Prestige Wealth Management provides financial planning, portfolio management for individuals and small businesses, and pension consulting. Financial planning was provided to 11–25 clients last fiscal year.
Prestige Wealth Management reports 297 clients. They include 275 individual clients and 22 high-net-worth individuals. Of its assets, 100.0% ($148M across 881 accounts) are managed with discretion. A wrap fee program the firm both sponsors and manages holds $445M.
| Client type | Clients | Assets |
|---|---|---|
| Individuals (other than HNW) | 93% | 63% |
| High-net-worth individuals | 7% | 37% |
Client breakdown and activity details
| Client type | Clients | Regulatory AUM | AUM share | Avg. per client |
|---|---|---|---|---|
| Individuals (other than HNW) | 275 | $93.3M | 62.9% | $339K |
| High-net-worth individuals | 22 | $55.1M | 37.1% | $2.5M |
| Total | 297 | $148M | 100% | $500K |
- Clients
- 275
- Regulatory AUM
- $93.3M
- AUM share
- 62.9%
- Avg. per client
- $339K
- Clients
- 22
- Regulatory AUM
- $55.1M
- AUM share
- 37.1%
- Avg. per client
- $2.5M
Total
- Clients
- 297
- Regulatory AUM
- $148M
- AUM share
- 100%
- Avg. per client
- $500K
- Clients outside the U.S.
- 0%
- Clients advised without assets under management last fiscal year
- 0
- Private funds advised
- 0
- Financial planning clients last fiscal year
- 11–25
Prestige Wealth Management charges up to 2.50% for its Investment Management & Financial Planning Services. The brochure does not state whether the rate is annual. The fee is billed in arrears and is negotiable. The brochure also prices 4 other services, listed under fee details.
Fee details and sources
Other fees
- Consulting Services
- Limited-scope consulting fees are negotiated with the client and billed monthly as services are rendered.
- Estate Planning Coordination
- Coordination with unaffiliated estate planning providers is a flat fee of $250 to $1,500.
- Retirement Plan Advisory Services
- The plan sponsor advisory fee is negotiated with the plan sponsor, with a maximum of 1.00% a year.
- Stand-alone Financial Planning
- Stand-alone financial planning is a fixed fee of $500 to $5,000; ongoing planning is $100 to $600 a month.
Brian Drolet owns 75% or more of Prestige Wealth Management. It has 9 employees, 5 of them in advisory roles.
Staff
- 9 employees
- 5 in advisory functions
- 5 state-registered reps
- 6 insurance agents
- Owns 75% or more of Prestige Wealth Management, Inc.
Brian Drolet
Control person · since April 2025
Prestige Wealth Management’s regulatory assets grew Infinity× from $0 (June 2025) to $148M (June 2026); employees rose from 6 to 9.
Figures from each annual filing
| Filed | Regulatory AUM | Clients | StaffEmployees | Offices |
|---|---|---|---|---|
| Jun 2026June 2026 | $148M | 297 | 9 | 2 |
| Jun 2025June 2025 | $0 | 0 | 6 | 1 |
Besides its headquarters, Prestige Wealth Management has 1 office (1 private residence, listed without an address), with 1 listed address in 1 state.
Texas · 1 listed address
- 3120 Sabre Drive, Suite 160, SouthlakeHQ
Contact and registration details
- Legal name
- Prestige Wealth Management, Inc.
- Headquarters
- 3120 Sabre Drive, Suite 160, Southlake, TX 76092
- Website
- Not reported
- Phone
- 817-637-8121
- SEC file
- 801-132868
- Structure
- Texas corporation
- Fiscal year end
- December
Prestige Wealth Management’s named custodians for separately managed accounts are Fidelity ($136M, 91%) and Charles Schwab ($12.7M, 9%). Prestige Wealth Management does not have custody of client assets.
- FidelityFidelity Brokerage Services LLC · Smithfield, RI · $136M91%
- Charles SchwabCharles Schwab & Co., Inc. · Westlake, TX · $12.7M9%
At year end, Prestige Wealth Management’s separately managed accounts were mostly in funds (56%) and stocks (31%).
What the accounts hold
- Stocks31%
- Funds56%
- Bonds1%
- Cash10%
- Other4%
- Lp's3%
- Derivatives1%
How many clients does Prestige Wealth Management have?
Prestige Wealth Management has 297 clients and manages $148 million for them, as of June 2026. They include 275 individual clients and 22 high-net-worth individuals.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 23 June 2026
What services does Prestige Wealth Management offer?
Prestige Wealth Management provides financial planning, portfolio management for individuals and small businesses, and pension consulting.
Source: Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file
How much does Prestige Wealth Management charge?
Prestige Wealth Management charges up to 2.50% for its Investment Management & Financial Planning Services. The brochure does not state whether the rate is annual. The fee is billed in arrears and is negotiable.
Source: 2A BROCHURE, filed 23 June 2026
Which custodians does Prestige Wealth Management use?
Prestige Wealth Management’s separately managed account assets are held at Fidelity Brokerage Services LLC (Smithfield, RI), with $136M and Charles Schwab & Co., Inc. (Westlake, TX), with $12.7M. Only custodians holding at least a tenth of those assets are named.
Source: Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 23 June 2026
How many financial advisors does Prestige Wealth Management have?
Prestige Wealth Management has 5 investment adviser representatives registered with state securities authorities, out of 9 employees, and 5 perform investment advisory functions. 0 employees are registered representatives of a broker-dealer and 6 employees are licensed insurance agents.
Source: Form ADV Part 1A, Items 5.A and 5.B, from the SEC's 2 October 2026 data file
What does Prestige Wealth Management invest in?
At the end of its last fiscal year, Prestige Wealth Management’s separately managed accounts held 56% registered funds (mutual funds, ETFs, BDCs), 31% exchange-traded equities, 10% cash and equivalents, 3% other, 1% investment grade corporate bonds and 1% derivatives. The 3% other category is described as: LP'S.
Source: Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file
Who owns Prestige Wealth Management?
Prestige Wealth Management’s direct owner is Brian Drolet (75% or more).
Source: Form ADV Part 1A, Schedules A and B, filed 23 June 2026
How does Prestige Wealth Management get paid?
Prestige Wealth Management is paid through a percentage of assets under management and fixed fees. Its Form ADV lists no commissions or performance-based fees among how it is paid.
Source: Form ADV Part 1A, Item 5.E, from the SEC's 2 October 2026 data file
How do I contact Prestige Wealth Management?
Prestige Wealth Management’s main office is at 3120 Sabre Drive, Suite 160, Southlake, TX 76092. Its phone number is 817-637-8121.
