Prairie Capital Management, LLC is a large advisory firm based in Kansas City. It manages $4.51 billion of regulatory assets for 1,542 client accounts. It has been registered with the SEC as an adviser since 2007 and has operated in the jurisdictions of Arizona, California, Colorado, and 17 other states.
Prairie Capital Management provides financial planning services, portfolio management for individuals and small businesses, portfolio management for pooled investment vehicles, portfolio management for businesses and institutional clients, pension consulting services, and selection of other advisers. It prepares financial plans for more than 250 clients. On top of advisory services, the firm doesn't engage in other business activities.
The assets under management (AUM) of Prairie Capital Management, LLC is $4.51 billion. The firm's AUM has grown by 133% since the beginning of its operation, and $8.12 million of the total AUM is attributable to clients outside of the United States.
The advisory firm has several streams of revenue. Clients pay Prairie Capital Management, LLC for their services and products based on a percentage of assets under management, hourly charges, fixed fees, and performance-based fees. The adviser charges an additional fee when a set benchmark is outperformed. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.
The firm provides services to high net worth individuals, pooled investment vehicles, and corporations or other businesses. The largest group of clients of Jonathan Edward Baum is high net worth individuals with 398 clients and $1.52 billion of assets under management. Among the 6 most similar advisory firms, Prairie Capital Management has the highest percentage of high net worth individuals out of all clients.
The amount of regulatory assets under management is $3.52 billion for 470 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 1% of the firm’s clients are foreign persons or businesses.
Prairie Capital Management also advises several private funds. Namely, four hedge funds, six other private funds, and twenty four private equity funds. The minimum investment commitment required of non-related persons ranges from $25,000 to $1,000,000.
The company employs 37 people that are either part- or full-time employees. 100 percent of the employees work as investment advisers or researchers. 19 employees are registered as investment adviser representatives with the state securities authorities.
There are 4 people with the role of looking for and bringing in new clients on behalf of the firm. The firm doesn’t compensate employees in addition to the salary for bringing in new clients. Employees receive compensation from other entities for client referrals.
Jonathan Edward Baum has been acting as President since 1 Nov 2007. Michael Mueller Gentry joined the executive team most recently as the Senior Vice President, Managing Director.
The principal office where Prairie Capital Management, LLC performs its advisory services is located at 4900 Main Street, Suite 700, Kansas City, MO 64112, which is also the mailing address of the firm. An additional office of the firm is in Oakbrook Terrace, IL. It doesn’t run an office outside of the United States.
You can reach the main office by calling the phone number 816-531-1101 or by fax 816-960-4806. The normal business hours are 8:30 am to 5:00 pm on Monday - Friday. You can find more information about the New York firm at prairiecapital.com.