Prairiewood Capital provides financial planning, portfolio management for individuals and small businesses, education planning, philanthropic planning, tax planning, and tax preparation. Financial planning was provided to 101–250 clients last fiscal year.
Prairiewood Capital reports 244 clients. They include 129 high-net-worth individuals, 105 individual clients and 10 charitable organizations. Of its assets, 100.0% ($365M across 1,201 accounts) are managed with discretion. Of its clients, 1% are outside the U.S.
| Client type | Clients | Assets |
|---|---|---|
| Individuals (other than HNW) | 43% | 13% |
| High-net-worth individuals | 53% | 83% |
| Charitable organizations | 4% | 4% |
Client breakdown and activity details
| Client type | Clients | Regulatory AUM | AUM share | Avg. per client |
|---|---|---|---|---|
| Individuals (other than HNW) | 105 | $48M | 13.1% | $457K |
| High-net-worth individuals | 129 | $302M | 82.8% | $2.34M |
| Charitable organizations | 10 | $15M | 4.1% | $1.5M |
| Total | 244 | $365M | 100% | $1.5M |
- Clients
- 105
- Regulatory AUM
- $48M
- AUM share
- 13.1%
- Avg. per client
- $457K
- Clients
- 129
- Regulatory AUM
- $302M
- AUM share
- 82.8%
- Avg. per client
- $2.34M
- Clients
- 10
- Regulatory AUM
- $15M
- AUM share
- 4.1%
- Avg. per client
- $1.5M
Total
- Clients
- 244
- Regulatory AUM
- $365M
- AUM share
- 100%
- Avg. per client
- $1.5M
- Clients outside the U.S.
- 1%
- Clients advised without assets under management last fiscal year
- 0
- Private funds advised
- 0
- Financial planning clients last fiscal year
- 101–250
Prairiewood Capital charges 0.50%–1.50% for its Investment management services. The brochure does not state whether the rate is annual. The fee is billed in arrears. The brochure also prices 3 other services, listed under fee details.
Fee details and sources
Other fees
- Estate planning software access
- A one-time access fee of $500 and an ongoing annual fee of $100 for access to the estate planning software platform.
- Payroll support services
- Payroll support services are charged at a fee of up to $500 per quarter, invoiced after the services are performed.
- Tax preparation
- Tax preparation is charged as a flat fee, negotiable up to $5,000, invoiced after the services are performed.
Prairiewood Financial Group, LLC owns 50% to 75% of Prairiewood Capital and is in turn owned by Steven Nelson (75% or more). The leadership team of Prairiewood Capital includes Chief Compliance Officer Nathan Anderson. It has 8 employees, 4 of them in advisory roles.
Staff
- 8 employees
- 4 in advisory functions
- 4 state-registered reps
- Owns 50% to 75% of Prairiewood Capital, LLC
Prairiewood Financial Group, LLC
Control person · since August 2017
- Owns 75% or more of Prairiewood Financial Group, LLC
Steven Nelson
Control person · since August 2017
- Owns 50% to 75% of Prairiewood Capital, LLC
Nma Holdings LLC
Control person · since March 2022
- Owns 75% or more of Nma Holdings LLC
Nathan Anderson
Control person · since March 2022
Prairiewood Capital’s regulatory assets grew 3.0× from $120M (January 2021) to $365M (June 2026); clients rose from 103 to 244 and employees from 2 to 8.
Figures from each annual filing
| Filed | Regulatory AUM | Clients | StaffEmployees | Offices |
|---|---|---|---|---|
| Jun 2026June 2026 | $365M | 244 | 8 | 1 |
| May 2025May 2025 | $274M | 201 | 6 | 1 |
| Jan 2024January 2024 | $217M | 166 | 3 | 1 |
| Aug 2023August 2023 | $151M | 129 | 2 | 1 |
| May 2022May 2022 | $152M | 109 | 2 | 1 |
| Jan 2021January 2021 | $120M | 103 | 2 | 1 |
Besides its headquarters, Prairiewood Capital has 0 offices, with 1 listed address in 1 state.
North Dakota · 1 listed address
- 3175 Sienna DR S, Ste 100, FargoHQ
Contact and registration details
- Legal name
- Prairiewood Capital, LLC
- Headquarters
- 3175 Sienna DR S, Ste 100, Fargo, ND 58104
- Website
- pw-wm.com
- Phone
- 701-234-0521
- @prairiewood-wealth-management
- SEC file
- 801-118221
- Founded
- 2009
- Structure
- North Dakota LLC
- Fiscal year end
- December
Prairiewood Capital’s named custodian for separately managed accounts is Charles Schwab ($362M). Prairiewood Capital has custody of $52.7M for 40 clients.
- Charles SchwabCharles Schwab & Co., Inc. · San Francisco, CA · $362M100%
At year end, Prairiewood Capital’s separately managed accounts were mostly in funds (82%) and stocks (19%). Its reported 13F holdings for the quarter ended 30 June 2026 total $386M across 81 positions; the largest are Schwab Strategic TR (20.6%), Schwab Strategic TR (15.9%) and Schwab Strategic TR (7.8%).
What the accounts hold
- Stocks19%
- Exchange-traded equities18%
- Non-exchange-traded equities1%
- Funds82%
- Registered funds81%
- Pooled vehicles1%
- Bonds2%
- U.S. government and agency bonds1%
- State and local bonds1%
- Cash1%
- Other2%
- Derivatives1%
- Corporate event, including tender offer1%
How many clients does Prairiewood Capital have?
Prairiewood Capital has 244 clients and manages $365 million for them, as of June 2026. They include 129 high-net-worth individuals, 105 individual clients and 10 charitable organizations.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 30 June 2026
What services does Prairiewood Capital offer?
Prairiewood Capital provides financial planning, portfolio management for individuals and small businesses, education planning, philanthropic planning, tax planning, and tax preparation.
Source: Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file; Part 2A brochure, Item 4
How much does Prairiewood Capital charge?
Prairiewood Capital charges 0.50%–1.50% for its Investment management services. The brochure does not state whether the rate is annual. The fee is billed in arrears.
Which custodians does Prairiewood Capital use?
Prairiewood Capital’s separately managed account assets are held at Charles Schwab & Co., Inc. (San Francisco, CA), with $362M. Only custodians holding at least a tenth of those assets are named.
Source: Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 30 June 2026
How many financial advisors does Prairiewood Capital have?
Prairiewood Capital has 4 investment adviser representatives registered with state securities authorities, out of 8 employees, and 4 perform investment advisory functions. None are registered representatives of a broker-dealer or licensed insurance agents.
Source: Form ADV Part 1A, Items 5.A and 5.B, from the SEC's 2 October 2026 data file
What does Prairiewood Capital invest in?
At the end of its last fiscal year, Prairiewood Capital’s separately managed accounts held 81% registered funds (mutual funds, ETFs, BDCs), 18% exchange-traded equities, 1% non-exchange-traded equities, 1% U.S. government and agency bonds, 1% state and local bonds, 1% derivatives, 1% pooled vehicles (private funds and similar), 1% cash and equivalents and 1% other. The 1% other category is described as: Corporate Event, Including Tender Offer.
Source: Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file
Who owns Prairiewood Capital?
Prairiewood Capital is owned through holding companies by Steven Nelson and Nathan Anderson. Its direct owners are Prairiewood Financial Group, LLC (50% to 75%) and Nma Holdings LLC (50% to 75%).
Source: Form ADV Part 1A, Schedules A and B, filed 30 June 2026
How does Prairiewood Capital get paid?
Prairiewood Capital is paid through a percentage of assets under management, hourly charges, fixed fees and other compensation. Its Form ADV lists no commissions or performance-based fees among how it is paid.
Source: Form ADV Part 1A, Item 5.E, from the SEC's 2 October 2026 data file
How do I contact Prairiewood Capital?
Prairiewood Capital’s main office is at 3175 Sienna DR S, Ste 100, Fargo, ND 58104. Its phone number is 701-234-0521. Its website is pw-wm.com.