McEwen Group, Prairie Wealth Merge to Form $1 Billion Nebraska RIA
Updated
Updated · Wealth Management · May 18
McEwen Group, Prairie Wealth Merge to Form $1 Billion Nebraska RIA
1 articles · Updated · Wealth Management · May 18
The tie-up combines Prairie Wealth with The McEwen Group—an RBC breakaway team with more than $400 million in AUM and about $200 million in 401(k) assets—into an 11-person employee-owned firm.
Timothy McEwen joins as president and partner under an equity deal, giving his team ownership, broader investment options and access to Prairie Wealth’s existing compliance, technology and operations.
Craig Hundt said the merger caps years of succession planning aimed at keeping Prairie Wealth independent and building a deeper leadership bench rather than selling the firm to an outside buyer.
The combined Nebraska RIA will custody assets with Charles Schwab and Fidelity and blend McEwen’s equity, estate and succession-planning strengths with Prairie Wealth’s municipal-bond and alternatives expertise.
With consolidation accelerating, what are the hidden risks when two successful wealth firms combine forces?
In an industry of mega-mergers, can employee-owned firms offer a better future for advisors and clients?
Why did a founder reject a lucrative cash buyout for a complex partnership to build a legacy?