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SP

Stephen Michael Prough

SALEM PARTNERS
LOS ANGELES, CA
·CRD# 2305366·33 years experience

Professional Summary

Stephen Michael Prough is a registered financial advisor currently at SALEM PARTNERS LLC located in Los Angeles, California. Stephen is registered as a RR (Registered Representative) and started their career in finance in 1993. Stephen has worked at 3 firms and has passed the Series 63, Series 99TO, Series 79TO, SIE, Series 7 and Series 24 exams.

At a Glance

Best-Interest Standard

Fiduciary Standard

Fee Structure

Account Minimum

Active Clients

Fiduciary Standard

Fee Structure

Account Minimum

Active Clients

Other Aliases

There are no additional aliases reported.

Blog Corner

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Videos & Posts

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Contact Information

This advisor has not claimed their profile yet, so there is no contact information to display at this time.

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Disclosures are events reported to regulators, such as customer disputes, regulatory actions, employment separations, or financial events. Some are resolved, denied, or contested — a disclosure is not a verdict. We recommend asking an advisor directly about any disclosure on their record.

Disclosures on record.

Disclosures can be potential red flags, including customer disputes, regulatory fines, employer terminations, bankruptcies, judgments, liens, or certain criminal activities. Check for any disclosures as part of your thorough research when choosing an advisor.

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Years of Experience

33 years in the financial services industry

Current & Past Employments

SALEM PARTNERS LLC·CRD# 43363
BD
1. 11111 Santa Monica Boulevard Suite 2250, Los Angeles, CA 900252. 11111 Santa Monica Blvd., Suite 2250, Los Angeles, CA 90025
August 27, 1997 - Present
SALEM PARTNERS WEALTH MANAGEMENT, LLC·CRD# 131359
RIA
Los Angeles, CA
January 17, 2025 - January 21, 2025
ABN AMRO SECURITIES LLC·CRD# 6540
BD
New York, NY
June 4, 1993 - March 7, 1997

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Current Firm

SP
SALEM PARTNERS LLC

SALEM PARTNERS HOLDINGS, LLC | SALEM PARTNERS, LLC | SALEM PARTNERS LLC

CRD#: 43363 / SEC#: 8-50241
BD
Broker-Dealer Firm Regulated by FINRA (Los Angeles district office)

Contact Information

Main Address

11111 Santa Monica Boulevard Suite 2250, Los Angeles, CA 90025

Mailing Address

11111 Santa Monica Boulevard Suite 2250, Los Angeles, CA 90025

Phone Number

(310) 806-4200

Established

Delaware since 01/10/1997

Firm Type

Limited Liability Company

Fiscal Year End

December

Firm Size

Small

FINRA licenses (34 States and Territories)

Registered to provide investment advisory services in 0 US states and territories.

Documents

Customer Relationship Summary (CRS / FINRA)

Direct owners and executive officers

NamePositionCRD#
SALEM PARTNERS HOLDINGS, LLCDIRECT OWNER—
DYETT, JOHN HATHAWAY IIIMEMBER/CO-CEO//TRUSTEE OF THE DYETT FAMILY TRUST DTD 11/09/20042582657
KAMANGAR, GOLICCO, AMLCO, COO2562201
PROUGH, STEPHEN MICHAELMEMBER/CO-CEO/TRUSTEE OF THE BERTI PROUGH TRUST 02/03/20052305366

Disclosures

Regulatory Event

1

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Other business activities

Outside business activity is any business or activity undertaken by an advisor that is outside the scope of their relationship with their firm (e.g., consulting services, real estate, freelance work, teaching, etc.). Investors should stay informed about these activities to ensure no conflicts of interest.

SALEM PARTNERS WEALTH MANAGEMENT - INVESTMENT-RELATED - 11111 SANTA MONICA BLVD. SUITE 2250 LOS ANGELES CA 90025 - WEALTH MANAGEMENT - CO-FOUNDER - 7/2004 - 50% OF TIME - DUTIES INCLUDE MEMBER OF INVESTMENT COMMITTEE Critical Mass Studios, Inc.- Investment-related/software - Building C 12777 W Jefferson Blvd. Los Angeles CA 90066 - Director - start date 6.11.19 - Typical director duties, including overseeing executives and guiding strategy - 10 hours during the month during business and non-business hours Fabric Data Inc. (previously Meta Data Software, Inc.) - Investment-related/software - 11111 Santa Monica Blvd. Suite 2250 Los Angeles CA 90025 - Director - start date 6.30.21 - Typical director duties, including overseeing executives and guiding strategy - 10 hours during the month during business and non-business hours CalSavers Retirement Savings Program -915 Capitol Mall, Room 105 Sacramento, CA 95814 - Board Position - Investment-related- start date 9.26.19 Duties: Oversight of investment operations for the state-sponsored tax-deferred investment platform - 10 hours during the month during business and non-business hours - Nature of business: State-sponsored tax-deferred, defined contribution retirement plan Name: SP Passive Income Investors LLC Business: Acquisition and exploitation of film, TV and music rights. Address: 11111 Santa Monica Boulevard, Suite 2250 Los Angeles, CA 90025 Nature: LLC / film, TV & music acquisition and exploitation Position: I am managing member of SP Passive Title/relationship: Member/co-owner Start date of relationship: 5/5/2020 Hours: <5 hours/week Hours during securities trading: 0 during trading hours Duties: Evaluation, acquisition and exploitation of film and television rights.

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State Registrations and Notice Filings

Listed states reflect where the advisor is authorized to serve clients under state regulations.
RR
indicates the advisor is registered as a Registered Representative in this state, allowing securities offerings such as stocks, bonds, and mutual funds through a broker-dealer.
RR
Arizona
(7/7/2017)
RR
California
(3/8/2002)
RR
Colorado
(8/28/1997)
RR
Connecticut
(4/16/2002)
RR
District of Columbia
(8/16/2017)
RR
Florida
(10/29/2015)
RR
Georgia
(7/7/2017)
RR
Hawaii
(4/8/2014)
RR
Illinois
(2/14/2000)
RR
Indiana
(12/8/2011)
RR
Maryland
(7/7/2017)
RR
Massachusetts
(4/1/2002)
RR
Nevada
(6/12/2014)
RR
New Jersey
(10/29/2015)
RR
New York
(5/13/2002)
RR
North Carolina
(5/14/2019)
RR
Pennsylvania
(8/15/2017)
RR
Texas
(4/16/2002)
RR
Utah
(8/15/2017)
RR
Vermont
(6/12/2019)
RR
Virginia
(7/7/2017)
RR
Washington
(10/15/2020)

Exams

Financial professionals may take different exams throughout their careers based on the types of services they provide and roles they perform.

Series 63 — Uniform Securities Agent State Law Examination

Passed Nov 1993About the Series 63 exam

Series 99TO — Operations Professional Examination

Passed Jan 2023About the Series 99TO exam

Series 79TO — Investment Banking Registered Representative Examination

Passed Jan 2023About the Series 79TO exam

SIE — Securities Industry Essentials Examination

Passed Oct 2018About the SIE exam

Series 7 — General Securities Representative Examination

Passed Jun 1993About the Series 7 exam

Series 24 — General Securities Principal Examination

Passed Jun 1997About the Series 24 exam
FINRA
SRO Registrations

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CRS (Client Relationship Summary) - BD

Click below to view Stephen Michael Prough's CRS (Customer Relationship Summary).

CRS (Customer Relationship Summary)

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