Prosperity Asset Management, LLC

Prosperity Asset Management, LLC provides investment advisory and financial planning services to individuals, small businesses, and high‑net‑worth clients, managing approximately $56.6 million across roughly 195 client relationships. Services include portfolio management delivered through a co‑advisor arrangement with a third‑party portfolio manager, one‑time financial planning engagements, and educational seminars and workshops offered to the public.

The firm’s investment work centers on recommending and maintaining model portfolios run by a third‑party manager; Prosperity has limited discretionary authority to select and move clients among those models but does not pick individual securities within the models. Prospectuses and research include fundamental and technical analysis, accounts are reviewed quarterly (and more often as needed), and advisory fees are billed quarterly in arrears while financial plans are delivered after required documentation is received.

Several features distinguish Prosperity from many peers: it regularly offers no‑cost educational seminars and workshops, maintains an affiliated insurance agency whose principals spend a substantial portion of their time selling insurance products (a disclosed potential conflict that the firm says it mitigates), and discloses a co‑advisor fee sharing and incentive arrangement with its third‑party manager that was recently updated in the firm brochure.