James Smith
James Smith is a registered investment advisor at Prospera Financial Services, INC., based in Houston, TX, with 45 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
Houston, TX
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Regulatory History (6)
Customer Dispute
July 2005Customer Dispute
October 2004Customer Dispute
August 2003Customer Dispute
January 2002Customer Dispute
February 1999Customer Dispute
December 1988Other 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.
Prospera Financial Services, INC.Broker
Previous Registrations
UBS Financial Services INC.Broker
UBS Financial Services INC.
Citigroup Global Markets INC.Broker
Citigroup Global Markets INC.
Lehman Brothers INC.Broker
Oppenheimer & CO., INC.Broker
Essex CompanyBroker
Underwood, Neuhaus & CO., IncorporatedBroker
State Registrations5 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.