Firm Information

Compensation
Commission-BasedFee-Only (AUM)Fixed/Hourly
Number of Advisors
275 advisors
Number of Clients
15,632 clients
Average Client Portfolio
$628K average
Assets Under Management
$9.8B

Fee Structure

Prospera Financial Services offers a variety of advisory programs, each with its own fee structure. These programs include Summit Advisory Program, Summit RBC Advisory Program, Summit Schwab Advisory Program, Summit-OP Advisory Program, Prospera Financial Planning Program, PFS Models Program, Advisor as Portfolio Manager (APM) Program, Separately Managed Account (SMA) Program, Unified Managed Account (UMA) Program, Private Investment Management (PIM) Program, Asset Advisor Program, Private Advisor Network (Network), CustomChoice, FundSource and Pathways Program. Fees vary depending on the program selected and the services provided. Financial planning services are available for a separate charge.

Areas of Practice
Investment ManagementFinancial Planning & Coaching
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Advisor Information

Office location

5429 Lbj Freeway, Suite 750, Dallas, TX, 75240

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Regulatory History (2)
What are disclosures? Advisors must report customer complaints, regulatory actions, and certain legal or financial events to the SEC. Not all disclosures are serious—many are settled disputes or minor violations. Learn how to evaluate them.
Judgment / Lien
October 2019
Judgment / Lien
September 2017
Other Business Activities

Bobby assists his wife with her internet sales business, Little Owl Products. This activity is not investment related and takes minimal time.

Employment History
Current Registrations
Prospera Financial Services, INC. Broker
January 2007 - Present · 19 yrs
Prospera Financial Services, INC.
January 2007 - Present · 19 yrs
Previous Registrations
Wells Fargo Investments, LLCBroker
September 2004 - January 2007 · 2 yrs 4 mos
Wells Fargo Investments, LLC
September 2004 - January 2007 · 2 yrs 4 mos
Morgan Stanley
October 1992 - September 2004 · 11 yrs 11 mos
Morgan Stanley Dw INC.Broker
September 1992 - September 2004 · 12 yrs
State Registrations7 states
AZCACOKSNMOKTX
AdvisorBrokerBoth
Exams
No exam information available for this advisor.