Prosperitas Wealth Management
Prosperitas Wealth Management is a sole-practitioner independent RIA in Katy, Texas, founded by Thomas Payne, delivering financial planning, asset management, estate planning, and insurance to individuals, families, small-business owners, and faith-based investors nationwide.
- Company typePrivate
- Founded2004
- HeadquartersArlington, United States
- Headcount1–10
- GTM typeB2C
- OfferingServices
What Prosperitas Wealth Management does
Prosperitas Wealth Management LLC is an independent Registered Investment Advisor founded in 2004 by Thomas Payne and headquartered in Katy, Texas, operating as a sole-practitioner financial advisory firm under parent Encompass Advisory Services, LLC. The firm delivers a unified wealth management platform targeting individuals, families, small-business owners, and a niche segment of faith-based and Catholic Values investors. Service lines include comprehensive financial planning, asset management, estate planning, and insurance (life, disability, long-term care). The firm has been registered as its own RIA with the Texas State Securities Board since 2021, after operating through several broker-dealers and a partnership with Trinity Fiduciary Partners.
The firm's technology stack is built entirely on third-party platforms repackaged under PWM-branded client portals: PWM Wealth Management System (powered by eMoney) for financial planning and account aggregation; PWM Reporting & Performance Hub (powered by Advyzon) for quarterly performance reporting; and PWM Control Center (powered by Basecamp) for project and action-item tracking. Asset custody is provided by Charles Schwab, with Pontera enabling management of held-away retirement assets. Estate planning document creation is delivered through Wealth.com across all 50 states. Investment management is offered through 21 model portfolios spanning 6 risk tiers in unscreened, faith-based, and Catholic Values variants constructed with ETFs.
Revenue is generated through tiered AUM-based advisory fees (1.00% on the first $1M declining to 0.40% above $25M), a 0.10% unmanaged-asset reporting fee, complexity-based financial planning fees, and fixed estate planning document fees ($250 individual / $500 couple). Go-to-market is consultative and direct-to-consumer, anchored by a personal-referral network, content marketing (newsletters, video library, 100+ educational checklists), and online scheduling. The entire client relationship is managed by Thomas Payne as sole advisor, making the practice highly dependent on a single principal.
Prosperitas Wealth Management firmographics
Firmographics- Name
- Prosperitas Wealth Management
- Legal name
- Prosperitas Wealth Management LLC
- Website
- https://prosperitaswm.com
- Company type
- Private
- Founded year
- 2004
- Operating status
- Operating
- Headcount range
- 1–10 employees
- Short description
- Prosperitas Wealth Management is a sole-practitioner independent RIA in Katy, Texas, founded by Thomas Payne, delivering financial planning, asset management, estate planning, and insurance to individuals, families, small-business owners, and faith-based investors nationwide.
- Ownership category
- akta.pro rank
Prosperitas Wealth Management industry classification
Industry- Product category
- Wealth Management
- NAICS
- Portfolio Management and Investment Advice (523940), Trusts, Estates, and Agency Accounts (52592)
- SIC
- Investment Advice (6282)
- akta.pro primary industry
- Managed Accounts & Model Portfolios (SMA/UMA) (FSAAAAAG)
- akta.pro secondary industries
- Estate & Probate Administration Services (FSAEAKAD), Philanthropy & Foundations Advisory (Donor-Advised Funds, Endowments) (FSAAABAH)
Keywords
Where Prosperitas Wealth Management is headquartered
LocationHeadquarters
- HQ city
- Arlington
- HQ country
- United States
- HQ region
- North America
Offices2 records
Markets served
Prosperitas Wealth Management business model
Business model- GTM type
- B2C
- Offering type
- Services
- Cost components
- Personnel, Technology or R&D, Operations, Marketing or Sales, Others
Revenue model
- AUM-Based Investment Management Fees: Annual fees assessed quarterly based on average daily balance of managed assets held at Charles Schwab or accessible via Pontera. Fees are tiered by asset level, starting at 1.00% for first $1M and decreasing to 0.40% for assets over $25M. Minimum quarterly fee of $125 per household. Advisory fees are aggregated per household of managed accounts only.
- Unmanaged Asset Reporting Fees: Annual fee of 0.10% for assets that Prosperitas includes in account and performance reporting but does not actively manage. Assets may be held at any custodian.
- Financial Planning Advisory Fees: Fees for year-long financial planning engagements based on complexity of planning provided. Fees due at beginning of financial planning process. Some clients served on hourly basis for smaller projects. Includes access to PWM Wealth Management System, PWM Control Center, and PWM Reporting & Performance Hub.
- Estate Planning Document Fees: One-time fees for estate planning documents: $250 for individual, $500 for couple. Includes Last Will & Testament, Revocable Trust & Pour-Over Will, Financial Power of Attorney, Advance Health Care Directive, and Guardianship Nominations. Optional financial advisor assistance at $250/hour. Optional annual subscription for unlimited document changes at $49/year after first year.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Quarterly | First $1,000,000 of managed assets |
| Subscription | Quarterly | Assets $1M-$2.5M |
| Subscription | Quarterly | Assets $2.5M-$5M |
| Subscription | Quarterly | Assets $5M-$10M |
| Subscription | Quarterly | Assets $10M-$25M |
| Subscription | Quarterly | Assets over $25M |
| Subscription | Quarterly | Unmanaged Assets (all levels) |
| One time/ perpetual license | Multi-year contract | Estate Planning - Individual Documents |
| One time/ perpetual license | Multi-year contract | Estate Planning - Couple Documents |
| Subscription | Multi-year contract | Optional Financial Advisor Assistance - Individual |
| Subscription | Multi-year contract | Optional Financial Advisor Assistance - Couple |
| Subscription | Annual | Continuing Service - Annual Subscription |
Go-to-market motion2 records
Distribution channels3 records
Marketing channels7 records
Prosperitas Wealth Management product offering
Product offeringCore offering
Prosperitas Wealth Management is an independent Registered Investment Advisor that delivers comprehensive wealth management services including financial planning, investment management with tiered AUM-based fees, estate planning, and insurance planning for individuals, families, small-business owners, and institutional clients. Services are delivered through proprietary PWM-branded client portals (PWM Wealth Management System, PWM Reporting & Performance Hub, PWM Control Center) backed by partner platforms including eMoney, Advyzon, Basecamp, Charles Schwab, Pontera, and Wealth.com.
Product overview
Prosperitas Wealth Management operates as a unified wealth management platform combining multiple integrated services. The core offering centers on three main products: Financial Planning Services (covering budgeting, investments, retirement, tax, and estate planning), Investment Management with 21 Model Portfolios across risk levels and Catholic Values strategies, and Insurance Services (life, disability, and long-term care). These are delivered through proprietary platforms: PWM Wealth Management System (powered by eMoney) for financial planning and account aggregation, PWM Reporting & Performance Hub (powered by Advyzon) for investment performance reporting, and PWM Control Center (powered by Basecamp) for project management and action tracking. The firm also integrates with Charles Schwab as primary custodian, Pontera for held-away account management, and Wealth.com for estate planning documents. The integrated technology stack enables clients to access all services through a single advisor relationship with tiered pricing from 1.00% to 0.40% for managed assets.
Differentiator
Problem solved
Functional benefit
Brands
- PWM Capital Preservation Portfolio: Conservative model portfolio constructed with ETFs.
- PWM Portfolio 1-6
- PWM Faith Capital Preservation Portfolio
- PWM Faith Portfolio 1-6
- PWM Catholic Values Capital Preservation Portfolio
- PWM Catholic Values Portfolio 1-6
Products and services
- PWM Wealth Management System A comprehensive, web-based financial planning and account aggregation platform powered by eMoney that provides clients with a personal financial website to access goals, accounts, insurance coverage, tax documents, and reports in one place. Designed for Prosperitas Wealth Management clients.
- PWM Reporting & Performance Hub Account performance and reporting platform powered by Advyzon that provides clients with quarterly performance reports and investment performance measurements.
- PWM Control Center Web-based project management platform powered by Basecamp that keeps clients updated with financial planning action items, deadlines, and responsibilities between advisor and client.
- Investment Management Services Asset management services using Charles Schwab as custodian and Pontera for held-away accounts, including model portfolios across 21 unique configurations including unscreened, faith-based, and Catholic values models.
- Model Portfolios Investment portfolios across 6 risk levels (Conservative to Aggressive) with 21 unique model portfolios: 7 unscreened models using ETFs, 7 faith-based models, and 7 Catholic values models constructed in accord with USCCB Socially Responsible Investment Guidelines.
- Estate Planning Platform Digital estate planning document platform powered by Wealth.com that provides online document creation for wills, trusts, power of attorney, healthcare directives, and advance directives across all 50 states.
- Financial Planning Services Comprehensive financial planning covering budgeting, cash flow, debt management, investment planning, retirement planning, insurance planning, education planning, tax planning, estate planning, and stock options/RSUs.
- Managed Assets Advisory Actively managed assets with discretionary authority held at Charles Schwab or held away via Pontera. Tiered AUM fee structure from 1.00% for first $1M to 0.40% for assets over $25M, assessed quarterly based on average daily balance.
- Unmanaged Assets Reporting Account and performance reporting for assets held at any custodian that Prosperitas does not actively manage. Annual fee of 0.10% with minimum quarterly fee of $125 per household.
- Life Insurance Life insurance consultation and quotes for term and permanent life insurance products.
- Disability Income Insurance Disability income insurance products to protect against loss of income due to illness or accident, including business overhead expense insurance for business owners.
- Long-Term Care Insurance Long-term care insurance products and business owner LTC options including executive carve-out plans, group benefits, and IRA/annuity conversion options.
- Catholic Values Investing Investment approach adhering to the Socially Responsible Investment Guidelines for the United States Conference of Catholic Bishops (2021), covering human life, human dignity, common good, economic justice, and environmental stewardship.
- Donor-Advised Funds Charitable giving vehicle allowing donors to receive immediate tax deduction and grant funds to charities over time, supported through Charles Schwab custodian.
Companies that use Prosperitas Wealth Management
Customer profileNamed customers2 records
Segments4 records
Ideal customer profiles3 records
Prosperitas Wealth Management technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Integration27 records
Feature7 records
Prosperitas Wealth Management partnerships and signals
Strategic signalPartnerships
Eleven partnerships are on record, tiered key, flagship and core.
- Michele Beck, CPAkeyCPA firm collaboration started in 2022 to enhance client service capabilities. Provides tax preparation and planning services in coordination with financial planning services.
- Shrewd Ventures LLCkeyStrategic collaboration started in 2022 to enhance client service capabilities and services available to clients.
- Keen Coverage LLCkeyStrategic collaboration started in 2022 to enhance client service capabilities. Likely provides insurance services (life, disability, long-term care) in coordination with financial planning.
- Encompass Advisory Services, LLCflagshipParent company of Prosperitas Wealth Management. Prosperitas is described as 'A part of Encompass Advisory Services, LLC' and operates under their RIA registration. Encompass is a Registered Investment Adviser with headquarters at the same Katy, TX address.
- Wealth.comcoreEstate planning document platform partnership. Wealth.com is described as the industry's leading estate planning platform built by attorneys. Prosperitas clients receive direct unlimited access to Wealth.com's online platform to create, update, and manage estate plans. Available in all 50 states.
- Charles SchwabcorePrimary custodian platform for client assets. Servicing over 33 million brokerage accounts with over $7 trillion of total client assets. Used for financial stability, security, and service. Supports various account types including Individual Brokerage, IRAs, Trusts, and Donor-Advised Funds.
- PonteracorePlatform enabling management of assets held away (401k, 403b, 457 plans, variable annuities, 529 plans) without requiring clients to move assets from current custodian. Works with Fidelity, Vanguard, T. Rowe Price, and other custodians.
- eMoney AdvisorcorePowers the PWM Wealth Management System - comprehensive financial planning and account aggregation platform. Provides daily-updated personal financial website with goals tracking, account aggregation, insurance coverage visibility, and reporting.
- AdvyzoncorePowers the PWM Reporting & Performance Hub for viewing quarterly performance reports and investment measurements.
- Basecamp (37signals)corePowers the PWM Control Center - project management platform for tracking financial planning action items, deadlines, and responsibilities between advisor and clients.
- RiskalyzekeyPortfolio risk assessment tool that assigns Risk Number to client portfolios based on risk tolerance assessment. Used for asset allocation decisions.
Scale indicators5 records
Recent moves6 records
Expansion highlights5 records
Prosperitas Wealth Management competitors and assessment
Company assessmentDirect peers
- Buckingham Strategic Wealth: Independent RIA delivering evidence-based investment management, financial planning, and tax strategy — comparable in size, fee model, and integrated wealth services.
- Ronald Blue Trust: Faith-based Registered Investment Advisor offering financial planning, investment management, and estate services aligned with Christian values — directly comparable to Prosperitas's faith-based and Catholic values positioning.
- Pure Financial Advisors: Fee-only RIA providing comprehensive financial planning, investment management, and tax services on a recurring-fee model — comparable in offering breadth and target client.
- Element Wealth Management: Independent RIA focused on faith-based financial planning and values-aligned investing, serving a similar client segment with comparable fee structures and integrated planning.
Broad incumbents
- Fisher Investments: Large independent investment management firm primarily serving high-net-worth retail — overlapping investment management capability but lacking Prosperitas's planning-led, community-driven model.
- Edelman Financial Engines: Large independent RIA combining financial planning, investment management, and workplace retirement services — competes in the same integrated planning space but at institutional scale.
- Carson Wealth: National RIA platform supporting independent advisors with planning, investment, and estate services — comparable in integrated offering but operates at scale with partner advisors.
- Creative Planning: Large national RIA offering comprehensive wealth management, estate planning, and tax services — comparable in service breadth but vastly larger scale and broader client base.
Others
- Wealth.com: Estate planning platform specifically built for advisors and offered by Prosperitas to clients — a technology partner rather than a competitor, but adjacent in the wealth management ecosystem.
Emerging players
- Facet Wealth: Digital-first RIA providing flat-fee financial planning paired with hybrid advisor access — overlaps with Prosperitas on financial planning but competes via a more tech-forward, lower-fee model.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights6 records
Customer concentration
Prosperitas Wealth Management social profiles
Digital presenceProsperitas Wealth Management financial estimates
Financial estimateRevenue estimate
Valuation estimate
Prosperitas Wealth Management leadership team
Management profileNumber of profiles
Profiles1 record
Prosperitas Wealth Management funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Prosperitas Wealth Management M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Prosperitas Wealth Management
What does Prosperitas Wealth Management do?
Prosperitas Wealth Management is an independent Registered Investment Advisor that delivers comprehensive wealth management services including financial planning, investment management with tiered AUM-based fees, estate planning, and insurance planning for individuals, families, small-business owners, and institutional clients. Services are delivered through proprietary PWM-branded client portals (PWM Wealth Management System, PWM Reporting & Performance Hub, PWM Control Center) backed by partner platforms including eMoney, Advyzon, Basecamp, Charles Schwab, Pontera, and Wealth.com.
Is Prosperitas Wealth Management a public or private company?
Prosperitas Wealth Management is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was Prosperitas Wealth Management founded?
Prosperitas Wealth Management was founded in 2004. It employs 1 to 10 people.
Where is Prosperitas Wealth Management based?
Prosperitas Wealth Management is headquartered in Arlington, United States, in the North America region.
How does Prosperitas Wealth Management make money?
Four revenue lines are on record. AUM-Based Investment Management Fees are the primary driver. The others are unmanaged Asset Reporting Fees, financial Planning Advisory Fees and estate Planning Document Fees.
Who are Prosperitas Wealth Management's main competitors?
Direct peers on record are Buckingham Strategic Wealth, Ronald Blue Trust, Pure Financial Advisors and Element Wealth Management. Broad incumbents are Fisher Investments, Edelman Financial Engines, Carson Wealth and Creative Planning. Wealth.com is listed as an others. Facet Wealth is listed as an emerging player.
Does Prosperitas Wealth Management have an API?
No public API is recorded for Prosperitas Wealth Management.
What industry is Prosperitas Wealth Management in?
Prosperitas Wealth Management's product category is Wealth Management. Its primary akta.pro industry code is FSAAAAAG, Managed Accounts & Model Portfolios (SMA/UMA), with a secondary code of FSAEAKAD, Estate & Probate Administration Services. Its NAICS code is 523940 and its SIC code is 6282.