Advisor at Prosper Financial
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Firm
Prosper Financial
Location
Colorado Springs, CO
Credentials
Series 65
Industry experience
15 years
Richard Pearce is a financial advisor at Prosper Financial with 15 years of industry experience. He holds a Series 65 designation and has worked at Cook Rector Pearce and Litchford, Pearce & Associates, PLLC. Outside of advisory work, he serves as a member and manager of White Orchid Mountain Properties, LLC, a business consulting firm focused on real estate, where he performs legal and administrative services. Prosper Financial provides investment management and financial planning services to individuals, estates, trusts, and a donor-advised fund. The firm uses a combination of fundamental and technical analysis to tailor portfolios, emphasizing strategies such as dollar-cost averaging, periodic rebalancing, and low-cost funds, with account reviews conducted by the principal as market conditions warrant.
Based on Prosper Financial
Flat annual fee for ongoing investment management and financial planning services, typically ranging from $2,000 to $10,000 per year, paid quarterly
$0 - $2,000,000: 0.50% (Buy and hold investing with annual rebalancing) $2,000,000 - $4,000,000: 0.40% (Buy and hold investing with annual rebalancing) $4,000,000+: 0.30% (Buy and hold investing with annual rebalancing) $0 - $2,000,000: 0.70% (Tactical asset allocation or other strategies requiring quarterly or monthly reviews) $2,000,000 - $4,000,000: 0.60% (Tactical asset allocation or other strategies requiring quarterly or monthly reviews) $4,000,000+: 0.50% (Tactical asset allocation or other strategies requiring quarterly or monthly reviews) $0 - $2,000,000: 1.00% (Individual security selection or other strategies requiring more frequent than monthly reviews) $2,000,000 - $4,000,000: 0.90% (Individual security selection or other strategies requiring more frequent than monthly reviews) $4,000,000+: 0.80% (Individual security selection or other strategies requiring more frequent than monthly reviews)
$375.00 per hour for one-time financial planning and/or investment management advice
Fee-only: $375.00 per hour for one-time financial planning and/or investment management advice; Flat annual fees typically ranging from $2,000 to $10,000 for ongoing investment management and financial planning services
Colorado Springs, CO
Colorado · Kentucky · Tennessee
Cook Rector Pearce
2024 - Present (2 years)
Litchford, Pearce & Associates, PLLC
2019 - Present (7 years)
Prosper Financial Management, Llc
2012 - Present (14 years)
Exclamation point means they have disclosures of this type. Check mark means no disclosures of this type were found.
Is active or affiliated with:
Lawyer
They provide legal services, typically billed separately.
Is not active or affiliated with:
Insurance agent
They sell insurance products and may earn commissions on those sales.
Broker-dealer / trader
They provide brokerage services and may earn transaction-based compensation in addition to advisory fees.
Bank
They're affiliated with a bank that may offer its own financial products and services.
Trust company
They provide trust and estate administration services, typically for separate fees.
Fund sponsor
They manage or sponsor investment funds and may earn management or performance-based fees if clients invest in them.
Accountant / CPA / tax prep
They offer tax and accounting services, typically for separate fees.
Real estate agent
They facilitate real estate transactions and may earn commissions.
Other specialized services
They may provide services such as pension consulting or municipal advisory work, typically for separate fees.
Series 65
Colorado Springs, CO
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