$3,690,622||$2,134,601|
|Total account assets||$7,056,448,234||$6,482,744,348||$5,773,766,267|
|Total account assets: Other||$5,060,877,231||$4,934,646,645||$4,126,457,023|
|Average assets per rep||$52,269,987||$48,020,329||$45,462,727|
|Social Media & Mobile|
|Allows advisers to use social media||Y|
|Social media sites allowed||Facebook|
|Dedicated mobile application for advisers?||Y|
|Primary purpose of mobile application||Process direct business, CRM system, data aggregation, etc.|
April 30, 2018 - A trade association representing independent broker-dealers and financial advisers is calling on Finra to allow firms to decide for themselves whether to supervise their representatives' work for third-party investment advisory firms. Earlier this year,...
May 9, 2017 - Nine financial firms agreed Tuesday to adopt a fee disclosure template developed by state regulators and other groups that is designed to help clients understand and compare service and maintenance costs. The North American Securities Administrators Association,...
January 22, 2017 - The 2017 InvestmentNews independent-broker-dealer directory is based on information provided by 90 eligible firms. To be considered for future listings, contact INResearch@investmentnews.com. Visit InvestmentNews.com/bddata for more-complete profiles....
May 18, 2016 - Nebraska regulators have been exonerated from taking to task an adviser for characterizing President Barack Obama as “evil” and a “communist” when they contacted LPL Financial regarding concerns about the adviser's unusual advertising – including...
April 13, 2016 - Financial advisers shopping around for new employers have shown they like their independence. The biggest moves by advisers in the first quarter were to independent broker-dealers, as teams managing at least $1 billion joined firms including Raymond James...
September 28, 2015 - Top players from around the financial services industry — state regulators, Finra, trade groups and three broker-dealers — proposed a fee disclosure model Monday they say would help clarify charges investors pay. The online disclosure template would...
September 11, 2014 - After a report found that fee disclosures lost their effectiveness when hidden in small print and lengthy documents, a new group of regulators and broker-dealer firms is joining together to develop an easy-to-read model fee disclosure for customers. The...
- N/A = Not available
- N/D = Not disclosed
- — = Information not available or not disclosed
All 2011-2016 recruitment and staffing data is as of Dec. 31 in the calendar year displayed. Prior year recruitment and staffing data is as of Sept. 30. All financial figures are for firms' year end, unless noted.
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