TrueAdvisor
TrueAdvisor
TC
TC

Thomas Caruso

Prospera Financial Services, INC.
45 Years of Experience
McLean, VA
1 DisclosureBroker
View SEC Summary
View SEC Summary

Thomas Caruso is a registered investment advisor at Prospera Financial Services, INC., based in McLean, VA, with 45 years of industry experience. Thomas is also registered as a broker, so some compensation may come from commissions on products sold. Their practice areas include Estate Planning, Financial Planning & Coaching, Insurance Planning, Investment Management, and 2 more. Their firm serves 19,103 clients with $12B in assets under management.

Prospera Financial Services, INC.
Compensation
Commission-BasedFee-Only (% of Portfolio)Fixed/Hourly
Firm Size
283 advisors
Number of Clients
19,103 clients
Average Client Portfolio
$651K average
Assets Under Management
$12.4B

Fee Structure

Minimum Investment:None
Planning is included in investment management (also available separately)
Portfolio-Based Fees (Flat)
Portfolio ValueAnnual Fee
Any2.15%

Maximum annual fee across investment management programs is 2.15% of assets under management. Fees are negotiable based on account size, complexity, and services provided.

Fee Estimator
Your Portfolio Value
$500K
$0$500K$1M$5M$20M
Estimated Annual Fee
—
View Full SEC Brochure

Location

1660 International Dr, Suite 600, McLean, VA, 22102

Get directions

History

Regulatory History (1)
What are disclosures? Advisors must report customer complaints, regulatory actions, and certain legal or financial events to the SEC. Not all disclosures are serious—many are settled disputes or minor violations. Learn how to evaluate them.
Employment Separation After Allegations
December 2022
View Full SEC ReportHow to Read Disclosures
Other Business Activities

Thomas is the President/Owner of Puglia LLC, which is not investment related. This takes minimal time and contributes a small percentage to his annual income.

Employment History
Current Registrations
Prospera Financial Services, INC.
March 2023 - Present · 3 yrs 7 mos
Prospera Financial Services, INC.Broker
January 2023 - Present · 3 yrs 9 mos
Previous Registrations
Prospera Financial Services, INC.
January 2023 - January 2023 · 0 mos
Ameriprise Financial Services, LLCBroker
January 2015 - January 2023 · 8 yrs
Ameriprise Financial Services, LLC
January 2015 - January 2023 · 8 yrs
Morgan StanleyBroker
June 2009 - January 2015 · 5 yrs 7 mos
Morgan Stanley
June 2009 - January 2015 · 5 yrs 7 mos
Morgan Stanley & CO. Incorporated
August 2007 - June 2009 · 1 yr 10 mos
Morgan Stanley & CO. IncorporatedBroker
August 2007 - June 2009 · 1 yr 10 mos
Wachovia Securities, LLC
July 2003 - August 2007 · 4 yrs 1 mo
Wachovia Securities, LLCBroker
July 2003 - August 2007 · 4 yrs 1 mo
Prudential Securities Incorporated
April 1994 - July 2003 · 9 yrs 3 mos
Prudential Securities IncorporatedBroker
August 1989 - July 2003 · 13 yrs 11 mos
Thomson Mckinnon Securities INC.Broker
May 1981 - August 1989 · 8 yrs 3 mos
State Registrations15 states
AZDCDEFLGAHIIDMDNCNHNYPATXVAWV
AdvisorBrokerBoth

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.

Exams
No exam information available for this advisor.
More Advisors
More financial advisors in McLean, VA →All financial advisors in Virginia →