AdvisorCensus / Financial advisors / Missouri / Kansas City / Prairie Advisory, LLC
Prairie Advisory, LLC is an SEC-registered investment advisory firm in Leawood, KS, registered since 2026, reporting $500 million to $1 billion in regulatory assets under management in its Form ADV filing dated September 30, 2026.
Quick answers
From the filingHow is Prairie Advisory, LLC compensated?
On its Form ADV (Item 5.E, October 2026), Prairie Advisory, LLC reports these compensation arrangements: a percentage of assets under its management; hourly charges; fixed fees (other than subscription fees).
Where is Prairie Advisory, LLC located?
Prairie Advisory, LLC's principal office is in Leawood, KS, according to its Form ADV; the October 2026 filing also lists 3 other offices (Schedule D, Section 1.F).
Is Prairie Advisory, LLC registered with the SEC or a state?
Prairie Advisory, LLC is an SEC-registered investment advisory firm, registered since 2026. Status as filed: Approved. CRD 339211.
How much does Prairie Advisory, LLC manage?
Prairie Advisory, LLC reports $554,260,000 in regulatory assets under management in its Form ADV filing dated September 30, 2026 (100% discretionary).
What types of clients does Prairie Advisory, LLC serve?
By number of clients on Form ADV Item 5.D: other (625).
Which custodians does Prairie Advisory, LLC use?
Prairie Advisory, LLC's most recent Form ADV filing (Schedule D, Section 5.K(3)) lists Charles Schwab & Co., Inc. and LPL Financial LLC as custodians holding 10% or more of its separately managed account assets.
Does Prairie Advisory, LLC report any disciplinary disclosures?
Reports no disclosure items on Form ADV Item 11. The detail of any item is on the firm's SEC record: https://adviserinfo.sec.gov/firm/summary/339211
Does Prairie Advisory, LLC state an account minimum?
Its Form ADV Part 2A brochure dated January 2, 2026 says: "For its services, Prairie Advisory does not require a minimum dollar value in assets for establishing or maintaining a client’s account, but the firm reserves the right to decline engagements for various reasons including account size."
What changed in Prairie Advisory, LLC's recent Form ADV filings?
In the July 2026 filing data: Employees performing advisory functions went from 6 to 9.
From the Form ADV filing
Every figure below is as the firm filed it with regulators, as of October 2026.
How the firm is compensated
Item 5.E- A percentage of assets under your management
- Hourly charges
- Fixed fees (other than subscription fees)
Item 5.E lists how the firm is compensated for its advice; Items 5.B, 6.A, and 7.A show whether its people or related companies can also earn commissions. Percentage of assets, fixed, hourly, subscription, and performance-based fees come from clients (a performance-based fee depends on investment results); commissions come with a sale or a trade, often from the company behind the product. How fees, commissions, and other arrangements differ
Fees and minimums
Form ADV Part 2AThe brochure lists different fees for different services or strategies; see the brochure for them.
Account minimum: None
The brochure's wording
For its services, Prairie Advisory does not require a minimum dollar value in assets for establishing or maintaining a client’s account, but the firm reserves the right to decline engagements for various reasons including account size.
As stated in the firm's Form ADV Part 2A brochure dated January 2, 2026. Fees can differ by service and may be negotiable; the brochure is the complete statement. Read the brochure on the SEC's IAPD site
Regulatory assets under management
Item 5.F$554,260,000 as of October 2026, filing dated September 30, 2026.
A measure of scale, not skill or returns. Discretionary means the firm decides trades; non-discretionary means clients approve each one. What assets under management means
Who the firm serves
Item 5.DA firm with no individual clients is an institutional manager even if it manages billions; the mix tells you whom the practice is built around.
Advisory services
Item 5.G- Financial planning services
- Portfolio management for individuals and/or small businesses
- Pension consulting services
Registration and firm details
Items 1, 2, 5- Also doing business as
- PASCHANG & ASSOCIATES, WILBORN ADVISORS
- Registration
- SEC-registered investment adviser. Status as filed: Approved.
- Registered since
- 2026 (0 years)
- Employees
- Total: 12. Performing investment advisory functions: 9.
- Wrap fee program participation
- No.
- Custodians (Schedule D, Section 5.K(3))
-
Custodians holding 10% or more of the firm's separately managed account assets, as filed on Form ADV (Schedule D, Section 5.K(3)). A custodian holds client assets; it does not endorse or supervise the firm. AdvisorCensus has no relationship with any custodian.
- Other offices (Schedule D, Section 1.F)
-
3 other offices, as of the October 2026 filing
- States registered or notice-filed
-
7 states or jurisdictions
SEC-registered investment advisers are examined by the SEC. SEC, state, and exempt registration
Disclosures
Item 11None Reports no disclosure items on Form ADV Item 11. View on IAPD.
Item 11 asks about criminal, regulatory, and civil events involving the firm and its advisory personnel. The detail of each yes answer is on the IAPD record. Reading a firm's disclosures
Changes in the filing
Last 12 months- July 2026
- Employees performing advisory functions went from 6 to 9.
- May 2026
- Registered or notice-filed in CA, FL, LA, MO, NE.
- March 2026
- Newly registered with the SEC.
Compared month to month from the SEC's monthly adviser data and the state compilation feed. Owners and control persons are summarized, never named.
Websites listed on Form ADV
Item 1.ISource: Form ADV, as of October 2026. Values appear as filed; a value the firm did not report is shown as "Not reported."
Cite this page
AdvisorCensus. Prairie Advisory, LLC (CRD 339211): Form ADV filing data as of October 2026. https://advisorcensus.com/firm/prairie-advisory-llc-leawood-ks-339211