PROSPECT FINANCIAL SERVICES LLC

RIASEC RegisteredEst. 2021
Total AUM
$431M
Discretionary
$431M
100% of AUM
Avg account
$373K
Accounts
1,156
Employees
12
Advisory reps
11

Firm details

Headquarters
MELVILLE, New York
CRD number
314154
Registered since
August 30, 2021
Website
www.profinserv.net
Custodians
LPL FINANCIAL LLC
Fee structure
Percentage of AUM, Fixed Fees
Client types
  • HNWI48.67%
  • Individuals27.88%
  • Pension & Profit Sharing Plans22.92%
  • Corporations / Businesses0.52%
Services
Financial PlanningPortfolio Management for IndividualsPension ConsultingSelection of Other Advisers

Firm profile

FINTRX

Overview

Prospect Financial Services LLC is an independent, owner-operated registered investment adviser organized as an LLC. The firm provides fee-based financial planning and portfolio management for individuals, families and small businesses, and it also offers pension consulting services and manager selection for third-party advisers. Its fee model combines a percentage-of-AUM component with fixed fees. Prospect identifies as a capital allocator and works with both individual/family and institutional clients. The firm does not position itself as an ESG-focused investor and reports an accountant among its industry affiliations.

Assets & Accounts

Public Holdings

Investments & Alternatives

Location & Offices

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Investment profile

FINTRX

Traditional investments used

Alternative investments used

Active ESG investor

Technology & operations

FINTRX

CRM & tech providers

TAMPs used

Clients

FINTRX

Client base

Client personas

Asset composition

Asset composition: Exchange Traded Equities 35%, Investment Grade Corp Bonds 25%, US Government Bonds 15%, State & Local Bonds 10%, Public Funds/Mutual Funds 7%, Cash & Cash Equivalents 5%, Non-Exchange Traded Equities 1%, Non-Investment Grade Corp Bonds 1%, Derivatives 1%35%
  • Exchange Traded Equities35%
  • Investment Grade Corp Bonds25%
  • US Government Bonds15%
  • State & Local Bonds10%
  • Public Funds/Mutual Funds7%

Contacts

3 of 11

  • AIDAN ROONEY

    Registered AdministratorCRD 8186594

  • Neal O Sullivan

    Wealth AdvisorCRD 1891959

  • Wange Liu

    Financial AdvisorCRD 7316117

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Wealth teams

FINTRX

Newly hired reps

FINTRX

Recent M&A activity

FINTRX

Recent filings

FINTRX

Awards

FINTRX

ETF holdings

1 of 59

Active vs passive

$87.6M in ETFs

Passive

83%

$72.5M

Active

4%

$15.1M

ETFProviderStyleCategoryValueShares% of portfolio
VANGUARD LONG-TERM CORPORATE BOND INDEX FUND (VCLT)VanguardPassiveLong Term Bond$9.5M126,64510.81%
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Location

Primary office

MELVILLE, NY

SUFFOLK

Location

MELVILLE, NY

Headquartered in MELVILLE, NY, anchoring the New York-Newark, NY-NJ-CT-PA metro in the Northeast.

Metro area
New York-Newark, NY-NJ-CT-PA
Region
Northeast
County
SUFFOLK
Address
445 Broadhollow Rd
Time zone
ET (UTC-5)
Office locations

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Source: FINTRX private wealth data intelligence

Intelligence for Private Wealth