Prospera launches family office program to serve UHNW clients
New solution responds to advisor demand for family office services.
Advisors affiliated with Prospera Financial Services will now have access to a suite of services to help serve the family office requirements of ultra-high-net-worth clients.
The Dallas-based boutique wealth management firm has launched the Prospera Generational Wealth platform which offers advisors support in identifying opportunities and creating complex strategies for their wealthiest clients.
The range of family office services are available across all 50 states and include:
- Accounting, banking and private credit
- Asset protection and risk management
- Business valuation and succession planning
- Estate and wealth transfer
- Family governance, continuity and education
- Integrated financial and wealth strategy
- Investment vanagement
- Philanthropy strategy and management
- Tax strategy and compliance
Services can be offered as a comprehensive suite or individually and can also be integrated with clients’ CPAs, estate attorneys, and other professionals.
The firm will be providing white papers and other educational resources to help advisors utilize the new program, while a board of select advisors will be able for consultancy via the newly established Prospera Advanced Planning Council.
“A growing number of our advisor’s clients have expressed a need for family office services,” Tarah Williams, Prospera’s president and COO, 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 recourse of any of the mega-firms as well as our steadfast commitment to deliver high-touch, personalized advisor support.”
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