Shared Prosperity Group

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Frequently Asked Questions

We’re a wealth management firm designed to actively fight wealth inequality. While the financial industry often results in money concentrating at the top, we focus on doing the exact opposite. Our core mission is to help systematically reallocate wealth to the communities needing it most, uplift human lives, protect the planet, and pressure our competitors to do the same. We have a short video on our YouTube channel describing our mission in more detail, you can check it out right here.

Our service includes professional investment management for all clients, custodied securely at Altruist, and comprehensive financial planning for households at or above $500,000. We charge a simple 1% annual advisory fee on the assets we manage. Our 10% gross revenue donation comes directly from our firm’s earnings and never adds an extra expense to your account.

For a deeper look at our investment philosophy and how our pricing supports our mission, you can watch a short video breakdown right here.

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 note: We manage your investments and provide ongoing financial advice. We don’t currently handle initial plan setup, legal paperwork, tax filings, or payroll. You’ll still want to work with your own tax or legal professionals to take care of those specific administrative tasks.

Yes. Our minimums are $25,000 per account and a total household minimum of $50,000. These minimums allow us to effectively implement our investment strategies while maintaining our commitment to structural generosity.

We’ve made getting started quick and easy. Our application takes less than 20 minutes to complete and we usually approve new accounts within 24 business hours. Once you’re approved, most account transfers are finished and you’ll be fully invested in under two weeks.

Structural generosity is what we call our permanent giving model. It means generosity is hardwired into the core of a for-profit organization (where most wealth generation occurs in America). To meet this standard, a business must make five sincere commitments:

  1. Make it Permanent: The giving pledge must be irrevocably written into the firm’s formal governing documents.
  2. Absolute Transparency: All giving claims must be publicly disclosed as a clear percentage of total gross revenue or net profit.
  3. Substantial Impact: High margin industries (like wealth management, software, or pharmaceuticals) must donate a minimum of 5% of their gross revenue every year. Low margin industries (like grocery stores or restaurants) must donate at least 5% of their net profit.
  4. Independent Giving Vehicle: The pledged capital must be completely separated from the business owners through an independent donor-advised fund (DAF).
  5. No Forever Parking: Capital cannot just sit idle in the DAF. All deposits must be fully deployed to a charitable cause within one year.

Even with these strict rules in place at SPG, we certainly don’t just give our money away on a hunch. With almost two million nonprofits out there, we follow a highly disciplined process to help maximize the impact of every dollar we give. We have a short YouTube video introducing our giving methodology, and you can watch it right here.

Changing American tax policy is incredibly difficult. Even when a change makes obvious sense, like using our vast prosperity to help our own communities, it requires persuading millions of voters, winning elections, and fighting through intense lobbying and partisan gridlock. And when new laws finally do pass, they’re often slow to take effect, heavily contested, and easily reversed. This makes tax reform an unreliable tool for creating urgent and lasting fairness. It relies on a level of political coordination our current system just struggles to produce.

By contrast, structural generosity doesn’t need to wait for permission from a massive political machine. It’s a voluntary commitment for participating organizations, it isn’t a burden on customers, and you don’t need a unified government or a perfect national consensus to make it work. It simply uses what we already have to build on a foundation most of us already agree on: we want healthier, happier, and more prosperous communities in America where everyone has genuine access to opportunity.

In the real world, structural generosity works by making giving an effortless and automatic part of building wealth. It isn’t a rare moral victory from a billionaire or a difficult legislative battle. It’s voluntary, consistent, and inspired by the values of those we serve. Best of all, it scales rapidly as more people and companies join in, entirely bypassing the bottleneck of Congress.

Our fees are industry-standard. The difference is where the profit goes. For decades, the financial industry has fought to maintain high margins. We simply see tapping into those margins as low-hanging fruit for sustainable wealth redistribution. While you could certainly pay 10% less elsewhere and give the money yourself, individual philanthropy is realistically the first thing skipped when life gets busy or markets get volatile. Making the impact automatic and reliable by hardwiring it into our firm’s infrastructure is the entire point!

In fact, the 2024 Nobel Prize in Economics was awarded to a study proving that institutions are the primary drivers of a nation’s prosperity. SPG is modeled on that exact principle. We are applying it to generosity by making it a permanent, institutionalized part of how we build wealth.

Absolutely not. Our charitable giving model will never raise your fees or reduce your investment returns. We intentionally structured our business to prevent that exact scenario. Your financial interests always come first. While our philanthropic mission is a core part of who we are, it will never override our primary fiduciary duty to manage and protect your wealth.

It helps that our line of business naturally has high profit margins to begin with. We take that advantage even further by running a highly efficient and clever operation from the start. For example, we don’t pay for expensive downtown office space, our entire team works remotely, and we use smart software to handle routine administrative tasks. Business practices like these keep our overhead low and significantly minimizes our carbon footprint as an added bonus.

Because our internal business practices are so efficient, our profit margins become even healthier. That means we’re able to charge a competitive 1% fee and still comfortably donate 10% of our gross revenue to nonprofits every month without compromising our service.

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 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 have a lot of built-in resilience. 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). Making a personal donation is actually much easier and requires far less headache than donating as a wealth management business.

No. Our donations come directly out of 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 absolutely 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. 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.

Honestly, we probably should have made this the first question on the FAQ. Our apologies to Mitzi’s growing fan club. Enjoy!