Prairie Sky Financial Group, LLC (Westchester)

Prairie Sky Financial Group, LLC is a large advisory firm based in Westchester. It manages $201.83 million of regulatory assets for 564 client accounts. It has been registered with the SEC as an adviser since 2014 and has operated in the jurisdictions of Arizona, California, Florida, Illinois, and Wisconsin.

Prairie Sky Financial Group provides financial planning services, portfolio management for individuals and small businesses, and educational seminars and workshops. It prepares financial plans for more than 25 clients. On top of advisory services, the firm doesn't engage in other business activities.

Prairie Sky Financial Group: assets under management

The assets under management (AUM) of Prairie Sky Financial Group, LLC is $201.83 million. The firm's AUM has grown by 67% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $196.72 million in discretionary accounts and $5.11 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $380.5 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $108.72 thousand.

Investments

The firm invests in investment and business development companies the most. They account for 57% of the total AUM. The second-largest asset type is exchange traded securities, which make up 32% of the firm’s portfolio. Investments in cash and cash equivalents form 10% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Prairie Sky Financial Group, LLC for their services and products based on a percentage of assets under management and hourly charges. Compensation based on assets under management promotes a long-term relationship between a client and the adviser and helps align mutual interests. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Prairie Sky Financial Group serves?

The firm provides services to individuals, charitable organizations, high net worth individuals, and pension and profit sharing plans. The largest group of clients of Prairie Sky Financial Group is individuals with 286 clients and $121.22 million of assets under management. Among the 9 most similar advisory firms, Prairie Sky Financial Group has the 2nd highest percentage of individuals out of all clients.

The amount of regulatory assets under management is $201.83 million for 298 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.

Prairie Sky Financial Group doesn't advise any private funds.

Careers at Prairie Sky Financial Group, LLC

The company employs 4 people that are either part- or full-time employees. 75 percent of the employees work as investment advisers or researchers. 3 employees are registered as investment adviser representatives with the state securities authorities.

There isn’t anyone 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 don’t receive compensation from other entities for client referrals.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Mark James Lucaccioni	Managing principal, member and chief compliance officer	1 Jan 2014	50% - 75%	2734751
Michael Richard Cason	Member	1 Jan 2014	50% - 75%	811448

Based in Westchester

The principal office where Prairie Sky Financial Group, LLC performs its advisory services is located at 2205 Enterprise Drive, Westchester, IL 60154, which is also the mailing address of the firm. An additional office of the firm is in Lake Bluff, IL. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 847-512-8820 or by fax 847-512-8818. The normal business hours are 8:00 am - 4 pm on Monday - Friday.