Prosperitas Investment Management, LlLP (St Thomas)

Name: Prosperitas Investment Management, LlLP
Address: 5326 Yacht Haven Grande, St Thomas, VI, 00802
Telephone: 340-774-5566

Prosperitas Investment Management, LlLP is a mid-sized advisory firm based in St Thomas. It manages $70.5 million of regulatory assets for 16 client accounts. It has been registered with the SEC as an adviser since 2015 and has operated in the jurisdiction of Virgin Islands, U.S..

Prosperitas Investment Management, L provides financial planning services and portfolio management for individuals and small businesses. It prepares financial plans for less than 10 clients. On top of advisory services, the firm doesn't engage in other business activities.

Prosperitas Investment Management, L: assets under management

The assets under management (AUM) of Prosperitas Investment Management, LlLP is $70.5 million, all of which is managed in discretionary accounts. The firm's AUM has gone down by -53% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $70.5 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $4.41 million each.

Investments

The firm invests in exchange traded securities the most. They account for 32% of the total AUM. The second-largest asset type is state and local bonds, which make up 27% of the firm’s portfolio. Investments in cash and cash equivalents form 26% of the total invested assets.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay Prosperitas Investment Management, LlLP for their services and products based on a percentage of assets under management. Compensation based on assets under management promotes a long-term relationship between a client and the adviser and helps align mutual interests. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

Careers at Prosperitas Investment Management, LlLP

The company employs 4 people that are either part- or full-time employees. 50 percent of the employees work as investment advisers or researchers. No employees are registered as investment adviser representatives with the state securities authorities.

There isn’t anyone with the role of looking for and bringing in new clients on behalf of the firm. The firm doesn’t compensate employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.

Michael Victor Barton joined the executive team most recently as the President And Chief Compliance Officer.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Michael V Barton Trustee Michael V Barton Family Trust U/A/D 4/22/2005	Trustee	1 Apr 2005	Other	xxx-xx-xxxx
Dale F Schmidt Trustee Cheryl K Haigley Irrevocable Trust U/A/D 10/1/12	Trustee	1 Oct 2012	25% - 50%	30-6417970
Dale F. Schmidt Ireevocable Trust U/A/D 12/21/2012 Cheryl K Haigley Trustee	Trustee	1 Dec 2012	25% - 50%	30-6417969
Dale Francis Schmidt	Chief executive officer	1 Dec 2014	25% - 50%	6544667
Michael Victor Barton	President and chief compliance officer	1 Dec 2014	Other	1392018

Based in St Thomas

The principal office where Prosperitas Investment Management, LlLP performs its advisory services is located at 5326 Yacht Haven Grande, St Thomas, VI 00802 The mailing address of the firm is 5326 Yacht Haven Grande, St Thomas, VI 00802. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 340-774-5566 or by fax 1-800-627-4961. The normal business hours are 9am - 5pm on Monday - Friday. You can find more information about the New York firm at prosperitas.vi.