Prosperity Capital Advisors Marks a New Era with New Leadership Appointments
Prosperity Capital Advisors Welcomes New Leadership
In a significant move aimed at accelerating its growth, Prosperity Capital Advisors (PCA), an SEC-registered investment advisor, has announced key leadership appointments with Stan Milovancev stepping in as Co-Chief Executive Officer and Scott Rister as Co-President and Chief Financial Officer. This strategic restructuring underscores PCA's commitment to delivering comprehensive wealth management solutions while enhancing its service offerings for advisors and their clients.
Leadership Changes
Stan Milovancev, who brings more than 30 years of financial services expertise including his previous role as President of CBIZ Investment Advisory Services, is set to work alongside existing Co-CEO Jason L. Smith. Smith will transition to become the Chairman of the Board, maintaining his vision for the organization as it embarks on this new chapter. Milovancev's diverse experience and vision make him an ideal candidate to lead PCA into its next phase of expansion and innovation.
In his own words, Milovancev expressed excitement about his new role, stating, "Joining Prosperity is an incredible opportunity, and I am committed to helping make it a destination advisory firm for clients, advisors, and team members alike." His aim is to further the firm’s mission of simplifying complex financial challenges.
Scott Rister, an accomplished executive with a robust background in finance and advisory services—including his role as Founder and CEO of RF Advisory Group—will join Milovancev in leadership. Rister will work closely with Co-President Dave Alison to enhance PCA's Registered Investment Advisor (RIA) platform and its advanced planning services. Rister's perspective on offering holistic services aligns with PCA’s goal to provide exceptional support to the individuals and families they serve.
A Commitment to Excellence
Jason L. Smith, Co-CEO of PCA, highlighted the importance of these appointments, saying, "Stan's integrity and deep industry expertise make him the ideal partner to help carry our mission forward, while Scott's strategic perspective and operational acumen will enhance our future." With this fresh leadership dynamic, PCA aims to strengthen its reputable position in the financial advisory sector, continuing to support a diverse network of independent advisors across the country.
These leadership changes reflect PCA's dedication to fostering innovation and expanding relationships within the investment community. Milovancev and Rister’s appointments come at a time when PCA is already gaining recognition, having been acknowledged as one of the 50 Fastest Growing RIAs by Financial Advisor Magazine in 2024 and being named one of the Best Places to Work for financial advisors in 2025 by InvestmentNews.
About Prosperity Capital Advisors
PCA is known for its planning-first approach, aimed at simplifying the intricate nature of financial oversight for investors nationwide. The firm’s operations are built on five essential pillars: financial planning, asset management, tax management, protection planning, and legacy planning. By ensuring strategic integration among these areas, PCA’s team facilitates tailored, comprehensive solutions for their clients.
The leadership transition is seen as a pivotal moment for Prosperity Capital Advisors, fueling its ambition not just to maintain its stature in the industry but to redefine it. With a firm belief in a commitment to excellence, PCA seeks to empower advisors through proven processes, effective coaching, and innovative investment strategies.