Prairie Capital Management Group, LLC (“Prairie Capital”) is part of the Focus Financial Partners, LLC
(“Focus LLC”) partnership. Specifically, Prairie Capital is a wholly owned subsidiary of Focus Operating,
LLC (“Focus Operating”), which is a wholly owned subsidiary of Focus LLC. Focus Financial Partners Inc.
(“Focus Inc.”) is the sole managing member of Focus LLC and is a public company traded on the NASDAQ
Global Select Market. Focus Inc. owns approximately two-thirds of the economic interests in Focus LLC.
Focus Inc. has no single 25% or greater shareholder. Focus Inc. is the managing member of Focus LLC and
has 100% of its governance rights. Accordingly, all governance is through the voting rights and Board at
Focus Inc.
Focus LLC also owns other registered investment advisers, broker-dealers, pension consultants,
insurance firms, business managers and other firms (the “Focus Partners”), most of which provide wealth
management, benefit consulting and investment consulting services to individuals, families, employers,
and institutions. Some Focus Partners also manage or advise limited partnerships, private funds, or
investment companies as disclosed on their respective Form ADVs.
Prairie Capital is managed by Brian Kaufman, Curtis Krizek, Robyn Schneider, Michael Gentry, Andrew
Klocke and Tim Hattey (“Prairie Capital Principals”) pursuant to a management agreement between Main
Street 25 Management, LLC and Prairie Capital. The Prairie Capital Principals serve as officers of Prairie
Capital and are responsible for the management, supervision and oversight of Prairie Capital.
Prairie Capital provides the following asset consulting services as investment supervisory services: (a)
origination of investment policy statement and asset allocation study, search for managers or mutual
funds in accordance with criteria established by client, ongoing performance monitoring and analysis;
and (b) management of investment advisory accounts on a non-discretionary basis with the investment
objective of income for fixed income portfolios and the objective of long term capital appreciation for
equity portfolios. Prairie Capital does not directly invest the assets of the clients.
In addition, Prairie Capital, LLC manages investment advisory accounts not involving investment
supervisory services by managing investments of limited partnerships. In managing such accounts,
Prairie Capital generally utilizes a multi-manager, multi-strategy investment philosophy pursuant to
which it sets asset allocation parameters, selects investment strategies to be used in the management
of client assets and selects and monitors independent investment advisory firms (or, if appropriate,
private or registered investment companies managed
by them) to manage the separate asset classes
and strategies used. There are no restrictions on Prairie Capital’s ability to select asset classes for any
particular pooled account. Thus, Prairie Capital does not directly invest the assets of multi-manager,
multi-strategy accounts.
Upon evaluating a client’s investment history, present situation, and future outlook, Prairie Capital
constructs a plan designed specifically to meet each client’s goals and objectives within each client’s
defined risk tolerance, risk capacity and return expectation.
Prairie Capital is a fiduciary under the Employee Retirement Income Security Act of 1974, as amended
(“ERISA”) with respect to investment management services and investment advice provided to ERISA
plan clients, including plan participants. Prairie Capital is also a fiduciary under section 4975 of the
Internal Revenue Code (the “IRC”) with respect to investment management services and investment
advice provided to individual retirement accounts (“IRAs”), ERISA plans, and ERISA plan participants.
As such, Prairie Capital is subject to specific duties and obligations under ERISA and the IRC that
include, among other things, prohibited transaction rules which are intended to prohibit fiduciaries
from acting on conflicts of interest. When a fiduciary gives advice in which it has a conflict of interest,
the fiduciary must either avoid or eliminate the conflict or rely upon a prohibited transaction
exemption (a “PTE”). As a fiduciary, we have duties of care and of loyalty to you and are subject to
obligations imposed on us by the federal and state securities laws. As a result, you have certain rights
that you cannot waive or limit by contract. Nothing in our agreement with you should be interpreted
as a limitation of our obligations under the federal and state securities laws or as a waiver of any
unwaivable rights you possess.
As of March 31, 2023 Prairie Capital manages $1,521,167,662 client assets on a discretionary basis.
We offer clients the option of obtaining certain financial solutions from unaffiliated third-party
financial institutions with the assistance of our affiliate, Focus Treasury & Credit Solutions (“FTCS”), a
wholly owned subsidiary of our parent company, Focus Financial Partners, LLC. Please see Items 5 and
10 for a fuller discussion of these services and other important information.
We help our clients obtain certain insurance solutions from unaffiliated, third-party insurance brokers by
introducing clients to our affiliate, Focus Risk Solutions, LLC (“FRS”), a wholly owned subsidiary of our
parent company, Focus Financial Partners, LLC. Please see Items 5 and 10 for a fuller discussion of these
services and other important information.