Neal Sullivan
Neal Sullivan is a registered investment advisor at Prospect Financial Services LLC, based in Farmingdale, NY, with 35 years of industry experience. Neal operates on a fee-only basis, meaning they do not earn commissions from product sales. Their practice areas include Financial Planning & Coaching, High Net Worth, Investment Management, Retirement Planning. Their firm serves 643 clients with $420M in assets under management.
Compensation
Firm Size
Number of Clients
Average Client Portfolio
Assets Under Management
Fee Structure
Prospect Financial charges a percentage of your portfolio annually for wealth management services. The fee can be up to 2.50% per year, depending on the complexity of your situation, the amount of assets managed, and the overall relationship with Prospect Financial. The fee is calculated based on the market value of your portfolio at the end of the prior quarter and is paid in advance. Fees may be negotiable.
Location
Farmingdale, NY
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Regulatory History
No disclosures, customer disputes, or regulatory actions on file.
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Neal operates Prospect Financial Services LLC as a DBA for his LPL business and as a Registered Investment Advisor. He also owns multiple rental real estate properties and coaches basketball, dedicating about a quarter of his time to Prospect Financial Services LLC.
Employment History
Current Registrations
Prospect Financial Services LLC
LPL Financial LLCBroker
Previous Registrations
Merrill Lynch, Pierce, Fenner & Smith Incorporated
Merrill Lynch, Pierce, Fenner & Smith IncorporatedBroker
Fbn Securities, INC.Broker
Instinet, LLCBroker
Bear, Stearns & CO. INC.Broker
Bear, Stearns & CO. INC.Broker
Institutional Direct INC.Broker
Bny Brokerage INC.Broker
Autranet, LLCBroker
State Registrations2 states
You can work with an advisor not registered in your state. Most advisors can legally serve a small number of clients across state lines without registering.