Prospect Financial Group LLC

Prospect Financial Group provides fee-only financial planning and discretionary investment management to individuals, high‑net‑worth clients, and retirement plans. The firm reports managing roughly $204.4 million in discretionary assets for a relatively small client base and operates under a fiduciary standard.

The firm uses a strategic asset‑allocation framework, typically implementing allocations with mutual funds, exchange‑traded funds, or separately managed accounts and rebalancing portfolios periodically. In certain client‑specific situations Prospect may allocate a portion of a portfolio to a separately managed stock account—either managed directly or via a third‑party manager—which it monitors and can replace if performance or style diverges from client guidelines; the firm also monitors held‑away retirement accounts using data aggregation and can request trades through an order management system.

Distinctive features include the selective use of separately managed accounts for stock allocations—an arrangement the brochure treats as reserved for unique circumstances and which can involve additional third‑party manager fees and active oversight. Combined with the firm’s relatively high assets per client and its documented processes for vetting, monitoring, and transitioning separate managers, these practices set it apart from many similarly structured supported firms.