Jason L. Smith
Jason L. Smithage 39
CEO and founder, Clarity 2 Prosperity Mastermind Group and Prosperity Capital Advisors
Jason Smith wants to reduce the equality gap in investment advice between those with a high net worth and those with modest assets.
“The middle class are served by salespeople,” Mr. Smith said. “They don’t get the service that the wealthy get.”
Mr. Smith is chief executive and founder of Prosperity Capital Advisors, an RIA with $430 million in assets under management and 42 employees, and Clarity 2 Prosperity Mastermind Group, which conducts three holistic-advice training sessions per year for about 120 advisers, and also handles the insurance-sales part of the operation.
His firms focus on financial planning that encompasses tax, insurance, legal and health care guidance. He calls holistic financial planning his “ultimate purpose in life” and “why God put me on this earth.”
Mr. Smith’s advisory firm charges clients 20 basis points on their estate value. The market “sweet spot” is families with $500,000 to $2 million in net worth, including their home.
Members of this group have accumulated enough assets to be independently wealthy, but lack a road map for their financial future, according to Mr. Smith.
“We always start with the plan,” he said.
Mr. Smith has spoken at several industry events and is a frequent presenter at Ed Slott’s Elite IRA Advisory Group workshops. Look for him later this year on the PBS series “The Leading Edge,” which highlights different types of businesses and how they’re affecting their fields.
— Mark Schoeff Jr.