TrueAdvisor
TrueAdvisor
JS
JS

James Smith

Prospera Financial Services, INC.
45 Years of Experience
Houston, TX
6 DisclosuresBrokerSells Insurance
View SEC Summary
View SEC Summary

James Smith is a registered investment advisor at Prospera Financial Services, INC., based in Houston, TX, with 45 years of industry experience. James 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

Houston, TX

Get directions

History

Regulatory History (6)
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.
Customer Dispute
July 2005
Settled
Customer Dispute
October 2004
Denied
Customer Dispute
August 2003
Settled
Customer Dispute
January 2002
Denied
Customer Dispute
February 1999
Denied
Customer Dispute
December 1988
Settled
View Full SEC ReportHow to Read Disclosures
Other Business ActivitiesSells Insurance

James is an insurance agent in a fixed insurance business, spending a few hours per week on it. He is also a trustee for the Newman Living Trust, dedicating a few hours per week to this non-investment related activity.

Employment History
Current Registrations
Prospera Financial Services, INC.
March 2019 - Present · 7 yrs 7 mos
Prospera Financial Services, INC.Broker
March 2019 - Present · 7 yrs 7 mos
Previous Registrations
UBS Financial Services INC.Broker
February 2009 - April 2019 · 10 yrs 2 mos
UBS Financial Services INC.
February 2009 - April 2019 · 10 yrs 2 mos
Citigroup Global Markets INC.Broker
July 1993 - February 2009 · 15 yrs 7 mos
Citigroup Global Markets INC.
July 1993 - February 2009 · 15 yrs 7 mos
Lehman Brothers INC.Broker
January 1988 - July 1993 · 5 yrs 6 mos
Oppenheimer & CO., INC.Broker
January 1984 - January 1988 · 4 yrs
Essex CompanyBroker
February 1983 - February 1984 · 1 yr
Underwood, Neuhaus & CO., IncorporatedBroker
November 1980 - January 1983 · 2 yrs 2 mos
State Registrations5 states
FLGAINLATX
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 Houston, TX →All financial advisors in Texas →