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Updated September 28, 2026. Quick answer: Prospera Financial Services discloses a maximum, individually negotiated rate of 2.15% in its Form ADV Part 2A (September 30, 2025). Converted to dollars, that runs $10,750 a year on a $500,000 account; see the full table below for $250,000, $1 million and $2 million.
The published numbers
From the Form ADV Part 2A (September 30, 2025): “Fees charged on all assets are negotiable and the maximum annual fee charged for program accounts shall not exceed 2.15% of assets under management.”
Note: CRD 10740 was confirmed ACTIVE and SEC registered through a live SEC IAPD lookup on September 28, 2026. The registrant is Prospera Financial Services, Inc. of Dallas, Texas, a dually registered broker-dealer and investment adviser that also does business as Prospera Wealth Advisors and under many advisor-branded names. The firm reports about $12.4 billion in regulatory assets under management as of June 30, 2025. The priced figure is the stated maximum for its advisory programs, which serve individual clients, including high net worth individuals.
The published maximum: 2.15% per year (The priced figure is the stated 2.15% maximum annual fee for the firm’s advisory programs, which the brochure repeats for Summit, Summit RBC, Summit Schwab, Asset Advisor, Private Investment Management, Custom Choice, FundSource, Pathways and the Advisor as Portfolio Manager, Separately Managed Account and Unified Managed Account programs. The Summit programs are wrap fees that also cover custody and execution. In the Private Advisor Network program, fees charged by the selected money managers are billed and collected separately from the fee the firm retains, so total cost there is higher. When the firm acts as a sub-adviser to other advisers’ clients, its own fee of up to 0.35% is either charged in addition to the program fee or included in it. Fund-level expenses, custodial account fees and interest on margin or securities-based loans are not part of the figure.).
What you would pay
| Account balance | Annual fee (dollars) | Effective rate |
|---|---|---|
| $250,000 | $5,375 | 2.15% |
| $500,000 | $10,750 | 2.15% |
| $1,000,000 | $21,500 | 2.15% |
| $2,000,000 | $43,000 | 2.15% |
Each balance is priced at the stated 2.15% maximum annual fee applied to the whole account value. The brochure discloses no minimum annual dollar fee for the Summit programs, which have no minimum account size, so no floor applies. These are ceiling figures, not typical charges, since the brochure says fees are negotiable and depend on factors such as account size and the complexity of the client’s situation.
How this compares
Our benchmark of published adviser fee schedules puts the weighted median annual cost near $2,000 to $2,500 on $250,000 (the benchmark). At $500,000, Prospera Financial Services’s own published maximum rate runs up to $10,750 a year.
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- Form ADV Part 2A (September 30, 2025): https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=992134
- SEC Investment Adviser Public Disclosure, Prospera Financial Services, Inc. (CRD #10740): https://adviserinfo.sec.gov/firm/summary/10740
- Prospera Financial Services, Inc., SEC Form ADV filing: https://reports.adviserinfo.sec.gov/reports/ADV/10740/PDF/10740.pdf
Methodology. This page was built September 28, 2026, drawing on Prospera Financial Services’s own SEC-filed disclosure and, where cited, its published fee schedule, with sources linked above; any figure we could not independently confirm before publication is named as an honest gap rather than presented as verified. Nothing here is personalized financial, tax, legal, or investment advice. See our Editorial Policy, Corrections, Affiliate Disclosure, and Disclaimer.
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