Prospect Trading LLC
Data sourced from SEC public records (and other sources when available). Refreshed weekly • Updated today.
Client AUMClient assets under management
$19,196,033
Clients
38
Advisors
1
of 1 employees
About
Prospect Trading LLC provides investment management and investment planning to individuals and corporate entities, offering both passive and active portfolio management as well as limited-scope advisory engagements. It works with individual, joint, IRA, corporate, and 401(k) account types and does not act as custodian of client assets.
The firm combines fundamental and technical analysis and deploys a range of strategies — including long and short positions, margin, options, and inverse products — to implement its investment views. Accounts are generally managed on a discretionary basis, trades are executed through Interactive Brokers, and the firm aggregates orders to support timely execution across client accounts.
What distinguishes Prospect Trading from many peers is its use of performance-based fee arrangements for qualified clients, its routine incorporation of derivatives and short-selling strategies in separately managed accounts, and its acceptance of corporate/business clients. These features introduce additional risk and potential conflicts of interest, which the firm discloses and manages while relying on third-party custodians for account custody.
Client services
Expertise
Fee options
Negotiable between 0.8% and 2.0% annually (minimum 0.8%, maximum 2%) for clients not on performance-based fees
Hourly rate of $200 for limited scope investment planning engagements
Performance-based fees negotiated as a share of capital gains and capital appreciation; available only to qualified clients as defined by SEC Rule 205-3
Account minimum: $100,000 Fee-only: Hourly investment planning at $200 per hour
Main office
Elmhurst IL
Advisors at this office
1
Most active in
Illinois · Louisiana
Also doing business as
Prospect Trading LLC · Razza, Anthony T
Disclosures
Exclamation point means they have disclosures of this type. Check mark means no disclosures of this type were found.
Business activities & affiliations
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.
-
Lawyer
They provide legal services, typically billed separately.
-
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.
Forms ADV
Not sure where to start?
We'll help you think it through—whether you ultimately need an advisor or not. Warmer helps you compare advisors clearly, so you can choose with confidence.
For advisor listings, we rely on sources including public filings and data provided by advisors, and we cannot guarantee that all information is current or accurate. Advisors are independent and may not have reviewed or updated this information. Please review an advisor’s Form ADV and do your own diligence before deciding whether to work with them.
Advisor matching and introductions are provided by FinanceHQ LLC (“FHQ”), a wholly-owned subsidiary of Warmer and an SEC-registered investment advisor. We receive compensation from certain participating advisors for introductions or referrals. This creates a conflict of interest because we have an incentive to recommend advisors who compensate us, including those who pay us more. You pay no fee to use our matching service, and advisor fees are not increased because of a referral or introduction. We do not review the ongoing performance of advisors, manage or hold assets, guarantee performance, or provide advice about specific investments.
By using our service, you agree to our Terms of Service and Advisory Agreement, and acknowledge our Privacy Policy. Please review FHQ’s ADV Part 2A and Form CRS. Logos provided by Logo.dev
© 2026 Warmer Holdings Inc. (“Warmer”)