A. Firm Information
We provide services to individuals and high net worth individuals, principally concerning mutual funds and ETFs, as
well as manager selection and supervision. As a registered investment adviser, we are held to the highest standard of
client care - a fiduciary standard. As a fiduciary we always put our client1s interests first and must fully disclose any
potential conflict of interest. We do not hold customer funds or securities. The IARs are under the supervision of the
Firm, and the advisory services of the IAR are provided through PSFG.
Prairie Sky Financial Group, LLC (hereinafter "PSFG") is a Limited Liability Company organized in the State of Illinois.
The firm was formed in January 2014, and the principal owners are Mark J Lucaccioni and Michael R. Cason. Brent P.
Nicks is the Chief Compliance Officer for PSFG. This Disclosure Brochure provides information regarding the
qualifications, business practices, and the advisory business provided by our Firm.
B. Types of Advisory Services
Portfolio Management Services
PSFG offers ongoing portfolio management services based on the individual goals, objectives, time horizon, and risk
tolerance of each client. PSFG creates an Investment Policy Statement for each client, which outlines the client's
current situation (income, tax levels, and risk tolerance levels). Portfolio management services include, but are not
limited to, the following:
Investment strategy development Personal investment policy creation
Asset allocation review and development Asset selection
Risk tolerance review and understanding Regular portfolio monitoring
PSFG evaluates the current investments of each client with respect to their risk tolerance levels and time horizon.
PSFG will request discretionary authority from clients in order to select securities and execute transactions without
permission from the client prior to each transaction. Risk tolerance levels are documented in the Investment Policy
Statement, which is given to each client.
PSFG seeks to provide that investment decisions are made in accordance with the fiduciary duties owed to its
accounts and without consideration of PSFG's economic, investment or other financial interests. To meet its fiduciary
obligations, PSFG attempts to avoid, among other things, investment or trading practices that systematically
advantage or disadvantage certain client portfolios, and accordingly, PSFG's policy is to seek fair and equitable
allocation of investment opportunities/transactions among its clients to avoid favoring one client over another over
time. It is PSFG's policy to allocate investment opportunities and transactions it identifies as being appropriate and
prudent among its clients on a fair and equitable basis over time.
PSFG offers portfolio management services through our sponsored wrap program utilizing the Strategic Wealth
Management custodial account platform of LPL Financial LLC. Please see our separate Wrap Fee Program
Brochure for complete information regarding this advisory service.
LPL Sponsored Advisory Programs
Strategic Wealth Management (SWM) is a custodial account opened with LPL which is used by PSFG to manage client
assets. PSFG IARs use the SWM platform to directly manage their client(s) assets on either a discretionary or non-
discretionary basis using the investment advisory agreements of PSFG.
When appropriate certain IARs may provide additional advisory services through programs sponsored by LPL Financial,
LLC (“LPL”). Below is a brief description of each LPL advisory program utilized by our firm. Annualized fees for
participation in LPL advisory programs vary up to a stated maximum of 3.00%. Regardless, PSFG has imposed a stated
firm maximum below this threshold for the use of any advisory programs. For more information regarding the LPL
programs, including more information on the advisory services and fees that apply, the types of investments available in
the programs and the potential conflicts of interest presented by the programs please see the LPL Financial Form ADV
Part 2A or the applicable LPL program’s brochure, and the applicable LPL Financial client agreement.
Guided Wealth Portfolios (GWP) offers clients the ability to participate in a centrally managed, algorithm-based
investment program, which is made available to users and clients through a web-based, interactive account management
portal (“Investor Portal”). Investment recommendations to buy and sell open-end mutual funds and exchange-traded funds
are generated through proprietary, automated, computer algorithms (collectively, the “Algorithm”) of Xulu, Inc., doing
business as FutureAdvisor (“FutureAdvisor”), based upon model portfolios constructed by LPL and selected for the
account as described below (such model portfolio selected for the account, the “Model Portfolio”). Communications
concerning GWP are intended to occur primarily through electronic means (including but not limited to, through email
communications or through the Investor Portal), although PSFG IARs will be available to discuss investment strategies,
objectives, or the account in general in person or via telephone.
A preview of the Program (the “Educational Tool”) is provided for a period of up to forty-five (45) days to help users
determine whether they would like to become advisory clients and receive ongoing financial advice from LPL,
FutureAdvisor and PSFG by enrolling in the advisory service (the “Managed Service”). The Educational Tool and
Managed Service are described in more detail in the GWP Program Brochure. Users of the Educational Tool are not
considered to be advisory clients of LPL, FutureAdvisor or PSFG, do not enter into an advisory agreement with LPL,
FutureAdvisor or PSFG, do not receive ongoing investment advice or supervisions of their assets, and do not receive any
trading services. A minimum account value of $5,000 is required to enroll in the Managed Service.
Model Wealth Portfolios (MWP) offers clients a professionally managed mutual fund asset allocation program. We will
obtain the necessary financial data from the client, assist the client in determining the suitability of the MWP program and
assist the client in setting an appropriate investment objective. We initiate the steps necessary to open an MWP account
and have discretion to select a model portfolio designed by LPL Financials’ Research Department consistent with the
client’s stated investment objective. LPL Financials’ Research Department is responsible for selecting the mutual funds
within a model portfolio and for making changes to the mutual funds selected. The client will authorize LPL Financial to
act on a discretionary basis to purchase and sell mutual funds, including in certain circumstances exchange traded funds
and to liquidate previously purchased securities. The client will also authorize LPL Financial to effect rebalancing for MWP
accounts.
Additionally, the MWP program may make available
model portfolios designed by strategists other than LPL’s Research
Department. If such models are made available, we will have discretion to choose among the available models designed
by LPL and outside strategists.
MWP further allows for IAR as Portfolio Strategist. In addition to portfolios designed by LPL Research and third-party
Portfolio Strategists, clients can invest in portfolios managed by an IAR of PSFG. The IAR is responsible for selecting the
mutual funds, ETFs, ETNs, closed-end funds, equities or fixed-income securities within a Portfolio, the asset allocation for
the Portfolio, and for making changes to the securities selected and asset allocation over time. Each IAR chooses his/her
own research methods, investment strategy and management philosophy. It is important to note that no methodology or
investment strategy is guaranteed to be successful or profitable. The IAR has access to various research reports,
including those provided by LPL’s Research Department, to which he/she may refer in determining which securities to
purchase or sell. LPL has discretion to buy and sell securities in the Account (according to the Portfolio selected) and to
liquidate previously purchased securities that are transferred into the Account. LPL expects to closely track the Portfolios,
applying discretion only to address particular account issues, including tax rebalancing, loss harvesting, tracking error
from the Portfolio, customized requests, and investment restrictions placed on the account. LPL may also apply discretion
to deviate from the model portfolios in accounts, in which it is not possible or impractical to be invested in all of a model’s
holdings, for example in smaller accounts.
Selection of Other Advisers
Our firm may utilize the services of a third-party money manager for the management of client accounts. Investment
advice and trading of securities will only be offered by or through the chosen third-party money manager. Our firm will not
offer advice on any specific securities or other investments in connection with this service. When referring clients, PSFG
requires our affiliated IAR to utilize only providers and strategies approved through LPL Financial LLC. PSFG leverages
the due diligence resources of our strategic partnership with LPL Financial, along with internal reviews as may be
required, to meet the due diligence requirements for our clients. In order to assist in the selection of a third-party money
manager, our firm will gather client information pertaining to the financial situation, investment objectives, and reasonable
restrictions to be imposed upon the management of the account. Presently, PSFG utilizes the third-party management
services of Natixis AIA, Parametric Portfolio Associates, Zacks Investment Management, and Nuveen Asset
Management.
Our firm, through its IAR, will review the financial situation and objectives of our clients to determine the need to
communicate information to a third-party manager as warranted. IAR will additionally assist clients in understanding and
evaluating the services provided by the third-party money manager, including the review of third-party manager reports
provided to the client as may be necessary. Clients will be expected to notify their IAR of any changes in their financial
situation, investment objectives, or account restrictions that could affect their financial standing.
Financial Planning and Consulting
Financial plans and financial planning may include but are not limited to investment planning, life insurance reviews, tax
planning, retirement planning, college planning, and debt planning. Our written financial plans or financial consultations
rendered to clients usually include general recommendations for a course of activity or specific actions to be taken by the
clients. For example, recommendations may be made that the clients begin or revise investment programs, create or
revise wills or trusts, obtain or revise insurance coverage, commence or alter retirement savings, or establish education or
charitable giving programs.
It should also be noted that we refer clients to an accountant, attorney, or other specialist, as necessary for non-advisory
services. For written financial planning engagements, we provide our clients with a written summary of their financial
situation, observations, and recommendations. For financial consulting engagements, we usually do not provide our
clients with a written summary of our observations and recommendations as the process is less formal than our planning
service. Plans or consultations are completed within six (6) months of the client signing a contract with us, assuming all
the information and documents we request from the client are provided to us promptly.
Services Limited to Specific Types of Investments
PSFG generally limits its investment advice to mutual funds, fixed income securities, equities, hedge funds, private equity
funds, ETFs (including ETFs in the gold and precious metal sectors), treasury inflation protected/ inflation linked bonds,
non-U.S. securities and private placements, although PSFG primarily recommends mutual funds and ETFs.
Clients may come to the adviser with equity securities, and some clients specifically ask for equity investing. Otherwise,
equities, fixed income and non-U.S. securities will principally be through mutual funds and ETFs, and occasionally PSFG
will invest in a commodity ETF. PSFG may use other securities as well to help diversify a portfolio.
C. Client Tailored Services and Client Imposed Restrictions
We offer individualized investment advice to clients utilizing our portfolio management services. Additionally, we offer
general investment advice to clients utilizing our Financial Planning & Consulting, Retirement Plan Consulting, Referrals
to Third Party Money Management and LPL Sponsored Advisory Program services.
Each client can place reasonable restrictions on the types of investments to be held in the portfolio. Restrictions on
investments in certain securities or types of securities may not be possible due to the level of difficulty this would entail in
managing the account. Restrictions would be limited to our portfolio management service. We do not manage assets
through our other services. PSFG and its IAR reserve the right to terminate advisory services or to not initiate advisory
services for a client if the requested restrictions are deemed unreasonable and beyond the firm’s capacity to employ.
D. Wrap Fee Programs
PSFG offers portfolio management services through our sponsored wrap program utilizing the Strategic Wealth
Management custodial account platform of LPL Financial LLC. Please see our separate Wrap Fee Program Brochure for
complete information regarding this advisory service.
E. Assets Under Management
PSFG has $269,405,414 in discretionary and $6,215,311 in non-discretionary regulatory assets under management as of
December 31st, 2023.