Colorado-based Firm Expands Western Footprint
DALLAS, August 2, 2023 — Prospera Financial Services, Inc. (“Prospera”), a boutique wealth management firm supporting a nationwide network of independent advisors, today announced the addition of Paraclete Wealth Consultants of Lamar, Colorado, with $89 million in assets under management (AUM).
Paraclete Wealth Consultants — founded this year — is led by Founder and Chief Wealth Advisor Michael Beard and supported by Client Services Specialists Brittany Beard and Tami Beard. Paraclete takes a faith-based approach in working with farmers, ranchers, and business owners near retirement age or in retirement who have a net worth of at least $1 million.
“Michael and his team have launched a successful practice with significant growth opportunities in the greater Lamar, Colorado area,” said Tarah Williams, Prospera’s President and Chief Operating Officer. “We welcome Paraclete to the Prospera family and support their future expansion.”
Beard has more than a decade of wealth management experience helping families and multi-generations achieve their financial goals and create a legacy.
He said, “Prospera provides the right balance of independence and support to grow my business and establish a personal brand in my community.”
Founded by financial advisors for financial advisors, Prospera’s boots-on-the-ground leadership team puts a premium on soliciting and acting upon advisor feedback. The firm maintains a 2.4:1 rep-to-home office ratio to ensure every advisor receives the personalized support they deserve. Prospera continues to grow organically and through M&A efforts and has increased revenue by 108% over the past five years.
About Prospera Financial Services
Founded in 1982, Prospera Financial Services, Member FINRA, SIPC and a registered investment advisory, offers the flexibility and resources only found at some of the nation’s largest broker-dealers. Headquartered in Dallas, Prospera was named Broker-Dealer of the Year by Investment Advisor Magazine in 2009, 2010, 2012, 2014, 2015, 2018 and 2019.
Prospera is a 5-time winner and 7-time finalist for WealthManagement.com’s Industry Awards as well as a ThinkAdvisor Luminaries award winner in its inaugural year. The firm supports independent financial advisors nationwide. For more information about Prospera, visit www.joinprospera.com.
