Transparency and Alignment
We believe financial advice should be clear, understandable, and free from hidden costs. Unlike the often opaque and complex fee structures prevalent in the financial industry, ProsperWise Advisors is committed to radical transparency. You deserve to know exactly what you are paying for and the value you receive.
We are compensated two ways
Sudden Wealth Compass
$3,999 (Fixed Fee)
This comprehensive, one-time fee covers the initial, intensive phase of our specialized Sudden Wealth Compass program.
This foundational work includes:
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In-depth discovery of your unique situation, values, and goals.
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Structured values discovery exercises.
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Access to tailored Sudden Wealth Compass modules and development of integrated strategies for preservation, tax, and estate considerations
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Access to ProsperConnect Client Portal
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Access to ProsperSecure Document Portal
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Access to ProsperPlan Financial Planning Portal
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Development of your initial comprehensive Sudden Wealth Transition Plan.
Ongoing Partnership & Investment Management (Tiered Advisory Fee)
Once your foundational plan is built and ready for implementation, our service transitions to ongoing management and guidance. This is covered by an advisory fee based on a percentage of the Assets Under Management (AUM).
Our fee structure is tiered, meaning the percentage rate decreases as your managed assets grow. The fee starts at 1% and reduces based on clear asset levels.
Ongoing services include:
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Proactive investment management aligned with your plan.
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Continuous portfolio monitoring and regular performance reviews.
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Ongoing access to our technology tools.
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Ongoing financial advice and strategic adjustments as needed.
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Updates to your ProsperWise Plan as needed.
Commissions on Financial Products
Commissions are inherent to some financial products. We may earn commissions from the sale of specific financial products, including insurance policies, which are provided by the product provider rather than you directly. We will inform you in writing whenever we receive commissions. We exclusively recommend products that we consider appropriate for your needs and consistent with your financial objectives.
Our Fiduciary Promise
As fiduciaries, we are legally and ethically bound to always act in your best interest. Our transparent process and values-based approach help ensure our advice aligns with your goals. We invite open discussion about our compensation and how we manage any potential conflicts.
Why This Approach?
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Transparency: You clearly understand how we are compensated, ensuring there are no hidden fees or conflicts of interest.
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Alignment of Interests: Our success is tied to your success. We are motivated to help you achieve your financial goals, as this benefits both of us.
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Objectivity: While we may receive commissions, our primary focus is on providing objective advice that serves your best interests.
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Comprehensive Services: This structure allows us to offer a comprehensive range of financial planning services, including those that may not generate commissions, such as budgeting, debt management, and education planning.
Frequently Asked Questions
How are your fees calculated?
Our financial planning fees are personalized and based on the complexity of your situation. We offer a variety of project-based planning options. Your advisor will discuss the most appropriate fee structure for you during your initial consultation.
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What services are included in the financial planning fee?
Your financial planning fee covers the development of a comprehensive financial plan, including: Retirement planning Tax planning Estate planning Education planning Debt management Cash flow analysis Insurance planning Portfolio analysis Planning for major expenses Building a cash reserve
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Do you receive commissions on all financial products?
We may receive commissions on certain financial products that we recommend, such as life insurance policies, disability insurance, and some investment funds. However, we do not receive commissions on all financial products. We will always disclose any commissions we may receive and prioritize recommending products that are suitable for your needs and align with your financial goals.
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How do you ensure your advice is objective, even when receiving commissions?
Our primary focus is always on providing objective, client-centric advice. We are bound by a strict code of conduct which requires us to act in your best interests. We carefully consider your individual needs and circumstances before recommending any financial products, regardless of any potential commissions.
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Why do you use this combined fee and commission structure?
This structure allows us to offer a comprehensive range of financial planning services while maintaining transparency and aligning our interests with yours. It allows us to serve clients with diverse needs and financial situations.
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When and how do I pay your fees?
We will discuss our fee schedule and payment options with you in detail during your initial consultation. Typically, financial planning fees are paid upfront.
Have more questions?
We encourage you to discuss our compensation structure with your advisor during your free consultation. They will be happy to answer any questions and provide further clarification.
Remember:
Our commitment is to provide you with clear, concise, and client-centric financial advice. We believe this compensation structure allows us to do so effectively while maintaining transparency and aligning our interests with yours.