Prosus Wealth Management
Data sourced from SEC public records (and other sources when available). Refreshed weekly • Updated today.
About
The firm provides discretionary investment management and financial planning primarily for individual and high‑net‑worth clients, offering advice across stocks, mutual funds, ETFs, bonds, U.S. Treasuries, options and interests in limited partnerships. It implements client portfolios under written investment management agreements, conducts quarterly reviews, and may use third‑party turnkey managers for portions of client assets.
Investment advice is grounded in written investment policy statements and a strategic asset‑allocation approach that draws on Modern Portfolio Theory, with a core‑and‑satellite mix of passive and active holdings and periodic rebalancing. Financial planning deliverables range from written plans to ongoing advisory relationships, and the firm monitors accounts at least quarterly to align portfolios with clients’ objectives and risk tolerances.
What distinguishes the firm is that its principal operates an affiliated manager and sponsors a private real estate vehicle (Prosus Capital Alpha Fund) that may be offered to qualified clients; the brochure discloses potential conflicts, states the firm will not exercise discretion over whether clients invest in the fund, and notes the principal spends substantial monthly time on that activity. The principal also holds a state life and health insurance license and undertakes separate personal real‑estate investments, and the firm emphasizes written conflict disclosures and compliance procedures while operating with a small, concentrated client base and discretionary‑only mandates.
Client services
Expertise
Occupation focus
Fee options
Financial planning fixed fees start at a minimum of $2,500, can range upward based on complexity; $10,000 minimum annual retainer fee for asset management (billed quarterly) with retainer fees ranging from $10,000 to $50,000 (negotiable); annual financial planning program fees up to $25,000 (billed quarterly in advance)
$0 - $1,500,000: 1.5% $1,500,001 - $2,000,000: 1.25% $2,000,001 - $3,000,000: 1.0% $3,000,001+: Negotiable
$400 per hour
Main office
30 Wall Street, 8th Floor
New York NY 10005
Advisors at this office
2
Most active in
New York
Also doing business as
Prosus Capital Partners, LLC · Prosus Wealth Management · Prosus Wealth Management, LLC
Disclosures
Exclamation point means they have disclosures of this type. Check mark means no disclosures of this type were found.
Business activities & affiliations
Is active or affiliated with:
Fund sponsor
They manage or sponsor investment funds and may earn management or performance-based fees if clients invest in them.
Is not active or affiliated with:
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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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Accountant / CPA / tax prep
They offer tax and accounting services, typically for separate fees.
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Lawyer
They provide legal services, typically billed separately.
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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
Advisors at this firm
Frank R
Series 63, Series 65
New York, NY
Prosus Wealth Management
Frank Riggio is a financial advisor with Prosus Wealth Management in New York, NY, holding Series 63 and Series 65 licenses and bringing 32 years of industry experience. He has worked at firms including Investacorp Advisory Services, SMCGlobal USA, and Franklin Financial Planning. Riggio holds a New York State Life and Health Insurance License and occasionally recommends insurance products as part of client financial plans. Prosus Wealth Management provides discretionary investment management and financial planning primarily for individual and high-net-worth clients. The firm employs a strategic asset-allocation approach based on Modern Portfolio Theory, combining passive and active holdings, and offers financial planning ranging from written plans to ongoing advisory services.
John P
Series 65
New York, NY
Prosus Wealth Management
John Paniagua is a financial advisor at Prosus Wealth Management with three years of industry experience. He holds a Series 65 designation and has worked at Prosus Capital Partners, KKR Private Equity, Bread Payments, and ICE NYSE. Prosus Wealth Management provides discretionary investment management and financial planning primarily for individual and high-net-worth clients. The firm uses a strategic asset-allocation approach based on Modern Portfolio Theory, combining passive and active holdings with periodic rebalancing, and offers written investment policy statements and ongoing portfolio monitoring.
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