#United States #Rochester #Wealth Management #Prospera Financial #Cornerstone Wealth

Prospera Financial Services Expands Reach in New York

Prospera Financial Services, Inc. has recently announced a significant expansion of its presence in the state of New York through an exciting partnership with Cornerstone Wealth Management based in Rochester. This alliance comes as a pivotal move for both firms, marking a new chapter in their commitment to delivering exceptional wealth management services across the United States.

Cornerstone Wealth Management, which operates under the leadership of founding members Marc Johnson and Gene Richardson, is known for its personalized approach to helping clients navigate the complexities of retirement planning, estate strategies, risk management, and multi-generational wealth management. The Cornerstone team is not small; it comprises eight financial advisors, including two support staff, all of whom are now affiliated with Prospera. With over $600 million in assets under management, Cornerstone serves clients in 25 states, solidifying its reputation as a trusted partner in financial planning.

Tarah Williams, President and COO of Prospera, emphasized the importance of personal connections in client support. “As a practice becomes more sophisticated, maintaining that personal touch becomes even more crucial,” she said. For Williams, it's a priority to ensure that Cornerstone retains its client-focused approach amidst growth. She continued, “Our role is to provide the necessary resources, facilitate decision-making, and offer the flexibility needed for the team to continue serving clients effectively.”

Extensive Expertise in Financial Advisory

The combined experience of Johnson and Richardson totals nearly 75 years, providing them with a wealth of knowledge in navigating financial crises and the subsequent societal shifts. They have successfully guided clients through historical events, from the significant market crash known as Black Monday in 1987 to the contemporary challenges posed by the COVID-19 pandemic. This accumulated wisdom has equipped their team of advisors to handle diverse situations expertly, adapting strategies tailored to each client's needs.

Johnson expressed enthusiasm for the partnership, indicating that the alignment of visions between Cornerstone and Prospera was a key factor in their decision. “We were looking for a partner that resonates with our long-term goals, and we found that in Prospera,” he stated. “Their commitment to personalized support, cultural alignment, innovative technology, and the focus on fostering the growth of independent financial advisors made the decision straightforward for us.”

Prospera currently supports over 240 independent financial advisors, managing an impressive $32 billion in client assets. The firm prides itself on maintaining a healthy advisor-to-home-office staff ratio of 2.51, ensuring that each advisor receives tailored support and ample resources characteristic of its boutique approach.

About Prospera Financial Services

Founded in 1982, Prospera Financial Services operates as a respected independent broker-dealer headquartered in Dallas, Texas. As a member of FINRA/SIPC and a registered investment adviser, Prospera is dedicated to empowering independent financial professionals through a service-oriented culture. The company emphasizes flexibility and resources that enable advisors to grow their businesses and effectively serve their clientele.

To learn more about their services and advisory resources, visit www.prosperafinancial.com.

In summary, the partnership between Prospera and Cornerstone Wealth Management marks an exciting development in the wealth management landscape, promising enhanced services and client-focused approaches in the ever-evolving financial sector.