Prospera Financial Services Acquires Cutter & Company
April 8, 2025
Dallas-based Prospera Financial Services has acquired St. Louis-based independent broker-dealer Cutter & Company, which manages approximately $2 billion in client assets with 40 advisors and 12 employees. The acquisition closed on March 31, 2025; Cutter's leadership and staff will remain in place while the firms integrate operations, compliance and technology to support advisor growth. Terms were not disclosed.
- Buyers
- Prospera Financial Services, Inc.
- Targets
- Cutter & Company
- Industry
- Financial Services
- Location
- Missouri, United States
- Transaction Type
- Buyout
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