AdvisorCensus / Financial advisors / Utah / Provo / My Prosper Team
My Prosper Team
Filed as MY PROSPER TEAM · Legal name Prosper Wealth Solutions, LLC
My Prosper Team is an SEC-registered investment advisory firm in Lehi, UT, registered since 2020, reporting $25 million to $100 million in regulatory assets under management in its Form ADV filing dated March 27, 2026.
Quick answers
From the filingHow is My Prosper Team compensated?
On its Form ADV (Item 5.E, October 2026), My Prosper Team reports these compensation arrangements: a percentage of assets under its management; hourly charges; fixed fees (other than subscription fees).
How much does My Prosper Team charge?
Its Form ADV Part 2A brochure dated March 27, 2025 states: Hourly rate: $250 an hour (Financial Planning and Consultation Services). Fees can differ by service and may be negotiable; the brochure is the complete statement.
Where is My Prosper Team located?
My Prosper Team's principal office is in Lehi, UT, according to its Form ADV.
Is My Prosper Team registered with the SEC or a state?
My Prosper Team is an SEC-registered investment advisory firm, registered since 2020. Status as filed: Approved. CRD 311144.
How much does My Prosper Team manage?
My Prosper Team reports $58,240,000 in regulatory assets under management in its Form ADV filing dated March 27, 2026 (100% discretionary).
How have My Prosper Team's assets and staff changed since 2021?
In the Form ADV data for My Prosper Team: Regulatory assets under management: $22,500,000 in the October 2021 data and $58,240,000 in the October 2026 data, up 159%. Total employees: 3 in October 2021 and 5 in October 2026. Assets under management move with markets as well as with clients coming and going.
What types of clients does My Prosper Team serve?
By number of clients on Form ADV Item 5.D: individuals (other than high net worth individuals) (394); high net worth individuals (44).
Which custodians does My Prosper Team use?
My Prosper Team's most recent Form ADV filing (Schedule D, Section 5.K(3)) lists Charles Schwab and Goldman Sachs Custody Solutions as custodians holding 10% or more of its separately managed account assets.
Does My Prosper Team report any disciplinary disclosures?
Reports no disclosure items on Form ADV Item 11. The detail of any item is on the firm's SEC record: https://adviserinfo.sec.gov/firm/summary/311144
What changed in My Prosper Team's recent Form ADV filings?
In the April 2026 filing data: Employees performing advisory functions went from 6 to 2. Regulatory assets under management went from $52,508,000 to $58,240,000 (+11%).
From the Form ADV filing
Every figure below is as the firm filed it with regulators, as of October 2026.
How the firm is compensated
Item 5.E- A percentage of assets under your management
- Hourly charges
- Fixed fees (other than subscription fees)
Item 5.E lists how the firm is compensated for its advice; Items 5.B, 6.A, and 7.A show whether its people or related companies can also earn commissions. Percentage of assets, fixed, hourly, subscription, and performance-based fees come from clients (a performance-based fee depends on investment results); commissions come with a sale or a trade, often from the company behind the product. How fees, commissions, and other arrangements differ
Fees and minimums
Form ADV Part 2AHourly rate: $250 an hour (Financial Planning and Consultation Services)
The brochure's wording
Financial Planning and Consultation Services are invoiced in arrears at the following rates: • $250 per hour;
As stated in the firm's Form ADV Part 2A brochure dated March 27, 2025. Fees can differ by service and may be negotiable; the brochure is the complete statement. Read the brochure on the SEC's IAPD site
Regulatory assets under management
Item 5.F$58,240,000 as of October 2026, filing dated March 27, 2026.
A measure of scale, not skill or returns. Discretionary means the firm decides trades; non-discretionary means clients approve each one. What assets under management means
Who the firm serves
Item 5.DA firm with no individual clients is an institutional manager even if it manages billions; the mix tells you whom the practice is built around.
Advisory services
Item 5.G- Financial planning services
- Portfolio management for individuals and/or small businesses
- Selection of other advisers (including private fund managers)
Registration and firm details
Items 1, 2, 5- Legal name
- Prosper Wealth Solutions, LLC
- Registration
- SEC-registered investment adviser. Status as filed: Approved.
- Registered since
- 2020 (5 years)
- Employees
- Total: 5. Performing investment advisory functions: 2.
- Wrap fee program participation
- No.
- Custodians (Schedule D, Section 5.K(3))
-
Custodians holding 10% or more of the firm's separately managed account assets, as filed on Form ADV (Schedule D, Section 5.K(3)). A custodian holds client assets; it does not endorse or supervise the firm. AdvisorCensus has no relationship with any custodian.
- States registered or notice-filed
-
22 states or jurisdictions
SEC-registered investment advisers are examined by the SEC. SEC, state, and exempt registration
Disclosures
Item 11None Reports no disclosure items on Form ADV Item 11. View on IAPD.
Item 11 asks about criminal, regulatory, and civil events involving the firm and its advisory personnel. The detail of each yes answer is on the IAPD record. Reading a firm's disclosures
Assets and staff over time
Items 5.A, 5.F| Data period | Assets under management | Employees | Filing dated |
|---|---|---|---|
| October 2026 | $58,240,000 | 5 | March 27, 2026 |
| October 2025 | $52,508,000 | 6 | March 28, 2025 |
| October 2024 | $39,742,000 | 6 | March 22, 2024 |
| October 2023 | $28,164,000 | 5 | March 10, 2023 |
| October 2022 | $25,174,000 | 5 | March 28, 2022 |
| October 2021 | $22,500,000 | 3 | September 20, 2021 |
Regulatory assets under management: $22,500,000 in the October 2021 data and $58,240,000 in the October 2026 data, up 159%.
Total employees: 3 in October 2021 and 5 in October 2026.
As filed in each year's data for the same month. Assets under management move with markets as well as with clients coming and going; they measure scale, not skill or returns. Most firms update these figures once a year.
Changes in the filing
Last 12 months- April 2026
- Employees performing advisory functions went from 6 to 2.
- Regulatory assets under management went from $52,508,000 to $58,240,000 (+11%).
- January 2026
- No longer registered or notice-filed in MA, NJ.
Compared month to month from the SEC's monthly adviser data and the state compilation feed. Owners and control persons are summarized, never named.
Websites listed on Form ADV
Item 1.ISource: Form ADV, as of October 2026. Values appear as filed; a value the firm did not report is shown as "Not reported."
Cite this page
AdvisorCensus. My Prosper Team (CRD 311144): Form ADV filing data as of October 2026. https://advisorcensus.com/firm/my-prosper-team-lehi-ut-311144