An Investment Policy Statement and Financial Plan must be executed well in order to succeed. We have established a number of solutions and relationships that help our clients implement their goals in a convenient and cost-effective manner.

Brokerage Accounts

Prospect Financial Group LLC has selected Charles Schwab & Co., Inc. (Schwab) as primary custodian for our clients' accounts.  By using Schwab as primary custodian, we have access to a wide range of products and services that help us serve our clients, including:

  • Full range of investment products and trading services
  • Technology and service support
  • Wide array of investment account types including retirement accounts, charitable giving, and education accounts
  • Full range of investment options such as stocks, mutual funds, bonds, exchange traded funds, CDs and other investments
  • Technology and service support so investors can access all their accounts online and view positions, balances and account histories in one place.

College Savings Plans

We manage education portfolios through American Funds® CollegeAmerica®, a Virginia 529 plan for education savings. Benefits of CollegeAmerica® include:

  • Selection of 21 actively managed mutual funds from American Funds®, a fund family known for its strong research, long-term track record, and low administrative expenses.
  • Ability to purchase 529-F2 shares, a no load share class available exclusively to the clients of fee-based advisors to keep the total cost of the fund expenses and our advisory services comparable to or below retail offerings with limited or no investment advice.
  • Convenient account set up, support, and trading assistance without the need to hassle you for statements or access to your accounts.
  • Tax benefits, such as tax-free earnings growth, tax-free withdrawals for qualified higher education expenses, and state income tax deductions for contributions by Virginia residents.[1]


Although many of our clients hold investment assets at Schwab or American Funds® CollegeAmerica®, they often have investments in 401(k)s or other held-away accounts. We typically advise our clients on their entire net worth and want our clients to invest in whatever way is in their best interest. Consequently, we use data aggregation that allows us to see all of your financial accounts, regardless of where they are held, and manage investment assets held at any institution, while allowing clients to keep their personal PINs and passwords private. Click here to read a case study for other advisors about how we have used this technology in our practice.


Prospect Financial Group LLC works closely with your existing financial advisors and, when appropriate, may refer you to the following:

  • Insurance Brokers/Agents
  • Mortgage Lenders
  • Accountants/Tax Advisors
  • Trusts & Estates Attorneys

[1] Prospect Financial Group does not provide tax advice. Clients should be aware that the tax laws and regulations are complex and are subject to legislative changes. You are hereby notified that: (a) any discussion of U.S. federal tax issues is not intended or written to be relied upon, and cannot be relied upon for the purpose of avoiding penalties that may be imposed under the Internal Revenue Code; and (b) you should seek advice based on your particular circumstances from an independent tax advisor.

These materials have been independently produced by Prospect Financial Group LLC.  Prospect Financial Group LLC is independent of, and has no affiliation with, Charles Schwab & Co., Inc. or any of its affliates ("Schwab"). Schwab is a registered broker-dealer and member of SIPC.  Schwab has not created, supplied, licensed, endorsed, or otherwise sanctioned these materials nor has Schwab independently verified any of the information in them.  Prospect Financial Group LLC provides you with investment advice, while Schwab maintains custody of your assets in a brokerage account and will effect transactions for your account on our instruction.