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Prosper Advisors LLC (Armonk)


Prosper Advisors LLC is a large advisory firm based in Armonk. It manages $305.74 million of regulatory assets for 543 client accounts. It has been registered with the SEC as an adviser since 2005 and has operated in the jurisdictions of California, Connecticut, Florida, and New York.

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Prosper Advisors provides financial planning services, portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, pension consulting services, selection of other advisers, and consulting. It prepares financial plans for more than 25 clients. On top of advisory services, the firm doesn't engage in other business activities.

Prosper Advisors: assets under management

The assets under management (AUM) of Prosper Advisors LLC is $305.74 million. The firm's AUM has grown by 222% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.


The firm manages $304.9 million in discretionary accounts and $839.05 thousand in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $564.63 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $279.68 thousand.
Prosper Advisors has custody of $10.37 million in cash and securities for 4 clients in total but doesn’t act as a qualified custodian.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Prosper Advisors LLC for their services and products based on a percentage of assets under management and fixed fees. Compensation based on assets under management promotes a long-term relationship between a client and the adviser and helps align mutual interests. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

Based in Armonk

The principal office where Prosper Advisors LLC performs its advisory services is located at 20 Bedford Road, Armonk, NY 10504, which is also the mailing address of the firm. An additional office of the firm is in New York, NY. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 914-730-3500 or by fax 914-940-3515. The normal business hours are 9:00 am to 5:00 pm on Monday - Friday. You can find more information about the New York firm at www.prosperadv.com.


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