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Prosperity Capital Advisors Names Industry Veteran Douglas S. King, CFP® President and Chief Executive Officer

CLEVELAND, April 18, 2017 /PRNewswire/ -- Prosperity Capital Advisors (PCA) has named industry veteran Douglas S. King, CFP®, formerly of Cetera Advisor Networks LLC, as its president and CEO. King will lead the SEC Registered Investment Adviser firm whose mission is to support independent financial advisors across the country dedicated to providing holistic financial planning. He will also take the helm at PCA's sister company, C2P Advisory Group (C2P), a fiduciary-focused insurance marketing organization offering insurance products and services to advisors and agents nationwide.

"We began as a mastermind group of a handful of top advisors just six years ago. Today, we are two robust financial institutions and a training company that support hundreds of offices nationwide. As we continue to grow our companies, we embrace new leadership from one of the industry's most accomplished leaders. We couldn't be more excited to have Doug join us as a new partner, which will allow me to focus on the development of new processes and training, providing even more value to our advisors," said Jason L Smith, founder of PCA and C2P and president and CEO of the training company Clarity 2 Prosperity. "As we enter the next phase at PCA and C2P, we are certain Doug's successful track record, coupled with his enthusiasm for taking on new challenges will help propel us to new heights."

In March, Clarity 2 Prosperity announced the launch of its stand-alone, fee-only training organization—a third entity where advisors and institutions can access training, coaching and mentoring as well as turnkey financial planning, operations and marketing processes. All training and services are available for a fee, regardless of the user's corporate affiliations. Jason Smith will continue to lead the training organization as the president and CEO, turning the reigns of the PCA and C2P to King. A founding partner, Dave Alison, CFP®, has been promoted to executive vice president of the newly-formed holding company, C2P Enterprises. 

"When I met with the executives at PCA and C2P, I was inspired by their pursuit of holistic financial planning and providing their affiliated advisors access to all the tools, training and planning strategies necessary to create a comprehensive financial planning experience for their clients. I believe this integrated approach to planning, when performed in a client's best interest, is certainly the future trajectory of the industry," said King. "I am excited to join this dynamic and talented team as I contribute my experience, leadership and vision to help shape how and where holistic financial planning takes place."

Prior to joining PCA and C2P, King served as president & CEO of Cetera Advisor Networks LLC (CAN), a full-service broker-dealer and Registered Investment Advisor firm that supports large producer groups (super-OSJs), advisors and financial institutions. During his five years at CAN, King led the firm to achieve significant growth and financial success, transforming the company into the seventh largest independent broker-dealer based on the number of its advisors in the U.S. as of the end of 2016. 

Previously, he served in a dual role as director of Merrill Lynch's Minneapolis Complex and as Minnesota state president for Bank of America. In those roles, King led financial advisors serving clients across Minnesota and North Dakota and was responsible for multiple business units including Merrill Lynch's Private Client Group, Private Banking & Investment Group, and Middle Markets Institutional Group. He was also responsible for coordinating with the bank's business leaders at U.S. Trust Company, Countrywide Mortgage, and Bank of America's consumer & commercial lending and aircraft leasing divisions to grow revenue and align local market initiatives to the company's business and corporate social responsibility strategies. King began his financial services career in 1985 and joined Merrill Lynch in 1986 as a financial advisor and sales manager in Norfolk, Virginia, and became one of the top advisors in that market. In 1995, he became the district sales manager of the firm's southwest district in Phoenix, Arizona, and then went on to lead a series of regional leadership roles in Louisiana, Ohio and Minnesota.

King earned bachelor's degrees in finance and management from Virginia Tech and a Master of Business Administration from the University of Minnesota's Carlson School of Management. He completed the Wharton Executive Development Program and earned his CERTIFIED FINANCIAL PLANNERTM certification from the College for Financial Planning in Denver. He holds Series 7, 8, 63 and 65 securities registrations. He is currently a member of the Financial Planning Association and Financial Services Institute, and he serves on the boards of the CFP® Board of Standards and the Northern Star Council of the Boy Scouts of America. 

About Prosperity Capital Advisors
Prosperity Capital Advisors (PCA) is an SEC Registered Investment Adviser that provides financial planning and asset management solutions to investment advisors nationwide. Led by an investment committee, whose accreditations include Chartered Financial Analyst (CFA®), Certified Financial PlannerTM (CFP®), Certified Public Accountant (CPA) and MBA, PCA offers an evidence-based investment philosophy working to create holistic portfolio options for the long-term investor. As a third-party asset manager with Dimensional Fund Advisors, with nationwide reach, PCA manages three investment models consisting of 20 total portfolios, delivering tax-efficient, low-cost, broad diversification for various account sizes, qualification types and volatility profiles. For more information about Prosperity Capital Advisors visit www.ProsperityCapitalAdvisors.com or call (888) 240-0064.

About C2P Advisory Group
C2P Advisory Group is a fiduciary-friendly Insurance Marketing Organization (IMO) that facilitates advanced product screening, selection and support for fixed and indexed annuities; life, disability and long-term care insurance; and Medicare supplement and final expense funeral trust policies. Through its executives' decades of expertise as financial planners and advisors, it leverages their firsthand understanding to create efficient back-office support and quality service standards to help advisors issue new business quickly, accurately and effectively. C2P Advisory Group is dedicated to the implementation of best interest practices for the use of its insurance products—effectively mitigating risk for institutions, their advisors, and ultimately American families nationwide through sophisticated case design, product selection and implementation of insurance solutions as financial planning tools. For more information visit www.C2PAdvisoryGroup.com.

About Clarity 2 Prosperity 
Clarity 2 Prosperity is a financial training, coaching and IP development organization that offers financial advisors turnkey financial planning, operations and marketing processes. Its mission is to help advisors shift from a transactional mindset to holistic planners, offering best interest advice by coordinating all areas of their clients' financial lives including insurance, investments, tax, legal, Social Security and Medicare. To achieve this mission, it provides live, on-demand, group and one-on-one training support to ensure successful implementation of its packaged proven processes. These services are available to all financial advisors, regardless of corporate affiliations, as well as to institutions such as broker-dealers and RIAs to systematically equip their advisors to deliver best interest financial planning to American families nationwide. For more information visit www.Clarity2Prosperity.com.

Prosperity Capital Advisors is an SEC registered investment adviser with its principal place of business in the State of Ohio. For more detailed information about Prosperity's products and services, please visit www.adviserinfo.sec.gov or contact the firm at www.ProsperityCapitalAdvisors.com. Please read this disclosure statement carefully. Registration with the SEC does not imply any level of skill or expertise.

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