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What types of people do you work with at Prosper Point?

Our clients come from across the country, and to each we bring clarity, insight and calm to even the most complex financial situations. Historically, our expertise is ideally paired with people with $500,000 to $25 million in investable assets.

We’ve helped people from all areas of life:

  • Business Executives
  • Attorneys
  • Small Business Owners
  • Professionals Nearing Retirement
  • Parents Preparing to Pay for College
  • Those Seeking a Fresh Investment Approach

We also serve individuals, families, businesses, trusts, partnerships and non-profit organizations seeking to pursue long-term goals with a consultative approach to growing and managing wealth.

Is there a fee for the initial consultation with Prosper Point?

There is no fee or obligation for the initial meeting.

If I become a client, what happens to my current assets?

We’ll analyze your existing portfolio and discuss our recommendations before any changes are made.  In every instance, you’ll be fully informed as we will work with you to ensure a smooth transition with the most possible tax efficiency.

How does Prosper Point charge for services?

To ensure our interests are aligned with our clients, 100% of our compensation comes from asset-based advisory and planning fees paid by clients.  Fees are on a sliding scale; which means as your portfolio grows the percentage decreases.  Our annual fee is pro-rated and  can be paid quarterly, or in advance, and is based upon market value of the client’s assets on the last business day of the previous quarter.  Should a client choose to leave, any unearned fees are refunded.

Our Fee Schedule is available upon request.

What size portfolios does Prosper Point manage for clients?

Over time we’ve found our expertise is best matched with high net worth individuals with $500,000 to $25 million of investable assets.  Every Prosper Point client, regardless of the size of their portfolio, receives the very highest level of respect and fiduciary are.

Do you hold my assets?

No, clients enter into a separate custodial/clearing agreement with an unaffiliated custodian that holds the assets in the client’s name.  Prosper Point LLC recommends that investment management accounts are maintained at Interactive Brokers for execution and/or custodial services, based on IB’s financial strength, reputation and its full range of services. These include its research and execution capabilities, pricing, banking, technology platform and responsiveness.

Do clients sign a contract with Prosper Point?

Yes. Prior to engaging Prosper Point to provide investment planning services, our clients enter into a formal Investment Advisory Agreement setting forth the terms and conditions under which the client’s assets shall be managed. Clients can terminate the agreement at any point without penalty.

What is meant by discretionary asset management?

Clients give Prosper Point LLC full authority to make all purchase and sell decisions in the investment portfolio. We follow an Investment Policy Statement that we establish together and definitively sets forth the client’s target allocation. This arrangement allows us to manage portfolios in a much more efficient manner while clients are informed and have peace of mind.

Are clients notified of investment decisions that Prosper Point makes?

Yes. Interactive Brokers notifies clients of all transactions on a timely basis, provides a comprehensive monthly statement and offers 24/7/365 online account access. Additionally, Prosper Point LLC provides an investment aggregation report linked to the client’s financial plan with on-demand portfolio login capabilities. Our clients remain current and well-informed about all matters pertaining to their investments.

Does the client bear any other expenses in addition to management fees?

  • Whoever clients invest through they typically pay three types of fees. To provide full transparency, we identify all fees separately instead of lumping them together.
  • The custodian charges a transaction fee for effecting certain securities transactions.
  • Separate account managers also charge an asset management fee, while mutual funds impose management fees and other expenses at the fund level.
  • Investment advisor fee for advice and implementation.
  • In conducting our due diligence and seeking superior execution for clients, we closely monitor all fees and expenses. All fees are disclosed upfront – no surprises.

Do you own the same investments you purchase for your clients?

Yes. If you examined Will’s personal investment portfolio, those belonging to his family, or the firm’s clients who share similar investment objectives, he or she would see significant overlap in the positions held. That is not to say that we own every mutual fund or security position that a client owns or that a client owns every position that we own. However, the similarities between the portfolios are telling. Because we build custom portfolios, no two are the same. At Prosper Point LLC, if we do not have enough conviction about an investment to want to own it ourselves, there is no reason to recommend it for our clients and we don’t.