{"url":"https://nivawealth.com/firms/prospero-wealth-289966","iapdUrl":"https://adviserinfo.sec.gov/firm/summary/289966","regulatoryAum":110555693,"crd":"289966","adviserRoster":{"asOf":"2026-10-09","items":[{"crd":"2936808","suffix":null,"lastName":"BERGINES","firstName":"MICHAEL","middleName":"WILLIAM"},{"crd":"7930215","suffix":null,"lastName":"de la Motte","firstName":"Philippe","middleName":"Noel"},{"crd":"6885992","suffix":null,"lastName":"Franklin","firstName":"Eric","middleName":"Michael"},{"crd":"7677455","suffix":null,"lastName":"Joshi","firstName":"Suhas","middleName":"M"},{"crd":"5069858","suffix":null,"lastName":"MAURER","firstName":"MARCUS","middleName":"JAMES"},{"crd":"7260268","suffix":null,"lastName":"SUBRAMANIAM","firstName":"VRISHIN","middleName":null},{"crd":"4950538","suffix":null,"lastName":"TALLY","firstName":"JACOB","middleName":"H"}],"total":7,"loadedAt":"2026-10-10T00:20:19.761928+00:00","sourceUrl":"https://reports.adviserinfo.sec.gov/reports/CompilationReports/IA_INDVL_Feed_10_09_2026.xml.zip"},"secFileNumber":"801-134848","legalName":"Prospero Wealth, LLC","displayName":"Prospero Wealth","slug":"prospero-wealth-289966","website":"https://prosperowealth.com/","classification":{"segment":"individuals","segmentLabel":"Wealth management","type":"independent_wealth_manager","typeLabel":"RIA","feeDisclosure":"full"},"linkedinUrl":"https://www.linkedin.com/company/75597088/","xUrl":"https://twitter.com/ProsperoWealth","founded":null,"organization":"Washington limited liability company","fiscalYearEnd":"December","headquarters":{"street":"","city":"","state":"","stateName":"","country":"","postalCode":null},"tradeNames":["Capitalwe LLC"],"registration":{"secApproved":"1 December 2025","noticeFilings":null,"latestNoticeFiling":null},"wealthAumPerClient":1125692.3,"staff":{"employees":8,"advisory":7,"brokerDealerReps":0,"insuranceAgents":0,"promoters":0},"aum":{"regulatory":110555693,"discretionary":110555693,"discretionaryAccounts":304,"nonDiscretionary":0,"nonDiscretionaryAccounts":0,"wrapProgram":null,"nonUsClientsPct":4,"nonAumClients":24},"clientTypes":[{"label":"Individuals (other than HNW)","clients":38,"regulatoryAum":15997233},{"label":"High-net-worth individuals","clients":42,"regulatoryAum":74058151},{"label":"Charitable organizations","clients":1,"fewerThan5":true,"regulatoryAum":55065},{"label":"Other investment advisers","clients":5,"regulatoryAum":20418693},{"label":"Corporations and other businesses","clients":1,"fewerThan5":true,"regulatoryAum":26551}],"feePrograms":[{"role":"other","program":"Advised 401(k) Plans","summary":"Assets in advised 401(k) plans are charged an annual flat fee of .50%, withdrawn quarterly in arrears based on the end-of-period balance.","sourceUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1052521","versionId":1052521,"submittedOn":"2026-07-22","documentName":"PROSPERO WEALTH, LLC - ADV PART 2A"},{"role":"other","program":"Financial Planning and Consulting","summary":"Financial planning and consulting fees are negotiable and generally 1.00% of assets managed or advised upon, or hourly at up to $500 an hour, as agreed in writing.","sourceUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1052521","versionId":1052521,"submittedOn":"2026-07-22","documentName":"PROSPERO WEALTH, LLC - ADV PART 2A"}],"brochureCoverage":{"scope":"sec_inventory","status":"reviewed_no_numerical_schedule","checkedAt":"2026-10-22T15:53:36.12569+00:00","documents":[{"name":"PROSPERO WEALTH, LLC - ADV PART 2A","status":"read","sourceUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1052521","versionId":1052521,"submittedOn":"2026-07-22"}]},"custodians":[{"name":"Charles Schwab & Co., Inc.","shortName":"Charles Schwab","location":"San Francisco, CA","smaAssets":15477797},{"name":"National Financial Services LLC","shortName":"Fidelity","location":"Boston, MA","smaAssets":95077895}],"custodyNote":"Prospero Wealth does not have custody of client assets.","otherCustodians":[],"leadership":[{"name":"Eric Franklin","title":"CCO / Managing Principal","crd":"6885992"}],"ownership":[{"label":"Eric Franklin","detail":"Cco / managing principal in the 75% or more ownership band and a control person, since July 2017."}],"branchOffices":null,"filedOffices":{"otherThanPrincipal":0,"privateResidences":0},"listedOfficeAddresses":1,"foreignOffices":[],"officesByState":[],"advFacts":{"source":{"file":"ia100226.zip","asOf":"2 October 2026"},"telephone":"971-716-1991","stateRegisteredReps":7,"otherAdviserReps":0,"compensation":["A percentage of assets under management","Hourly charges","Fixed fees (other than subscription fees)"],"activities":["Financial planning services","Portfolio management for individuals and/or small businesses"],"financialPlanningClients":"51-100","assetMix":[{"label":"Exchange-traded equity securities","percent":33},{"label":"Non-exchange-traded equity securities","percent":6},{"label":"Securities issued by registered investment companies or business development companies","percent":61}],"privateFunds":0},"sources":{"adv1FilingDate":"29 September 2026","adv1Url":"https://reports.adviserinfo.sec.gov/reports/ADV/289966/PDF/289966.pdf","brochureDate":"22 July 2026","brochureUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1052521","iapdCompiledDate":null,"retrievedDate":"15 October 2026","retrievedOn":"2026-10-15","updatedOn":"2026-10-22","holdingsUpdatedOn":"2026-10-21","adv1Pages":{},"brochurePages":{}},"otherBusiness":[],"faq":[{"question":"How many clients does Prospero Wealth have?","answer":"Prospero Wealth has 87 clients and manages $111 million for them, as of September 2026. They include 42 high-net-worth individuals, 38 individual clients and 5 other investment advisers.","source":"Form ADV Part 1A, Items 5.D and 5.F, filed 29 September 2026","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"What services does Prospero Wealth offer?","answer":"Prospero Wealth provides financial planning and portfolio management for individuals and small businesses.","source":"Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"Which custodians does Prospero Wealth use?","answer":"Prospero Wealth’s separately managed account assets are held at National Financial Services LLC (Boston, MA), with $95.1M and Charles Schwab & Co., Inc. (San Francisco, CA), with $15.5M. Only custodians holding at least a tenth of those assets are named.","source":"Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 29 September 2026","sourceRef":{"doc":"adv1","section":"custodians"}},{"question":"How many financial advisors does Prospero Wealth have?","answer":"Prospero Wealth has 7 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":"What does Prospero Wealth invest in?","answer":"At the end of its last fiscal year, Prospero Wealth’s separately managed accounts held 61% registered funds (mutual funds, ETFs, BDCs), 33% exchange-traded equities and 6% non-exchange-traded equities.","source":"Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"Who owns Prospero Wealth?","answer":"Prospero Wealth’s direct owner is Eric Franklin (75% or more).","source":"Form ADV Part 1A, Schedules A and B, filed 29 September 2026","sourceRef":{"doc":"adv1","section":"scheduleA"}},{"question":"How does Prospero Wealth get paid?","answer":"Prospero Wealth is paid through a percentage of assets under management, hourly charges 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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"How do I contact Prospero Wealth?","answer":"Its phone number is 971-716-1991. Its website is prosperowealth.com.","source":"Form ADV Part 1A, Item 1.F, filed 29 September 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."}