The Prosperity Consulting Group, LLC is a large advisory firm based in Owings Mills. It manages $239.75 million of regulatory assets for 869 client accounts. It has been registered with the SEC as an adviser since 2015 and has operated in the jurisdictions of Delaware, Florida, Maryland, and 3 other states.
The Prosperity Consulting Group provides financial planning services, portfolio management for individuals and small businesses, pension consulting services, selection of other advisers, and educational seminars and workshops. It prepares financial plans for more than 25 clients. On top of advisory services, the firm doesn't engage in other business activities.
The assets under management (AUM) of The Prosperity Consulting Group, LLC is $239.75 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 102% since the beginning of its operation, and $379.36 thousand of the total AUM is attributable to clients outside of the United States.
The advisory firm has several streams of revenue. Clients pay The Prosperity Consulting Group, LLC for their services and products based on a percentage of assets under management, hourly charges, and fixed fees. Flat-fee based compensation is the most transparent and the one you can safely predict in advance. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.
The firm provides services to individuals, high net worth individuals, and corporations or other businesses. The largest group of clients of Donald Nathan Hoffman is high net worth individuals with 124 clients and $175.8 million of assets under management. Among the 6 most similar advisory firms, The Prosperity Consulting Group has the 3rd highest percentage of high net worth individuals out of all clients.
The amount of regulatory assets under management is $235.43 million for 431 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. None of the firm’s clients are foreign persons or businesses.
The Prosperity Consulting Group doesn't advise any private funds.
The company employs 14 people that are either part- or full-time employees. 64 percent of the employees work as investment advisers or researchers. 9 employees are registered as investment adviser representatives with the state securities authorities.
There’s a single person with the role of looking for and bringing in new clients on behalf of the firm. The firm compensates employees in addition to the salary for bringing in new clients. Employees receive compensation from other entities for client referrals.
Donald Nathan Hoffman has been acting as President since 1 Jan 2000. Donna Carol Gestl joined the executive team most recently as the Member/Cco.
The principal office where The Prosperity Consulting Group, LLC performs its advisory services is located at 10055 Red Run Boulevard, Owings Mills, MD 21117, which is also the mailing address of the firm. An additional office of the firm is in Sykesville, MD. It doesn’t run an office outside of the United States.
You can reach the main office by calling the phone number 410-363-7211 or by fax 1-443-451-8381. The normal business hours are 8:30am-5:00pm on Monday - Friday. You can find more information about the New York firm at prosperityconsult.com.