Shared Prosperity Group

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Shared Prosperity Group is an intentional upgrade to the traditional wealth management model. For decades, much of the financial sector has operated through inherently extractive institutions. These systems are usually designed to concentrate wealth at the top rather than spread it around.

We operate on a completely different premise.

Our firm is inspired by the same research that won the 2024 Nobel Prize in Economics. This work shows that inclusive institutions are the only reliable engines for long-term national prosperity. That’s why we’re flipping the script and using our own high profit margins as a wealth redistribution mechanism to combat wealth disparity, all while maintaining a fee structure that stays strictly competitive with standard industry rates.

We provide professional investment management for every client at an industry-standard 1% annual fee. This fee is strictly pay-as-you-go and charged in arrears, ensuring you are only ever billed for work that has already been completed. Our services are structured into two tiers:

  • Prosperity Builder ($50,000+): You receive sophisticated investment management (The Prosperity Engine), access to our financial education and planning tools, a personalized dashboard, and Altruist’s technology platform.
  • Prosperity Circle ($500,000+): Includes everything in the Builder tier, plus 1:1 holistic financial planning support and access to our curated tax, estate, and mental health planning networks.

Your choice to work with us does more than just build your own wealth. It supports a vision of inclusive finance where the permission to profit from a community comes with a requirement to give back to it. We take 10% of our gross revenue and donate it directly to high-impact causes as a structural redistribution mechanism. We’re essentially taking the high profit margins common in this industry and using them to fund community growth instead. This contribution is paid entirely by us. It’s not an extra cost to you, and it never touches your investment returns.

We can help you manage almost any type of standard investment account. Whether you’re investing for yourself, your family, or your business, we’ve got you covered.

For individuals and families, we manage:

  • Individual and joint accounts
  • Trusts
  • All types of IRAs (Traditional, Roth, Rollover, SEP, SIMPLE, and Beneficiary)
  • Solo 401(k)s and Roth Solo 401(k)s
  • Custodial accounts for minors (UTMAs, UGMAs, and Minor IRAs)

For businesses and nonprofits, we’re equipped to manage:

  • Sole Proprietorships and Partnerships
  • LLCs and Single-Member LLCs
  • S Corporations and C Corporations
  • Non-Profit Organizations

Please keep in mind that our focus is on investment management and advice. We don’t handle initial legal setup, tax filings, or payroll, but we’ll work closely with your existing professionals to ensure your entire strategy is fully coordinated.

Yes. Our minimums are $25,000 per account and a total household minimum of $50,000, which enrolls you in our Prosperity Builder service tier. For full access to 1:1 advisory support through our Prosperity Circle tier, the household minimum is $500,000. These minimums allow us to effectively implement our investment strategies while maintaining our commitment to structural generosity.

We’ve removed the industry’s traditional paperwork hurdles to make onboarding as seamless as possible. Our digital application takes less than 20 minutes to complete, and we typically approve new accounts within 24 business hours. From there, most account transfers are finalized within two weeks, at which point your capital is fully deployed into your strategy.

Structural generosity is the institutionalization of inclusivity. We’re moving beyond traditional corporate giving by trying to normalize generosity as a permanent requirement. This isn’t just a marketing slogan. A firm adopting a structurally generous posture is making a serious, enforceable, and admirable commitment to these five standards:

  1. Structurally Permanent: The giving pledge is irrevocably written into the firm’s legal governing documents.
  2. Absolute Transparency: All giving claims are publicly disclosed as a clear percentage of total gross revenue or net profit.
  3. Substantial Impact: High margin industries like finance must donate at least 5% of their gross revenue every year. Low margin industries like airlines must donate at least 5% of their net profit.
  4. Independent Oversight: The pledged capital is completely separated from the business owners through an independent donor advised fund.
  5. No Forever Parking: Capital can’t sit idle. All deposits must be fully deployed to a charitable cause within one year.

Even with these strict rules in place at SPG, we don’t just give our money away on a hunch. With almost two million nonprofits out there, we follow a highly disciplined process to maximize the impact of every dollar we give. We’ve got a short video that introduces our giving methodology here.

In short, it’s a much simpler solution. American tax reform is a notoriously slow and fragile process. It requires navigating deep partisan gridlock and surviving the influence of entrenched interests. And even if a law actually passes, it’s often tied up in court or reversed by the next administration. Simply put, sincerely addressing wealth disparity by modernizing our tax code requires a level of political coordination that our current system just struggles to realistically produce.

Structural generosity is different because it doesn’t need permission from a political machine. It’s a completely voluntary upgrade for businesses that intelligently bypasses unrealistic national consensus, further taxing existing wealth from the wealthy, or placing any additional burdens on customers. We can simply force a “rewire” of our existing profit-heavy institutions to be structurally generous by using competitive market pressures. All that’s needed is for someone to step up and be the spark, which is exactly what we’re trying to do.

Bottom Line: A movement like this doesn’t need a complex law to pass to become a force for change, it simply needs you to join it.

Individual philanthropy is a vital tool, but it doesn’t change the underlying mechanics of any American institutions. By choosing SPG, you’re backing an institutional move toward inclusivity that aims to create a more prosperous nation for everyone. And since our 1% fee is already competitive with standard industry rates, we can effectively put your impact on autopilot for no extra expense. In a nutshell, you’re incentivizing Wall Street to compete on generosity by voting with your dollars.

No. Our mission is funded entirely by our business revenue, not your capital. We specifically structured our firm so our mission never becomes a burden on our clients. In fact, our primary fiduciary duty is to manage your wealth and prioritize your best interests, while our mission is simply how we choose to spend the revenue we earn for doing that job.

We utilize the high profit margins inherent in the wealth management industry and maximize them through extreme efficiency. For example, we operate as a remote-first firm and lean hard into technology to automate routine tasks. This eliminates much of the expensive overhead other firms pass on to their clients. This lean operating tactic keeps our carbon footprint small and allows us to be generous while remaining a stable and profitable business.

We handle market volatility much like any other investment firm, but with a few intentional safeguards built in to protect our mission. Because our 10% giving commitment is based on a percentage of gross revenue, not a fixed dollar amount, our donations naturally scale with the market. If the market (and our revenue) goes down, our monthly giving commitment automatically adjusts accordingly. This ensures the firm never takes on a financial obligation it can’t sustain during lean times.

We also protect our longevity by being disciplined about our fixed expenses and maintaining a significant capital buffer. Since we’ve already streamlined our operations and eliminated a lot of traditional overhead, we’re very resilient. This means that even in a major market decline, SPG remains just as stable as any other RIA; we simply stay lean, maintain our usual high level of service for our clients, and continue to give what we can until the market recovers.

That’s the name of our specific donor-advised fund (DAF). Think of a donor-advised fund as a dedicated investment account just for charitable giving. When we put money into this account, it’s officially and permanently committed to charity. While it sits there, the money can be invested so it grows tax free.

However, we don’t let it sit for long. We distribute all funds in our account to charities in under one year from the date of deposit. It’s a great tool because it lets us set aside our charitable funds immediately, handle all the legal compliance smoothly, and then quickly deploy that money to the exact organizations we want to support.

We’d love to just write checks directly to the causes we support. However, publicly pledging a portion of our revenue directly to charity triggers complicated and different legal rules in all 50 states. If we gave directly, we’d drown in expensive legal paperwork. And it doesn’t stop there. It would also force the nonprofits we support to sign complex legal agreements just to accept our donations. That completely defeats the purpose of trying to help them.

By routing our 10 percent pledge through a donor-advised fund (where we’ve legally forfeited all ownership and control), we’re allowed to cut out all that red tape. The DAF handles the legal compliance and guarantees the funds are permanently locked in for charity. This keeps things simple, and most importantly, it spares the nonprofits from an administrative nightmare so they can focus on their actual work.

No. The SPG Structural Generosity Fund is strictly set up for our firm’s revenue. However, that doesn’t mean you can’t support the same causes we do! If you want to give to the nonprofits we support, you would simply make your contribution directly to them (usually through their website).

No. Our donations come from the revenue our firm earns from the services it provides, not out of your personal account. Your portfolio stays exactly as it is, your returns are completely untouched, and every single charitable dollar is paid by SPG alone.

This is very different from the usual industry model. We don’t ask or expect our clients to donate. We give at the business level instead. If you’re looking for personal tax deductions, you can still make your own separate charitable gifts. We’re not here to replace your philanthropy, we’re here to amplify it.

Yes, we absolutely do. It’s a common misconception that businesses somehow make money by donating, but that just isn’t true. For example, when we donate a dollar, we might save a fraction of that in taxes, but we’re still voluntarily giving away the vast majority of that dollar.

We take the deduction because it’s the smartest way to support our mission. Keeping those tax savings in the business allows us to grow. And the more we grow, the bigger our 10 percent pledge becomes. That means we can direct even more money toward causes that uplift human lives and protect the planet. Ultimately, taking the deduction is about maximizing our impact, not minimizing our taxes.

We probably should have made this the first question. Our apologies to Mitzi’s growing fan club! Enjoy.