Prospera Financial Adds $150 Million Team from UBS
Prospera Financial Services Inc., a full-service independent broker-dealer, has added LiveOak Wealth Advisors to its platform.
Prospera Financial Services Inc., a full-service independent broker-dealer, has added LiveOak Wealth Advisors to its platform.
Based in Lafayette, Louisiana, the LiveOak team spent nine years with UBS Financial Services and has $150 million in assets under management. Services at the firm include tax management, investment management, retirement strategies, estate conservation, and insurance and annuity products.
LiveOak is led by senior vice president Carolyn French, who served as a socioeconomic consultant with the US Department of the Interior before her career in wealth management. She has also served as senior vice president of wealth management at Morgan Stanley and senior vice president of investments at UBS.
Byron Reyes, who serves at first vice president, started his career at Merrill Lynch and has more than 28 years of experience in the financial services industry. He holds a certified investment management analyst certification.
Founded in 1982, Prospera Financial Services is based in Dallas, Texas and has 134 advisors and approximately $7.9 billion in assets under management. The firm has selected partnerships with First Clearing (Wells Fargo Clearing Services) and Pershing LLC, a subsidiary of The Bank of New York Mellon Corporation.
