Prairie Wealth Merges With Former RBC Team Managing $600M in Assets
Prairie Wealth Advisors announced a strategic merger with The McEwen Group, adding a former RBC Wealth Management advisory team overseeing more than $400 million in assets under management and approximately $200 million in 401(k) assets.
The combined firm will oversee more than $1 billion in client assets, serving mass affluent, high-net-worth and ultra-high-net-worth clients. The McEwen Group will continue operating under its existing name within Prairie Wealth.
The transaction builds on a longstanding professional relationship between Prairie Wealth founder and CEO Craig Hundt and Tim McEwen, managing director of The McEwen Group, who will join Prairie Wealth as a partner and president of the firm.
“This was never about finding just any partner; it was about finding the right one,” Hundt said. “Tim’s values align closely with our vision for delivering tailored client service and continuing to evolve the solutions we provide.”
The firms said both organizations share a planning-focused approach centered on personalized service for affluent families.
“There’s a lot to consider when moving from the broker-dealer world into independence,” McEwen said. “My trust in Craig as a leader gave us confidence in this decision.”
The McEwen Group also expands Prairie Wealth’s capabilities in equity-focused portfolio management, estate planning, succession planning and advanced strategies including captive insurance and cash balance plans.
Additional team members joining Prairie Wealth include Jon McGrew, VP and financial advisor; Brooke Wimes, director of client services; and Isabelle McEwen, administrative assistant. They join Paula Deitering, SVP of wealth management, Hundt and Prairie Wealth’s existing seven-person team.
