Michael Beard
Michael Beard is a registered investment advisor at Prospera Financial Services, INC., based in Lamar, CO, with 13 years of industry experience. Their practice areas include Estate Planning, Retirement Planning. Their firm serves 19,103 clients with $12B in assets under management.
Compensation
Firm Size
Number of Clients
Average Client Portfolio
Assets Under Management
Fee Structure
Prospera Financial Services offers investment management through various programs. The fees are based on a percentage of your portfolio's value and are negotiable, but the maximum annual fee is 2.15%. The specific fee and services are agreed upon in an advisory agreement. Fees are typically deducted from your account. Some programs may have additional fees, such as transaction costs or sub-account fees. Prospera also participates in revenue sharing with custodians and other third parties, which creates a conflict of interest.
Location
109 West Lee Ave., Suite 11, Lamar, CO, 81052
Get directionsHistory
Regulatory History (1)
Employment Separation After Allegations
April 2023Other Business Activities
Michael is involved with PSM Property 1 LLC, a commercial rental property, since March 2025. He dedicates a few hours per week to property management services.
Employment History
Current Registrations
Prospera Financial Services, INC.Broker
Prospera Financial Services, INC.
Previous Registrations
Edward Jones
Edward JonesBroker
State Registrations18 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.