Prospera Financial Services Inc.

Prospera Financial Services Inc.


5429 LBJ Freeway, Suite 400

Dallas, TX 75240

(972) 581-3000

Clearing firm: First Clearing LLC, Pershing LLC

No. advisers: 127

AUM: $7,700,000,000

Year founded: 1982

Year end: June 30

No. of retail offices: 86

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Additional data available to subscribers:
  • No. of reps, male
  • No. of reps, female
  • No. of producing reps, male
  • No. of producing reps, female
  • No. of reps producing $500K+ /year
  • No. of CFPs
  • No. of full-time employees
  • No. of fee-based advisers served
  • Average payout per rep, per year
  • Avg. annual production of top 20% reps
  • Total payout, per year
  • Cost of E&O insurance per rep, per year
  • Affiliation fees charged per rep, per year
  • Affiliation fee coverage
  • Securities revenues
  • Securities revenues: Stocks
  • Securities revenues: Bonds
  • Securities revenues: ETFs
  • Securities revenues: Other
  • Mutual fund revenues
  • Annuities revenues
  • Annuities revenues: Fixed
  • Annuities revenues: Variable
  • Annuities revenues: Other
  • Insurance revenue
  • Insurance revenues: Life
  • Insurance revenues: Disabilities
  • Insurance revenues: LTC
  • Insurance revenues: Other
  • Alternative revenues
  • Alternative revenues: Hedge funds
  • Alternative revenues: Managed futures
  • Alternative revenues: Private placements
  • Alternative revenues: REITs
  • Alternative revenues: Other
  • Other commission revenues
  • Fee revenues: Rep-managed accounts
  • Fee revenues: Firm-managed accounts
  • Fee revenues: Outside-managed accounts
  • Fee revenues: Other
  • Fee-based assets: Clearing firm
  • Fee-based assets: Advisory firm platforms
  • Fee-based assets: Third-party money managers
  • Fee-based assets: Other
  • Is the firm, or an affiliate of the firm, registered as an investment adviser with the SEC?
  • Allows an adviser to have his/her own RIA
  • RIA platform AUM
  • Offers robo-advisory platform?
  • If not, when plans to offer a robo-platform
  • Robo-advice services offered
  • How robo-platform developed
  • Charge for robo-advisory services?

For More Information

CEODavid W. Stringer
Recruiting ContactTim Edwards
(972) 581-3007
Compliance ContactAbel Garcia
(972) 581-3020
Marketing ContactTarah M. Carlow
(972) 581-3015
Technology Operations ContactJohn West
(972) 581-3045

Recruitment & Staffing

2018 2017 2016
No. of reps127135135
No. of producing reps127135135
No. of reps producing $100K-$499K /year787273

Payout grid is available to Data Center subscribers only.

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2018 2017 2016
Total revenues$54,156,438$50,793,307$43,754,308
Commission revenues$23,988,270$25,640,223$21,384,158
Fee revenues$26,514,253$20,924,412$18,679,529
Total revenues: Other$3,653,915$4,228,672$3,690,622
2018 2017 2016
Total account assets$7,700,000,000$7,056,448,234$6,482,744,348
Fee-based assets$2,500,000,000$1,995,571,003$1,548,097,703
Total account assets: Other$5,200,000,000$5,060,877,231$4,934,646,645
Average assets per rep$60,629,921$52,269,987$48,020,329
Social Media & Mobile
Allows advisers to use social mediaY
Social media sites allowedFacebook
Dedicated mobile application for advisers?Y
Primary purpose of mobile applicationProcess direct business, CRM system, data aggregation, etc.

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  • 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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