DALLAS, Dec. 9, 2015 /PRNewswire/ -- Prospera Financial Services, Inc. (Prospera) is proud to announce its partnership with Live Oak Bank to provide preferred financing to Prospera Advisors and to prospective advisors as part of the full spectrum of services offered through the firm.
"Prospera is excited to add this valuable partner to our platform. Live Oak Bank offers our advisors the advantage of utilizing a wide variety of funding options that are unique to their individual business needs," stated David Stringer, President of Prospera. "As Prospera continues to grow, we truly believe in the value of providing our advisors with turn-key resources to manage their businesses and individual growth."
The financing services provided by Live Oak became available to Prospera Advisors on October 1, 2015. The arrangement with Prospera provides for preferred rates, along with a dedicated underwriting team and an expedited loan application and approval process.
"We are pleased and honored to partner with Prospera Financial where the advisor calls the shots, individuals define their own brand of success and the highest level of service is the standard," says John Turner, Senior Loan Officer at Live Oak Bank. "Live Oak Bank and Prospera have a shared objective to provide tools and resources including financing as a strategic lever to drive growth and build value in advisors' practices. I am looking forward to a strong, dynamic partnership that will benefit Prospera Financial advisors for many years to come."
About Live Oak Bank
Live Oak Bank is a Wilmington, N.C. lending institution founded in 2008 that provides business loans to independent businesspeople in niche industries, including Investment Advisors. Live Oak is one of the largest originators of small business loans with one of the strongest loan portfolios in the country. Live Oak was named a 2015 Industry Award winner by WealthManagement.com and was recently featured in American Banker as an industry innovator.
About Prospera Financial Services
Founded in 1982, Prospera Financial Services, member FINRA/SIPC and a registered investment advisory, offers the flexibility and resources only found at some of the nation's largest broker-dealers. Headquartered in Dallas, TX, Prospera was named Broker-Dealer of the Year by Investment Advisor Magazine in 2009, 2010, 2012, 2014 and 2015. The firm supports Independent Financial Advisors nationwide. For more information about Prospera visit http://www.joinprospera.com/
SOURCE Prospera Financial Services, Inc.