On April 8, 2025, Prospera Financial Services announced its acquisition of Cutter & Company.
Prospera Financial Services (“Prospera”) announced, on April 8, 2025, its acquisition of Cutter & Company (“Cutter”). Cutter’s entire team will join Prospera. Further terms of the transaction were not disclosed.
Prospera, based in Dallas, is an independent broker-dealer and registered investment advisor specializing in buying and selling securities. As of April 2025, Prospera had approximately $9.81 billion in assets under management.
Cutter, based in Ballwin, Missouri, is an independent broker-dealer offering asset management, financial and estate planning and account protection services. Cutter has approximately $2 billion in total client assets.
To read the press release: please click here.