Cottonwood Capital Advisors, an independent investment advisory firm, has chosen Prospera Financial Services as its independent broker-dealer.
Cottonwood, based in Irving, Texas, has $121 million in assets under management and was founded by Stephen Shipley and Jay Rubottom, who were previously with Morgan Stanley. Shipley focuses on macro asset allocation, portfolio construction and fixed income portfolio management. Rubottom, a CFP, focuses on financial planning.
Dallas-based Prospera was founded in 1982 and has $6.2 billion in assets under management.
Please send On the Move items to Kathy Lynch.