Prairie Rivers Investments, LLC

CRD#288153
Investment Advisor Firm

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Overview

Prairie Rivers Investments, LLC is an advisory firm based in Robinson, Illinois. Prairie Rivers Investments, LLC handles $172.6 million in total assets throughout 817 client accounts, placing it in the mid-tier of financial advisory firms in the nation by assets under management (AUM). It has a small group, including 3 financial advisors. Prairie Rivers Investments, LLC does not act as a registered broker-dealer, signifying that the company cannot buy and sell securities for its accounts and those of its clients and instead must go through a broker-dealer firm to do so. Securities are exchangable fiscal investments such as stocks, options and bonds.

Prairie Rivers Investments, LLC manages the majority of its accounts in a discretionary manner. Discretionary management means that a portfolio manager makes transaction choices without requiring the client's authorization. It also oversees seven non-discretionary accounts with a total of $997,246 in assets. Prairie Rivers Investments, LLC administers roughly $211,261 for every customer account. An average financial advisor at Prairie Rivers Investments, LLC oversees about 272 client accounts.

The firm's central office is at 1507 West Main St., Robinson, Illinois 62454. The company is permitted to serve investors across 5 states, including California, Florida, Illinois, Indiana and Texas.

Assets Under Management

$172.6 million

Number of Advisors

3

Disclosures

No

Office Location

1507 West Main St.
Robinson, IL 62454

Prairie Rivers Investments, LLC by the Numbers

Total Assets Under Management

$172.6 million

National Average: $8.6 billion
Total Number of Employees

5

National Average: 64
Total Number of Accounts

817

National Average: 375,227
Average Account Size

$211.3 thousand

National Average: $23.0 thousand
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Products and Services

Prairie Rivers Investments, LLC offers multiple financial services, including financial planning services, portfolio management for individuals and small businesses and selection of other advisers. In the prior financial year, the company provided 1-10 of its accounts with financial planning services. Prairie Rivers Investments, LLC does sell products or offer services other than investment advice to its customers.

Core Advisor Services

  • Offered by 31% of firms

    Financial Planning Services

    This is the process of planning for your financial future, including for events such as retirement, your child's college education or estate succession.

  • Offered by 46% of firms

    Portfolio Management

    This is the selection and management of an investment mix and portfolio strategy for individuals and small businesses.

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    Market Timing Services

    This is the practice of attempting to make short-term profits on investments by buying low and selling high.

Other Services

  • Offered by 20% of firms

    Selection of Other Advisors

    This is the firm's assistance with choosing other advisors to work with who may have different specialties.

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    Publication of Periodicals

    This is the publication of various financial education materials.

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    Educational Seminars/Workshops

    This is the hosting of seminars or workshops to educate investors on financial concepts.

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Fee Structure

Fees charged by financial advisors largely are based on which services are provided. However, fee types charged by the firm can consist of the following fee types: asset-based, hourly or fixed. Prairie Rivers Investments, LLC participates in a wrap fee program, in which the company offers a service bundle for a single fee.

Available

  • Offered by 69% of firms

    Percentage of Assets

    Show Explanation

    This fee, which is the most common fee type charged by advisors for portfolio management, is based on the amount of assets you have under management. Also referred to as an asset-based fee, this fee typically ranges from 0.50%-2.00% of AUM annually. You'll typically pay a lower rate the more assets you have under management.

  • Offered by 21% of firms

    Hourly

    Show Explanation

    Like a lawyer, a financial advisor may charge you by the hour. This can be helpful if you are only looking for short-term or one-time advice. Rates typically range from $100-$300 per hour, depending on the complexity and level of services needed.

  • Offered by 32% of firms

    Fixed

    Show Explanation

    Fixed fees are a one-time, lump sum charged for a specific service, like the creation of a financial plan without subsequent implementation. This can be useful if you only need advice for one specific purpose, rather than a long-term advisor. Fixed fees usually range from $1,000 to $3,000.

Unavailable

  • Find one of the 1% of firms that offer this fee type

    Commissions

    Show Explanation

    Occasionally, advisors earn commissions from selling financial products, such as securities or insurance policies, or making certain referrals or transactions. Advisors who earn commissions may be incentivized to make certain recommendations to clients in order to make a commission. Fee-only advisors do not earn commissions, while fee-based advisors may.

  • Find one of the 26% of firms that offer this fee type

    Performance-based

    Show Explanation

    Advisors only earn performance-based fees if a portfolio outperforms a defined benchmark. This fee may be calculated in a number of ways but most commonly is charged as a percentage of investment profits. Performance-based fees may incentivize advisors to make riskier decisions in order to generate higher returns.

  • Find one of the 0% of firms that offer this fee type

    Subscription

    Show Explanation

    Firms generally charge this fee for educational materials provided, such as a monthly magazine. This can be useful if you want to learn about investing or financial management on your own.

  • Find one of the 10% of firms that offer this fee type

    Other

    Show Explanation

    Firms can sometimes charge customers using non-traditional fee structures. See this firm's Form ADV for more details.

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Types of Clients

The firm caters to retail investors, high net worth investors, charitable organizations and corporations. Out of its 817 clients, Prairie Rivers Investments, LLC's biggest client type is retail investors, though it also manages money for 39 high-net-worth individuals. A high-net-worth individual is defined by the SEC as someone who has at least $750,000 in AUM or a net worth of more than $1.50 million or who is considered a "qualified purchaser" (a standard met by having at least $5 million in investments). None of its accounts are non-U.S. persons.

  • High-Net-Worth Individuals* - 13.45%
  • Other Individuals - 82.07%
  • Corporations - 1.38%
  • Charitable Organizations - 3.1%

* The U.S. Securities and Exchange Commission (SEC) defines a high-net-worth individual as someone who has at least $750,000 under management.

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Disclosures

Prairie Rivers Investments, LLC does not have any disclosures.

Please visit its Form ADV for more details.

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