Prime Capital Investment Advisors Acquires Cornerstone Comprehensive Wealth Management

Latest acquisition marks PCIA’s entrance into the Nevada market

OVERLAND PARK, Kan.--(BUSINESS WIRE)--Prime Capital Investment Advisors (PCIA) is pleased to announce its acquisition of Reno, Nevada-based registered investment advisor Cornerstone Comprehensive Wealth Management (Cornerstone). This acquisition marks the first location for PCIA in Nevada and adds $400 million in assets under management.

Cornerstone is a top 10 investment advisory firm in terms of AUM in Reno and brings decades of experience providing premium, high-touch client services to individuals and families. Led by President and Financial Advisor Christopher Abts, Cornerstone has 10 employees, including four advisors who will continue to serve approximately 575 households in partnership with PCIA.

“Cornerstone is a family-owned and -operated firm that provides comprehensive fiduciary-minded support and services that align well with our core values,” said Glenn Spencer, CEO of Prime Capital Investment Advisors. “Rather than measuring its success against other firms, Cornerstone does so based on the goals of its clients. We believe this is critical to providing top-tier client services and will, in turn, generate organic growth. I’m excited to expand into Nevada and welcome the team at Cornerstone to the PCIA family.”

In addition to Cornerstone’s high-quality service, PCIA was impressed by Abts’ expertise in marketing and generating leads via his TV show, “Redefining Retirement.” Abts is also a published author on the topic of retirement planning, reflecting his appealing combination of industry insight and communication skills.

“Helping our clients to achieve their goals and dreams has always been at the core of everything we do,” said Abts. “Partnering with PCIA will enhance our client service capabilities and expand our investment management solutions for our clients and their families.”

The acquisition closed on March 8, 2023. Park Sutton Advisors, A Waller Helms Company, served as the exclusive financial advisor to Cornerstone on the transaction.

To learn more about Prime Capital Investment Advisors, please visit: https://pciawealth.com/.

About Prime Capital Investment Advisors

Prime Capital Investment Advisors provides a client-centric team approach to full-service financial planning, including fee-based asset management and wealth management through its Prime Capital Wealth Management brand. Through its Qualified Plan Advisors brand, the firm also provides retirement plan advisory services, as well as plan participant education. PCIA currently has 62 locations throughout the United States, with investment advisor representatives serving clients across the nation. Advisory services offered through Prime Capital Investment Advisors, LLC. (“PCIA”), a Registered Investment Adviser. PCIA doing business as Qualified Plan Advisors (“QPA”) and Prime Capital Wealth Management (“PCWM”). For more information, visit www.pciawealth.com.