Prosper Private Wealth

Prosper Private Wealth is an SEC-registered investment adviser that primarily serves individual and high-net-worth clients, families, estates, trusts, and retirement plans, managing $150,821,334 in regulatory assets for a small client base through a team of two advisors. The firm offers discretionary investment management, separately managed accounts, retirement-plan consulting, and hourly financial planning, and typically charges asset-based advisory fees for portfolio management.

The firm’s investment process blends strategic and tactical asset allocation with fundamental and quantitative analysis, including a proprietary optimization model, and may hold sizable cash allocations depending on market outlook. It uses a range of instruments—equities, fixed income, mutual funds, ETFs, alternatives, and a defined options program (naked puts, spreads, long calls, and covered calls)—and applies a documented suitability matrix when implementing option positions.

Compared with many peers, Prosper discloses several less-common features: it permits the use of margin or other borrowing in client portfolios (noting recommendations for non‑investment borrowing and that fees are assessed on gross asset values), it employs performance‑based fees tied to its option strategy (described as up to 2% AUM plus up to a 20% performance fee with monthly calculation and a high‑water mark), and it discloses potential affiliations and fee arrangements with third‑party managers—retaining discretion to hire or fire Managers and noting the possibility of receiving a portion of a Manager’s advisory fee—while also noting that, as of the filing, no sub‑advisors were engaged.