Wealth manager, independent · Westlake, OH
Prosperity Capital Advisors
C2p Capital Advisory Group, LLC · SEC-registered investment adviser · CRD 156480 · SEC 801-72187
At a glance
Prosperity Capital Advisors is an SEC-registered investment adviser based in Westlake, Ohio, with $4.4B in regulatory assets under management as of its Form ADV filed March 23, 2026. It reports 7,469 individual clients, 990 of them high-net-worth, holding an average of about $0.5 million each, and 244 employees. That ranks it 259th among the nation’s 5,657 independent wealth management RIAs and 15th of 226 in Ohio. It reports 4 custodians for its clients’ separately managed accounts: Charles Schwab, Fidelity Distributors Company, Northern Trust and Assetmark Brokerage.
Main office 888-240-0064prosperitycapitaladvisors.comLinkedInAs filed on Form ADV
- Regulatory AUM
- $4.4B
- Rank among independent wealth managers
- #259 of 5,657
- Rank among all SEC RIAs
- #2,290 of 17,210
- Rank in Ohio
- #15 of 226
- Individual clients
- 7,469
- High-net-worth clients
- 990
- Accounts
- 16,541
- Discretionary
- 100% of AUM
- Employees
- 244
- Advisory staff
- 98
- Offices
- 42
Owners and executives on its Form ADV
- Jason L SmithChief Visionary / Executive Chairman & Founder
- David M. AlisonPresident of Wealth Management / Founding Partner
- Luke W RipienskiChief Compliance Officer
- Ryan P. AsherDirector of Investment Operations
- Stoyan P. PetevSVP of Advanced Markets
- Stanley D. MilovancevCEO
- Juan P. TerraChief People Officer
- KALEM J. MACKEYExecutive Vice President
- Matt R SeitzChief Marketing Officer
Custody and brokerage
4 custodians
- Charles Schwab$2.5B59%
- Fidelity Distributors Company$888M21%
- Northern Trust$541M13%
- Assetmark Brokerage$355M8%
Broker-dealer
Hybrid RIA
Prosperity Capital Advisors is a hybrid RIA: 16 of its employees are also registered representatives of a broker-dealer.
Form ADV Part 1 doesn’t name an unaffiliated broker-dealer. The firm’s Part 2A brochure (Item 10) and each adviser’s record on the SEC’s adviser search do.
Who it serves
| Client type | Clients | Regulatory AUM | Share |
|---|---|---|---|
| High-net-worth individuals | 990 | $2.1B | 48% |
| Individuals | 6,479 | $1.7B | 38% |
| Insurance companies | 1 | $541M | 12% |
| Pension and profit sharing plans | 29 | $33M | <1% |
| Corporations or other businesses | 25 | $30M | <1% |
| Charitable organizations | 24 | $2M | <1% |
Disciplinary disclosures
Prosperity Capital Advisors reports no disciplinary disclosures in Item 11 of Form ADV. Read the details on the SEC’s adviser search ↗
Services
- Financial planning
- Portfolio management for individuals and small businesses
- Portfolio management for businesses and institutions
- Selecting other advisers
- Educational seminars and workshops
How it’s paid
- A percentage of assets under management
- Hourly charges
- Fixed fees
Form ADV and brochures on the SEC’s adviser search ↗prosperitycapitaladvisors.com ↗
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Ten years of SEC filings, its owners and contacts, and how it stacks up against its peers. Atlas members see all of it.
- Assets, accounts, clients and staff, ten years of filings
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- Growth over one, three and five years
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- Rank against 930 peers of its type and size
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- Owners and executives, with titles and stakes
- 9 namedLocked
- Main office, fax and compliance officer
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Free while Atlas launches: create a free account and confirm your email. Every figure comes from SEC filings.
Similar-size RIAs in Ohio
All of Ohio →| Firm | Regulatory AUM | Clients |
|---|---|---|
| Wellspring Family OfficeCleveland | $5.1B | 139 |
| Daymark Wealth Partners, LLCCincinnati | $5.0B | 2,060 |
| Hamilton CapitalColumbus | $4.9B | 2,744 |
| Ancora Private Wealth Advisors, LLCCleveland | $3.9B | 4,414 |
| CM Wealth Advisors LLCBeachwood | $3.6B | 204 |
| Fairway Wealth Management LLCIndependence | $3.0B | 321 |
Background
Questions
How much does Prosperity Capital Advisors manage?
Prosperity Capital Advisors reports $4.4B in regulatory assets under management across 16,541 accounts, 100% of it on a discretionary basis, on its Form ADV filed March 23, 2026.
How many clients does Prosperity Capital Advisors have?
It reports 7,469 individual clients: 990 high-net-worth individuals and 6,479 other individuals. Individuals account for about 86% of its regulatory assets.
Where is Prosperity Capital Advisors headquartered?
Its main office is in Westlake, Ohio. It reports 42 offices in total and 244 employees, 98 of whom perform investment advisory functions.
How does Prosperity Capital Advisors charge clients?
On Form ADV it lists these forms of compensation: a percentage of assets under management; hourly charges; fixed fees. Fees and minimums are set out in its Form ADV Part 2A brochure, available on the SEC’s adviser search.
What custodian does Prosperity Capital Advisors use?
It reports 4 custodians for its clients’ separately managed accounts: Charles Schwab, Fidelity Distributors Company, Northern Trust and Assetmark Brokerage. On Schedule D of its Form ADV filed March 23, 2026, it reports these amounts held: Charles Schwab ($2.5B); Fidelity Distributors Company ($888M); Northern Trust ($541M); Assetmark Brokerage ($355M). Form ADV lists only custodians holding 10% or more of separately managed account assets.
Is Prosperity Capital Advisors a hybrid RIA with a broker-dealer?
Prosperity Capital Advisors is a hybrid RIA: 16 of its employees are also registered representatives of a broker-dealer. Those representatives can also earn commissions on brokerage business through the broker-dealer, where different rules apply than for advisory accounts.
Is Prosperity Capital Advisors a fiduciary?
As an SEC-registered investment adviser, Prosperity Capital Advisors owes its advisory clients a fiduciary duty under the Investment Advisers Act of 1940, which includes duties of care and loyalty. 16 of its employees are also registered representatives of a broker-dealer, where different rules apply to brokerage recommendations.
Where these numbers come from
Every figure is Prosperity Capital Advisors’s own answer on its latest Form ADV, from the SEC’s registered-adviser list as of October 1, 2026: regulatory assets and accounts (Item 5.F), clients by type (5.D), employees (5.A and 5.B), compensation (5.E) and services (5.G). Custodians come from Schedule D 5.K(3) of its latest filing (2026-03-23), which lists those holding 10% or more of separately managed account assets and the amount at each. “Hybrid” means some employees are also registered representatives of a broker-dealer (Item 5.B(2)); affiliated broker-dealers are the related persons it lists in Item 7.A and Schedule D. Firm type comes from its own answers: broker-dealer firms are registered broker-dealers themselves (Item 6.A); private fund advisers manage mostly private funds (Item 7.B, 5.D); wealth managers manage at least half their assets for individuals (5.D). Its national rank compares it with every US-based independent wealth management RIA, the same field as The Largest RIAs. Figures are as of the firm’s last annual update, so they can lag recent deals and market moves. Regulatory AUM counts assets the firm continuously supervises and can differ from what a firm markets.
Not an endorsement or a recommendation. Before hiring any adviser, read its Form ADV Part 2A brochure and check its record on the SEC’s adviser search. How to check a financial advisor →