Prairie Capital is set to benefit from an expanded presence in the Dallas-Fort Worth area with the addition of Brownlie & Braden’s team. Credit: smolaw/Shutterstock.

Wealth management firm Focus Financial has announced merger of its partner firms Brownlie & Braden and Prairie Capital Management Group.

Dallas-based Brownlie & Braden, which offers financial advisory services for high-net-worth and ultra-high-net-worth individuals, joined Focus Financial in 2017.

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Brownlie has around 30 years of expertise in investment advice, estate planning, tax guidance, and other services.

The combination with registered investment advisor (RIA) Prairie Capital will provide Brownlie & Braden’s team with access to Prairie’s planning and investment resources.

This collaboration is expected to broaden the advisory capabilities offered to their clients.

Brownlie & Braden former president and Prairie Capital managing director James Braden said: “Joining Prairie Capital is an exciting next step in our evolution. The combination will allow us to offer an even broader array of sophisticated solutions to our clients.

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“What’s equally exciting is the strong cultural alignment. Like us, Prairie is committed to client-first service, integrity, and a collaborative approach. This shared philosophy ensures that the transition will be seamless for our team and clients.”

Prairie Capital is set to benefit from an expanded presence in the Dallas-Fort Worth area, tapping into a significant growth market with the addition of Brownlie & Braden’s team.

As of 11 November 2024, Prairie managed around $7bn in assets. It provided consulting services for an additional $2bn, based on valuations as of 31 October 2024.

Prairie Capital managing director Andy Klocke said: “Dallas-Fort Worth is a key strategic market for us, and the team from Brownlie & Braden will significantly enhance our presence there and across the nation. We look forward to combining our strengths to deliver outstanding results for clients both locally and nationwide.”

Focus CEO Michael Nathanson said: “We’re confident that by joining forces, they will unlock even greater opportunities to serve their clients’ evolving needs with cutting-edge solutions, a deeper bench of resources, and far greater reach.”

Prairie Capital serves clients including family offices, ultra-high-net-worth individuals, foundations, endowments, and other institutions.

Its offers wealth management and investment consulting as well as financial planning, tax and estate planning in coordination with third-party service providers, and other family office services.