Dallas-based Prospera Financial Services, a boutique wealth management firm supporting a nationwide network of independent advisors, is launching a platform designed to provide family office services to its ultra-high-net-worth clients, the firm announced today.
The Prospera Generational Wealth platform will help advisors to ultra-high-net-worth clients identify new opportunities for investments and carry out complex investing strategies, Prospera said.
The platform will allow advisors to offer services individually or as a package and will enable advisors to integrate the new services with existing ones, the firm said. The platform also will include regular educational events and access to whitepapers from industry thought leaders.
“A growing number of our advisors’ clients have expressed a need for family office services,” Tarah Williams, Prospera’s president and chief operating officer, said in a statement. “But these clients did not want to leave their current advisor because of the personal relationships they’ve established over the years. Now, with Prospera Generational Wealth, our advisors have the same tools, solutions and resources of any of the mega-firms, as well as our steadfast commitment to deliver high-touch, personalized advisor support.”
The firm also announced the establishment of the Prospera Advanced Planning Council, which will consist of a board of select advisors who will consult on key needs of ultra-high-net-worth clients and help guide the programming of Prospera Generational Wealth as it evolves, Prospera said.
The Generational Wealth platform will provide such things as accounting services, risk management, succession planning and estate and wealth transfer strategies. In addition, it will include investment management, philanthropic planning and tax and compliance assistance.