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Company Details
Prosperity is a wealth management firm with over 20 years of experience, specializing in personalized financial planning and investment management for high-net-worth individuals and families. Known for its client-centric approach, the firm consistently earns high client satisfaction ratings. Prosperity is the result of the strategic combination of five firms, now wholly owned by EisnerAmper Wealth Strategies, LLC. Originally established over 30 years ago as EisnerAmper Wealth Management (EAWM), the firm expanded in late 2021 with the addition of CPA Financial Group in Philadelphia. In the fall of 2022, Lurie Wealth Advisors of Minneapolis and The Prosperity Consulting Group in Owings Mills, MD, joined forces, further strengthening its expertise. Most recently, HPG Wealthcare in Raleigh became part of the firm in January 2024. A key driver of Prosperity’s growth and strategic expansion has been its strong connection to accounting partners, reinforcing its commitment to delivering comprehensive financial solutions.
Prosperity positions itself as a premier wealth management firm dedicated to providing personalized financial solutions to its clients. The firm emphasizes a client-centric approach, ensuring each client receives tailored advice and strategies aligning with their unique financial goals and circumstances. Prosperity leverages advanced technology and a team of experienced financial advisors to deliver comprehensive wealth management services, including investment management, retirement planning, tax optimization, and estate planning.
Prosperity employs an institutional approach to diversification through a manager-of-managers strategy, utilizing ETFs, mutual funds, separate accounts, and direct indexing solutions. The firm emphasizes the importance of understanding each client's unique financial objectives and portfolio needs, developing tailored Investment Policy Statements (IPS) at the household level to establish clear investment parameters and guide long-term financial strategies.
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Full Acquisition
Yes. For further information, please contact Alaris.
Yes
For further information, please contact Alaris.
For further information, please contact Alaris.
Mandatory Points of Alignment
To promote a unified firm, Prosperity asks all partners to immediately adopt the brand.
All back-office functions, including compliance, billing, HR, technology, and other related areas, will be centralized.
A centralized P&L is maintained to relieve advisors of financial management responsibilities, allowing them to focus more time on client-facing activities.
Partners of Prosperity are encouraged to adopt a consistent client experience, ensuring the same service offering across all Prosperity offices.
Prosperity asks that all partners adhere to the firm’s practice management systems.
Partners of Prosperity can continue to manage their own strategies but must centralize trading.
Advisor Value Proposition
As an integrated RIA, the firm offers competitive solutions supported by an experienced investment team that provides client support, trading, and marketing assistance. Through a well-developed referral program with EisnerAmper, the firm facilitates lead generation and collateral material support. As a hybrid RIA, it delivers a comprehensive suite of managed portfolio solutions alongside alternative investments through its custodian and broker-dealer. Prosperity's broker-dealer platform also provides extensive solutions and established relationships for 1031 exchanges and Delaware Statutory Trusts (DSTs). Financial planning serves as a core foundation, with a strong emphasis on tax planning in collaboration with EisnerAmper, setting the firm apart in the industry. Additionally, full compliance support and structured processes ensure operational efficiency. The firm’s model allows advisors to streamline their responsibilities, reducing the need to manage multiple roles that were often required in their previous practices.
The firm currently offers both eMoney and MoneyGuide Pro as software solutions to support financial planning. Recently, it has refined its planning process and implemented a structured approach, with servicing advisors integrated within teams to provide planning input and support. For more complex estate planning needs, the firm leverages the expertise of its estate planning team within EisnerAmper, ensuring comprehensive and specialized guidance for clients. Building an in-house para-planning team is on the roadmap for Prosperity.
Prosperity has established a centralized paperwork process to streamline administrative support, with Client Service Associate (CSA) teams managed directly by the Chief Operating Officer and aligned with local markets. Multiple workflows are in place to enhance operational accuracy and efficiency, supported by weekly operational update calls. Key systems utilized include Orion, Eclipse, AIX, Redtail, and HubSpot, ensuring seamless integration and effective management of client services.
Prosperity encourages advisors to collaborate with local estate planning attorneys to better serve clients. For high-net-worth (HNW) families, a dedicated specialist is available to support their estate planning needs, with the associated costs absorbed by Prosperity. In terms of retirement plans, Prosperity has a dedicated Retirement Plan Services team of four professionals specializing in 401(k) plans, along with a third-party administrator consisting of six members, including two actuaries. Tax preparation services are available through EisnerAmper for a fee of $2,000–$2,500, though advisors are free to maintain external tax relationships if preferred. Prosperity also provides executive compensation planning and operates family offices in New York and Florida, though the firm does not currently handle client bill payments or custody services, it is on the roadmap. For exit planning and investment banking, Prosperity partners with EisnerAmper’s transactions team (six professionals) and valuations team (6 professionals), viewing this as a key driver for acquiring new assets.
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