Prairieview Partners, LLC (St. Paul)

Name: Prairieview Partners, LLC
Address: 2250 Town Square Tower, St. Paul, MN, 55101
Telephone: 651-233-1100

Prairieview Partners, LLC is a large advisory firm based in St. Paul. It manages $533.78 million of regulatory assets for 307 client accounts. It has been registered with the SEC as an adviser since 2007 and has operated in the jurisdictions of California, Florida, Minnesota, Texas, and Wisconsin.

Prairieview Partners provides financial planning services and portfolio management for individuals and small businesses. It prepares financial plans for more than 250 clients. On top of advisory services, the firm doesn't engage in other business activities.

Prairieview Partners: assets under management

The assets under management (AUM) of Prairieview Partners, LLC is $533.78 million. The firm's AUM has grown by 775% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $530.65 million in discretionary accounts and $3.13 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $1.73 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $3.13 million.

Prairieview Partners has custody of $61.48 million in cash and securities for 158 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in investment and business development companies the most. They account for 90% of the total AUM. The second-largest asset type is exchange traded securities, which make up 5% of the firm’s portfolio. Investments in government bonds form 3% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Prairieview Partners, LLC for their services and products based on a percentage of assets under management and fixed fees. Flat-fee based compensation is the most transparent and the one you can safely predict in advance. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Prairieview Partners serves?

The firm provides services to individuals and high net worth individuals. The largest group of clients of Prairieview Partners is high net worth individuals with 189 clients and $441.05 million of assets under management. Among the 8 most similar advisory firms, Prairieview Partners has the 2nd highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $533.78 million for 307 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. None of the firm’s clients are foreign persons or businesses.

Prairieview Partners doesn't advise any private funds.

Careers at Prairieview Partners, LLC

The company employs 13 people that are either part- or full-time employees. 62 percent of the employees work as investment advisers or researchers. 8 employees are registered as investment adviser representatives with the state securities authorities.

There’s a single person with the role of looking for and bringing in new clients on behalf of the firm. The firm compensates employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Jonathan Mark Jaranson	Member	1 Nov 2007	25% - 50%	4021657
Tom Monte Irwin	Member	1 Nov 2007	25% - 50%	4021672
Kristy Michelle Schaffer	Member	1 Nov 2007	25% - 50%	4194883
Robert Norman Aylin Iii	Member/chief compliance officer	1 Nov 2007	25% - 50%	2855413

Based in St. Paul

The principal office where Prairieview Partners, LLC performs its advisory services is located at 2250 Town Square Tower, St. Paul, MN 55101, which is also the mailing address of the firm. An additional office of the firm is in Northfield, MN. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 651-233-1100 or by fax 651-304-1555. The normal business hours are 8:30 am - 5:00 pm on Monday - Friday. You can find more information about the New York firm at prairieviewpartners.com and its LinkedIn profile.