The Dallas-based wealth management firm Prospera Financial has added three firms to its platform with a combined assets under management of $539 million. The move to add the three — based in the Southwest, East Coast and Mountain West — helps expand the national footprint of Prospera, which has increased revenue 113% over the past five years.
The new advisers:
- G4 Wealth Management, based in Paradise Valley, Arizona, which provides portfolio management, risk analysis, and trust/estate services to executives and owners of small to midsize businesses.
- East Coast Capital Management, based in Boston and Fort Lauderdale, Florida, which specializes in retirement and financial planning.
- Paraclete Wealth Consultants, based in Lamar, Colorado, a faith-based firm that works with ranchers and retiring business owners who have a net worth of at least $1 million.
"Over the past several months, we have seen significant consolidation among mega-firms in our industry, leaving many advisers asking if there is a different path to build their businesses," said Tarah Williams, Prospera's president and COO. "We strive to provide our advisers with personalized services and support so they can grow their practice their own way.
"The addition of G4 Wealth Management, East Coast Capital Management and Paraclete Wealth Consultants serves as a meaningful proof point that our value proposition is resonating with growth-minded advisers across the country, and we welcome these teams to the Prospera family.”