Richard Pratt
Richard Pratt is a registered investment advisor at Prairie Capital Management Group, LLC, based in Kansas City, MO, with 12 years of industry experience. Richard operates on a fee-only basis, meaning they do not earn commissions from product sales. Their practice areas include Investment Management. Their firm serves 537 clients with $6.7B in assets under management.
Compensation
Firm Size
Number of Clients
Average Client Portfolio
Assets Under Management
Fee Structure
Prairie Capital charges a percentage of the assets they manage. The fee varies based on the amount you invest:
- $0 to $10 million: 0.80% - 1.00%
- $10,000,001 to $25 million: 0.65% - 0.80%
- $25,000,001 to $50 million: 0.50% - 0.65%
- $50,000,001 to $100 million: 0.35% - 0.50%
- Over $100 million: 0.20% - 0.35%
A minimum annual fee of $30,000 generally applies. These fees are guidelines and are subject to negotiation. Prairie Capital also manages the portfolios of limited partnerships (Flint Hills Funds) which pay a performance-based fee, in addition to a management fee.
Location
4900 Main Street, Suite 700, Kansas City, MO, 64112
Get directionsHistory
Regulatory History
No disclosures, customer disputes, or regulatory actions on file.
Disclosures include customer complaints, regulatory actions, and other events that advisors must report to the SEC. A clean record means none have been reported.
Learn about disclosures →Employment History
Current Registrations
Prairie Capital Management Group, LLC
Previous Registrations
Umb Financial Services, INC.
Umb Financial Services, INC.Broker
Morgan Stanley
Morgan StanleyBroker
State Registrations2 states
You can work with an advisor not registered in your state. Most advisors can legally serve a small number of clients across state lines without registering.