{"url":"https://nivawealth.com/firms/prophet-equity-management-ii-170614","iapdUrl":"https://adviserinfo.sec.gov/firm/summary/170614","regulatoryAum":171407407,"crd":"170614","history":[{"filedOn":"2021-07-28","regulatoryAum":345923287,"clients":1,"employees":14,"offices":1},{"filedOn":"2022-03-31","regulatoryAum":342668519,"clients":1,"employees":8,"offices":1},{"filedOn":"2023-03-31","regulatoryAum":283252660,"clients":1,"employees":6,"offices":1},{"filedOn":"2024-03-30","regulatoryAum":249672605,"clients":1,"employees":8,"offices":1},{"filedOn":"2025-03-28","regulatoryAum":236888339,"clients":1,"employees":6,"offices":1},{"filedOn":"2026-03-31","regulatoryAum":171407407,"clients":1,"employees":8,"offices":1}],"secFileNumber":"801-79453","legalName":"Prophet Equity Management II LLC","displayName":"Prophet Equity Management II","slug":"prophet-equity-management-ii-170614","website":null,"classification":{"segment":"private_funds","segmentLabel":"Private funds","type":"private_fund_manager","typeLabel":null,"feeDisclosure":"payment_only"},"founded":null,"organization":"Delaware limited liability company","fiscalYearEnd":"December","headquarters":{"street":"1460 Main Street, Suite 200","city":"Southlake","state":"TX","stateName":"Texas","country":"United States","postalCode":"76092"},"tradeNames":[],"registration":{"secApproved":"9 April 2014","noticeFilings":null,"latestNoticeFiling":null},"wealthAumPerClient":null,"staff":{"employees":8,"advisory":7,"brokerDealerReps":0,"insuranceAgents":0,"promoters":0},"aum":{"regulatory":171407407,"discretionary":171407407,"discretionaryAccounts":1,"nonDiscretionary":0,"nonDiscretionaryAccounts":0,"wrapProgram":null,"nonUsClientsPct":0,"nonAumClients":0},"clientTypes":[{"label":"Pooled investment vehicles","clients":1,"regulatoryAum":171407407}],"feePrograms":[],"brochureCoverage":{"scope":"known_documents","status":"not_processed","checkedAt":null,"documents":[]},"custodians":[],"custodyNote":"Prophet Equity Management II has custody of $149M for 1 clients.","otherCustodians":[],"leadership":[{"name":"David Rex","title":"Chief Compliance Officer","crd":"8066522"},{"name":"Ross Gatlin","title":"Managing Partner and Member","crd":"6048336"}],"ownership":[{"label":"Ross Gatlin","detail":"Managing partner and member in the 75% or more ownership band and a control person, since December 2013."}],"branchOffices":null,"filedOffices":{"otherThanPrincipal":0,"privateResidences":0},"listedOfficeAddresses":1,"foreignOffices":[],"officesByState":[{"state":"Texas","offices":1,"addresses":[{"street":"1460 Main Street, Suite 200","city":"Southlake","headquarters":true}]}],"advFacts":{"source":{"file":"ia100226.zip","asOf":"2 October 2026"},"telephone":"817-898-1500","stateRegisteredReps":0,"otherAdviserReps":0,"compensation":["A percentage of assets under management","Performance-based fees"],"activities":["Portfolio management for pooled investment vehicles (other than investment companies)"],"financialPlanningClients":"0","assetMix":[],"privateFunds":1},"sources":{"adv1FilingDate":"31 March 2026","adv1Url":"https://reports.adviserinfo.sec.gov/reports/ADV/170614/PDF/170614.pdf","brochureDate":null,"brochureUrl":null,"iapdCompiledDate":null,"retrievedDate":"15 October 2026","retrievedOn":"2026-10-15","updatedOn":"2026-10-21","holdingsUpdatedOn":"2026-10-21","adv1Pages":{},"brochurePages":{}},"otherBusiness":[],"faq":[{"question":"How many clients does Prophet Equity Management II have?","answer":"Prophet Equity Management II has 1 client and manages $171 million for them, as of March 2026. They include 1 pooled investment vehicle.","source":"Form ADV Part 1A, Items 5.D and 5.F, filed 31 March 2026","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"What services does Prophet Equity Management II offer?","answer":"Prophet Equity Management II provides portfolio management for pooled vehicles.","source":"Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"How many financial advisors does Prophet Equity Management II have?","answer":"Prophet Equity Management II has 0 investment adviser representatives registered with state securities authorities, out of 8 employees, and 7 perform investment advisory functions. None are registered representatives of a broker-dealer or licensed insurance agents.","source":"Form ADV Part 1A, Items 5.A and 5.B, from the SEC's 2 October 2026 data file","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"Who owns Prophet Equity Management II?","answer":"Prophet Equity Management II’s direct owner is Ross Gatlin (75% or more).","source":"Form ADV Part 1A, Schedules A and B, filed 31 March 2026","sourceRef":{"doc":"adv1","section":"scheduleA"}},{"question":"How does Prophet Equity Management II get paid?","answer":"Prophet Equity Management II is paid through a percentage of assets under management and performance-based fees. Its Form ADV lists no commissions among how it is paid.","source":"Form ADV Part 1A, Item 5.E, from the SEC's 2 October 2026 data file","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"How do I contact Prophet Equity Management II?","answer":"Prophet Equity Management II’s main office is at 1460 Main Street, Suite 200, Southlake, TX 76092. Its phone number is 817-898-1500.","source":"Form ADV Part 1A, Item 1.F, filed 31 March 2026","sourceRef":{"doc":"adv1","section":"offices"}}],"holdings":null,"notice":"Compiled from public SEC Form ADV filings on the dates in `sources`. Facts as filed; not a rating, ranking, or recommendation. Niva is not affiliated with this firm. Disciplinary history is deliberately not included here or on the page; the SEC publishes the complete record at the `iapdUrl` above."}