Prime Capital Acquires Cornerstone


April 3, 2023

On March 9, 2023, Prime Capital Investment Advisors announced that it had acquired Cornerstone Comprehensive Wealth Management.

Under the terms of the transaction, Prime Capital Investment Advisors (“PCIA”) acquired Cornerstone Comprehensive Wealth Management (“Cornerstone”). Four of Cornerstone’s financial advisors will join PCIA. The acquisition closed on March 8, 2023. Financial terms were not disclosed. 

PCIA based in Overland Park, Kansas, is a registered investment advisor. PCIA offers wealth management, retirement plan consulting and financial wellness services. As of the third quarter of 2022, PCIA served more than 10,000 clients and had approximately $8 billion in assets under management.

Cornerstone, based in Reno, Nevada, is an investment advisory firm led by Christopher Abts, best known from the television show “Redefining Retirement.” Cornerstone has $400 million in assets under management. Park Sutton Advisors, a Waller Helms Company, served as the exclusive financial advisor to Cornerstone on the transaction.

To read the press release: please click here.

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