Prairie Capital Management Group, LLC

CRD#311623
Investment Advisor Firm

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Learn more about Prairie Capital Management Group, LLC

  • Overview
  • By the Numbers
  • Products and Services
  • Fee Structure
  • Types of Clients
  • Disclosures
  • State Registrations
  • Office Locations
  • Firm Advisors

    • Overview

    Prairie Capital Management Group, LLC operates as an advisory company that has its headquarters in Kansas City, Missouri. The firm administers $5.9 billion in total assets throughout 1,723 customer accounts, placing it among the largest investment advisory firms in the country by assets under management (AUM). It has a small group, including 18 financial advisors. Prairie Capital Management Group, LLC is not a registered broker-dealer, signifying that the firm cannot buy and sell securities for its own accounts as well as its customers' and instead must go through a broker-dealer company to do so. Securities are tradable fiscal assets like options, equities and bonds.

    Prairie Capital Management Group, LLC manages 70 of the company's client assets in a discretionary manner. Discretionary management signifies that a portfolio manager has the discretion to make transaction choices without needing to seek client approval. The firm also oversees 1,653 non-discretionary accounts totaling $4.4 billion in assets under management. The investment advisory firm oversees an average of $3.4 million for each customer account. An average advisor at Prairie Capital Management Group, LLC manages about 96 client accounts.

    The company's main office is located at 4900 Main Street, Kansas City, Missouri 64112. Prairie Capital Management Group, LLC is permitted to serve investors throughout 32 U.S. states and territories.

    Assets Under Management

    $5.9 billion

    Number of Advisors

    18

    Disclosures

    No

    Office Location

    4900 Main Street
    Kansas City, MO 64112

    Prairie Capital Management Group, LLC by the Numbers

    Total Assets Under Management

    $5.9 billion

    National Average: $8.6 billion
    Total Number of Employees

    38

    National Average: 64
    Total Number of Accounts

    1,723

    National Average: 375,227
    Average Account Size

    $3.4 million

    National Average: $23.0 thousand
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    Products and Services

    Prairie Capital Management Group, LLC provides a variety of services, which can consist of financial planning services, portfolio management for individuals and small businesses, portfolio management for pooled investment vehicles, portfolio management for institutional clients, pension consulting services, selection of other advisers and other services. In the past fiscal year, it provided financial planning services to 251-500 of its accounts. Prairie Capital Management Group, LLC is engaged in selling products or offering services other than investment advice to its clients. Prairie Capital Management Group, LLC also has a number of financial industry affiliations, including with a broker-dealer or securities dealer, insurance company or agency, pension consultant and commodity pool advisor.

    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.

    • Find a firm that offers this service

      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.

    • Find a firm that offers this service

      Publication of Periodicals

      This is the publication of various financial education materials.

    • Find a firm that offers this service

      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 typically depend on the type of services provided. However, fees billed by Prairie Capital Management Group, LLC likely consist of the following fee types: asset-based, hourly, fixed, performance-based or other. Wrap fee programs, or the practice of bundling services for a single fee, are not offered by the firm.

    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 26% of firms

      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.

    • 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.

    • Offered by 10% of firms

      Other

      Show Explanation

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

    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 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.

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    Types of Clients

    It caters to high net worth investors, pooled investment vehicles, charitable organizations and corporations. Out of its 1,723 accounts, Prairie Capital Management Group, LLC's largest client group by number of accounts is high net worth investors, although it also manages money for 430 high-net-worth individuals. The SEC defines a high-net-worth individual as a person 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 the company's accounts are represented by people from outside of the U.S.

    • High-Net-Worth Individuals* - 83.33%
    • Other Individuals - 0%
    • Corporations - 14.53%
    • Charitable Organizations - 2.13%

    * 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 Capital Management Group, LLC does not have any disclosures.

    Please visit its Form ADV for more details.

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    Financial Advisors at Prairie Capital Management Group, LLC

    Brett Blau
    Kansas City, MO
    Cory Ross
    Englewood, CO
    John Thurlow
    Dallas, TX
    Michael Gentry
    Kansas City, MO
    Wayne Kraus
    Kansas City, MO
    Jarrod Pierson
    Kansas City, MO
    Shawn Hause
    Kansas City, MO
    Christopher Blunt
    Kansas City, MO
    Andrew Klocke
    Kansas City, MO

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