Prospera adds $650M AUM firm in Redlands, California
The team was attracted to the boutique wealth management firm's 'family-like' culture.
A California-based firm of four financial advisors managing $650 million in client assets has joined the Prospera Financial Services network.
Painter Smith & Amberg Inc. has been operating for more than 40 years and comprises advisors Charles Painter, David Smith, Jeffrey Amberg and Kallie Rawson, whose combined 100 years of industry experience focuses on wealth management, 401(k) services and investment-related opportunities.
Since the firm was founded, its objective has been “to offer investment services available at the large firms or wirehouses with the personal touch and accountability of an independent firm.”
“Prospera’s commitment to a family-like culture, strong leadership, and emphasis on integrity perfectly aligns with our values,” said Charles Painter, president of Painter Smith & Amberg. “We look forward to leveraging Prospera’s resources to enhance the quality of service for our clients.”
Their firm adds to the growing Prospera network, which totals 168 advisors in 94 locations managing a combined $60 billion in client assets.
“The dedication to personalized service that Charles, David, Jeffrey and Kallie bring to every client relationship has placed Painter Smith & Amberg Inc. among the best in the business,” said Tarah Williams, president and chief operating officer of Prospera Financial Services. “We share similar core values and are pleased they chose Prospera to help them continue to foster their growth and success for years to come.”
Prospera recently launched a suite of services to help serve the family office requirements of ultra-high-net-worth clients in response to growing advisor demand.
Last year, Tarah Williams wrote an article for InvestmentNews about the questions financial advisors should consider before making a move to independence.
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