Prospect Financial Services LLC fees and pricing

Published fees

Quoted from the firm's Form ADV Part 2A brochure, filed March 9, 2026. Fees can change, so confirm with the firm before you hire them.

Flat or project fee

$2,000⁠-⁠$10,000

“Prospect Financial also offers financial planning services on a standalone basis for a fixed engagement fee ranging from $2,000 to $10,000 per engagement.”

Read the full brochure (PDF) (opens in new tab)SEC adviser record (opens in new tab)

How Prospect Financial Services LLC bills

Payment and refund terms, quoted from the fee section of the brochure.

• “Fees for Advisory Services Wealth Management Services Wealth management fees are paid quarterly, in advance of each quarter, pursuant to the terms of the wealth management agreement.”
• “The wealth management fee in the first quarter of service is prorated from the inception date of the account[s] to the end of the first quarter.”
• “Fees may be negotiable at the sole discretion of the Advisor.”

How Prospect Financial Services LLC’s fees compare

• Its flat or project fee of $2,000-$10,000 spans the New York median of $4,500. 67% of the 251 other New York planners that publish a flat or project fee charge less.
• 3 of the 5 other planners in Melville that publish a flat or project fee charge less.

About Prospect Financial Services LLC

• Firm size: 12 employees.
• Founded: 1999 (27 years).

Firm details from Form ADV

How the firm is paid

Fixed or flat fees, percentage of assets under management

Charges a % of assets

Yes

Highest asset based fee in brochure

2.5% a year

Clients

520

Employees

12

Works with

Individuals, high net worth individuals, pension and profit sharing plans, and businesses

Services reported to regulators

Financial planning, portfolio management for individuals and small businesses, pension consulting, and selecting other advisers

Assets managed

$430,992,588

Registered with

U.S. Securities and Exchange Commission

Disciplinary disclosures

None reported

SEC CRD number

314154

Website

profinserv.net (opens in new tab)

Phone

(631) 424-5218

Can advise clients in 10 states: California, Connecticut, Florida, North Carolina, New Jersey, New York, South Carolina, Tennessee, Texas, Virginia

Other planners in Melville that publish fees

• Clear Point Advisors, Inc.Melville$300/hr, $500⁠-⁠$5,000
• Four Corners FinancialMelville$2,500⁠-⁠$10,000/yr
• Heller Wealth ManagementMelville$150⁠-⁠$400/hr, $1,500⁠-⁠$5,000
• J.j. Burns & CompanyMelville$3,000⁠-⁠$30,000/yr
• Landmark Wealth Management, LLCMelville$250/hr
• Li Wealth Management IncMelville$250/hr, $7,500

Compare all 15 planners in Melville