Prospera Financial Services Inc.FIRM
  • Independent B/D
  • < $10B AUM
  • < 500 Advisors
  • Dallas, TX

At Prospera, we understand that every advisor has a unique definition of success. That’s why our guiding principle is Success Your Way.™ It means financial advisors like you don’t work for Prospera. We work for you. It’s a unique business model that has transformed a small independent broker dealer into a thriving organization with an emerging national presence.

Celebrating 30 years in business, Prospera offers the flexibility and resources only found at the some of nation’s largest broker dealers. So, working with Prospera means you’ll enjoy the best of two worlds – the hands-on expertise of a smaller, service-driven culture and the resources and product platform of one of the largest brokerage firms in the country. Headquartered in Dallas, TX, Prospera was named Broker/Dealer of the Year by Investment Advisor Magazine in 2009, 2010 and 2012. Prospera Financial Services, Inc., is an independent, privately-owned broker/dealer with locations across the country. Prospera supports 130 advisor relationships and manages over 5 billion in assets.

Broker Dealer Summary


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Gross Revenue

Total Gross Revenue
< $50M

Gross Revenue Percentage (%)

Commission Revenue
Fee-Based Revenue
Fixed Insurance / Other

Financial Overview

Total Client Account Assets
< $10B
Total Advisory Assets Under Management
$1B - $25B
Financial Advisor:Staff Ratio
4 : 1

Corporate Profile

5429 LBJ Freeway, Suite 400
Dallas, TX 75240
Corporate Phone Number
Get_phone Find Phone Number
(877) 737-5429
David W. Stringer
Clearing Firm(s)
  • First Clearing
  • Pershing
RIA Custodians
  • TD Ameritrade
  • Fidelity
  • First Clearing
Year Founded
Firm Channel
  • Independent B/D
Computer_icon Find Web Address

Broker Dealer Highlights

Net Excess Capital
< $5M
Participate in Firm Protocol
Financial Advisor Employment Contract
1099 Independent Contractor
Number of Producing Financial Advisors
< 500

Features and Benefits

Firm Specialties
  • Wealth Management
  • Financial Planning
  • Investment Management
  • Retirement Plan Specialist
  • Fixed Income Expertise
  • Insurance Expertise
  • Asset Protection / Risk Management
  • High Net Worth
  • Private Banking and Lending Services
Health Insurance Provided

Payouts and Expenses

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Company Biographies

  • Tim Edwards

    Principal and Executive Vice President

    Tim is a Principal and Executive Vice President of Prospera Financial Services. Tim joined Prospera in September of 1989 and has more than 27 years of experience in the investment industry. In his position as Executive Vice President, Tim is responsible for the overall growth of Prospera. He is charged with the leadership and oversight of New Business Development and the firm’s Organic Growth initiatives. Having previously served as a Financial Advisor, Branch Office Manager, Senior VP of Compliance and Senior VP of Sales and Marketing, Tim’s in-depth knowledge and experience in the independent marketplace is instrumental to his success in leading the firm’s growth initiatives. He received a BS in Geology/Geoscience from Texas Tech University in 1985 and holds Series 7, 24, 31, and 63 as well as Group 1 insurance license. He has also completed the training and course work for his CWS designation. Tim is active within the industry participating in roundtables and serving on SIFMA’s Small Firm and Independent Firm Committees.

  • Tarah Carlow

    Senior Vice President, Marketing & Engagement

    Tarah is Senior Vice President, Marketing & Engagement for Prospera Financial Services. As such, she drives the firm’s marketing, branding and recruiting initiatives. She has served on industry panels and conducted numerous seminars in her field of expertise, which includes recruiting, service and marketing for the broker-dealer marketplace. She has also published numerous white papers and articles on industry-specific topics. Prior to joining Prospera, Tarah began in the business as a technical analyst at Dain Bosworth. Upon moving to Richmond Virginia in 1995, she began a career at Wheat First Securities and First Clearing. She held a variety of roles within First Clearing including Director of Finance, Risk Manager and Chief Administrative Officer. In 2004, she was named President of FA Recruiting Services, LLC and built and operated the entity until her departure in 2007. Tarah graduated from the University of Nebraska with a BS in Finance and later received a certificate from the Security Industry Institute’s three-year program at The Wharton School.

  • Tony Montanari, CIMA®

    Vice President of Business Development

    Tony is Vice President of Business Development. In this role, he focuses on growing Prospera through acquisitions and recruiting financial advisors. Tony is also a member of Prospera’s Investment and Operating Committees. Tony has been in the financial services industry since 1998 when he started his career as a Financial Advisor for Prudential Securities. In 2003, Tony became a founding member of a specialized wealth management team with Smith Barney. After 9 years of working for large Wall Street firms, Tony decided to move to the independent channel in 2009 as Director of Business Development for Capital Guardian, LLC. In just over three years, he was responsible for building the company brand, the products and services platform and growing the advisor-base from 5 to 75 financial advisors. Tony is a graduate of UNC Chapel Hill and currently holds Series 7, 31, 63 & 65 securities licenses as well as life and health insurance licenses. He also holds the CIMA® and AAMS® professional designations and he still works with a select group of clients.