Prosperity Capital Advisors Achieves Top 20 Ranking as One of the Fastest Growing RIAs in 2025

Prosperity Capital Advisors Ranked Among Fastest Growing RIAs

Prosperity Capital Advisors is thrilled to announce its recent ranking as one of the 50 Fastest Growing Registered Investment Advisors (RIAs) in the country, as highlighted by Financial Advisor Magazine. The firm, which follows a planning-first approach and is registered with the SEC, has proudly secured the 17th position on this esteemed list. This recognition not only reflects the firm’s impressive growth trajectory but also its dedication to delivering exceptional wealth management services to its clients.

In a remarkable year for the firm, Prosperity saw more than 52% growth in assets under management (AUM), which surged to $3.68 billion across its client base of over 7,096 individuals. The achievement of being featured on the list for two consecutive years symbolizes a deeper trust instilled in the firm by its clients and a testament to the hard work and commitment displayed by the team. Jason L. Smith, the Founder and Co-CEO of Prosperity, emphasized how their collective efforts and client-first approach have driven the firm to this remarkable feat.

Prosperity’s ascent up the ranks from previous years has been a source of pride. The acknowledgment is particularly significant, given the firm’s efforts in maintaining a consistent upward trajectory that showcases its strategic vision and client-centric principles. It is notable that, in addition to being ranked among the fastest-growing firms, Prosperity also secured a place at #133 in the overall asset category ranking for RIAs managing over $1 billion, and the same spot in the discretionary versus non-discretionary AUM category.

Furthering its ambitions, Prosperity Capital Advisors has also made some vital changes in its leadership. In 2025, the appointment of Stan Milovancev as Co-CEO, alongside Scott Rister as Co-President and CFO, represents a strategic move to bolster the firm’s operational capabilities and expand its national presence. These strategic leadership changes are reflective of a long-term growth vision and an aspiration to empower advisors with effective processes and solutions. Milovancev stated, “We aim to be a significant destination advisory firm serving clients nationwide and focus on creating an environment that empowers advisors and provides excellent outcomes for clients.”

The ranking achieved by Prosperity is a segment of Financial Advisor Magazine's rigorous analysis conducted through surveys, which derive insights from voluntary submissions from independent RIAs. Firms must manage over $500 million in AUM to qualify, ensuring a robust and credible ranking system. The firm’s improvements and upward momentum have continually bridged the gap between their objectives and client satisfaction, demonstrating how a strong operational foundation can lead to exceptional growth.

Prosperity Capital Advisors specializes in simplifying complex financial situations, centered around five core pillars: financial planning, asset management, tax management, protection planning, and legacy planning. The firm's holistic and integrated approach employs fiduciary advisors who coordinate strategic solutions tailored to the diverse needs of its clients. With a skilled team of professionals, including CERTIFIED FINANCIAL PLANNER™ practitioners and tax specialists, Prosperity is evidently dedicated to enhancing the financial welfare of its clientele.

In conclusion, the accolades and rankings received by Prosperity Capital Advisors are not just numbers; they convey a story of growth, trust, and a team committed to excellence. As the firm focuses on its future objectives and continues nurturing its client relationships, it sets a benchmark in the financial advisory industry, indicative of its commitment to bring forth better financial outcomes for all stakeholders involved. For more information about Prosperity Capital Advisors and their services, visit prosperitycapitaladvisors.com.