Prospera Financial Services Expands New York Presence via Cornerstone Wealth Management Acquisition
Prospera Financial Services has announced that Rochester-based Cornerstone Wealth Management has joined its independent advisor platform. The move brings eight financial advisors and two support staff members to Prospera, significantly expanding the firm's footprint in the New York market. Cornerstone Wealth Management manages approximately $600 million in assets under management (AUM) and serves a client base spanning 25 states. This acquisition aligns with Prospera's strategy of providing boutique-style support to independent advisors, helping them scale while maintaining personalized client relationships through enhanced technology and resources.
Topics: Assets Under Management Financial Services Firm Affiliation Wealth Management