State-registered independent wealth management RIA
Prosperity Asset Management, LLC
As of its Form ADV filed June 10, 2026, Prosperity Asset Management, LLC, a state-registered independent wealth management RIA in Louisville, Kentucky, reported $56.6 million in regulatory assets under management across 923 accounts, ranking #80 among independent RIAs in Kentucky by assets.
Registration
- Main office
- Louisville, KY
- Registration
- State-registered, Approved
- CRD number
- 286028
- SEC file number
- None (state-registered)
- Registered since
- January 3, 2017
- Latest Form ADV filing
- June 10, 2026
- Organized as
- Limited Liability Company
- Fiscal year ends
- December
- Other offices
- 2
Key figures
- Regulatory assets under management
- $56.6 million
- Discretionary
- $56.6 million (100.0%)
- Non-discretionary
- $0
- Accounts
- 923 (923 discretionary)
- Clients
- 195, approximate as reported
- Employees
- 3
- Advisory staff
- 2 performing investment advisory functions
- Average account
- $61,312
- Asset growth, 1 year
- Not reported
- Asset growth, 3-year annual rate
- Not reported
- Asset growth, 5-year annual rate
- Not reported
- Client growth, 1 year
- Not reported
Independent wealth management RIA: individual and high net worth clients hold at least half of its regulatory assets, it offers financial planning or portfolio management for individuals, and it is not a broker-dealer, a bank or part of one by the directory's rules. How firms are classed.
Growth rates come from the SEC's yearly snapshots and are left blank when the years are not comparable.
Rankings
Among independent wealth management RIAs.
| Ranking | Nationally | In Kentucky | Value |
|---|---|---|---|
| Largest independent RIAs by assets under management | #10,137 | #80 | $56.6 million |
| Independent RIAs with the most clients | #5,641 | #57 | 195 |
| Independent RIAs with the most accounts | #2,813 | #34 | 923 |
| Independent RIAs with the most advisory staff | #6,488 | #63 | 2 |
| Independent RIAs with the most high net worth clients | #10,316 | #72 | 16 |
Assets over time
Data table
| As of | RAUM |
|---|---|
| October 7, 2026 | $56.6 million |
Clients and services
Client mix
| Measure | Bar | RAUM |
|---|---|---|
| Individuals (other than high net worth) 179 clients | $38.6 million | |
| High net worth individuals 16 clients | $18.0 million |
How the firm is paid
- A percentage of assets under management
- Fixed fees
Advisory services
- Financial planning
- Portfolio management for individuals or small businesses
- Selection of other advisers
- Educational seminars or workshops
Financial planning clients (Item 5.H): 26-50.
Wrap fee program sponsor or portfolio manager: no.
Other business, affiliations and custody
Other business activities (Item 6.A)
- Insurance broker or agent
Financial industry affiliations (Item 7.A)
None reported.
Custody (Item 9)
The firm reported no custody of client cash or securities.
Investment adviser representatives
- IARs registered with the firm
- 2
- Also registered through a broker-dealer
- 0
- Employees who are IARs (Form ADV 5.B(3))
- 2
Designations held by the firm's IARs: ChFC 1.
Between 1 and 2 of the firm's 2 IARs are registered in jurisdictions that require IAR CE. The source counts registrations by jurisdiction, and many IARs are registered in more than one, so the exact number is not knowable from it. IAR CE requirements by state.
Counts only. AdvisorIQ does not list individual people.
Disclosures
On Form ADV Item 11 the firm answered yes to at least one disclosure question; our source does not give the count. See the detail on IAPD.
Succession and acquired firms
On Form ADV Item 4 the firm did not report succeeding to another adviser's business.
Similar-sized firms in Kentucky
| Firm | City | RAUM |
|---|---|---|
| Fire Wealth Management, LLC | Mayfield | $57.5 million |
| Jla Capital, LLC | Prospect | $57.4 million |
| Thompson Investment Advisors | Louisville | $57.0 million |
| Proactive Advisors, LLC | Lexington | $56.8 million |
| Federal Hill Capital Management | Bardstown | $55.6 million |
The five independent RIAs nearest in regulatory assets with a main office in the same state.
Elsewhere
- Prosperity Asset Management, LLC on IAPD: Form ADV, brochures and disclosure detail.
- Firm website: www.prosperityassetmanagement.com
- Independent RIAs in Kentucky
Firm data as of October 7, 2026, from IA_FIRM_STATE_Feed_10_07_2026.xml.gz. Figures are as the firm reported them; corrections are made on Form ADV and appear after the next monthly reload.
Data as of October 7, 2026, from Form ADV. Sources: SEC registered adviser data (ia100226.zip) and IAPD compilation reports. How the directory is built.