P
Prosper Financial
Updated today
Data sourced from SEC public records (and other sources when available). Refreshed weekly • Updated today.
Total assets under management
$97,422,000
This total excludes 1 entity clients. Entities are clients such as corporations, partnerships, or trusts.
Total clients
48
73% high-net worth
Total advisors
1
of 1 employees
Firm size
Independent
1 advisor
Average clients per advisor
48
Average account size
$2,029,625
About
Prosper Financial serves individuals, estates, trusts and a donor‑advised fund, providing tailored investment management and ongoing financial planning. Planning is generally delivered through regular discussions and updates rather than formal, extensive written plans, though short written summaries are available on request.
The firm customizes portfolios using both fundamental and technical analysis and commonly emphasizes dollar‑cost averaging, periodic rebalancing, and low‑cost funds; strategies range from buy‑and‑hold to tactical allocation or individual security selection based on client goals and risk tolerance. Account reviews are performed by the firm’s principal as market conditions warrant and at least annually, and clients rely on custodian statements rather than routine firm‑prepared reports.
What distinguishes the firm from many peers is its affiliation with an active law practice: the principal is a licensed attorney and tax return preparer who spends substantially more time in legal practice than in advisory work (roughly 30 hours versus 15 hours per week), which the firm says can inform tax and legal aspects of client matters. The principal also holds non‑public passive investments and the firm has disclosed policies to mitigate conflicts if such investments are ever discussed with clients (including a walkaway clause and no advisory fee on those investments); the firm also declines authority to vote client securities and requires specific custodial arrangements for discretionary authority.
Client services
Financial planning
Portfolio management
Expertise
Life insurance needs analysis
Disability insurance
Retirement income strategy
Income planning
Fee options
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
Main office location
Prosper Financial
Colorado Springs CO, United States
Number of offices
1
Most active in
Prosper Financial has reported serving >5 clients in these states in the last 12 months.
Colorado · Kentucky · Tennessee
Disclosures
Firm disclosures are reported in Form ADV Part 1A, Item 11. They include criminal charges, regulatory actions, civil proceedings, and professional disciplinary events involving the firm or its advisory affiliates.
Exclamation point means they have disclosures of this type. Check mark means no disclosures of this type were found.
Business activities & affiliations
These affiliations may expand the services this firm offers and, in some cases, how they are compensated.
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.
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Broker-dealer / trader
They provide brokerage services and may earn transaction-based compensation in addition to advisory fees.
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Bank
They're affiliated with a bank that may offer its own financial products and services.
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Trust company
They provide trust and estate administration services, typically for separate fees.
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Fund sponsor
They manage or sponsor investment funds and may earn management or performance-based fees if clients invest in them.
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Accountant / CPA / tax prep
They offer tax and accounting services, typically for separate fees.
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Real estate agent
They facilitate real estate transactions and may earn commissions.
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Other specialized services
They may provide services such as pension consulting or municipal advisory work, typically for separate fees.
Forms ADV
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