Prime Capital Investment Advisors, an Overland Park, Kansas-based wealth management firm with 62 offices across the United States, said Thursday it acquired Cornerstone Comprehensive Wealth Management, a Nevada RIA with $400 million in assets.
The acquisition marks Prime Capital’s first location in Nevada.
Reno-based Cornerstone is led by president Christopher Abts. It has 10 employees, including four advisors.
Abts hosts a TV show, “Redefining Retirement,” and has written a book with the same title.
Park Sutton Advisor was Cornerstone’s financial advisor on the transaction.
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RayJay's latest additions bolster its independent advisor channel's presence across Pennsylvania, Florida, and Washington.
The deal ending more than 30 years of ownership by the Swiss bank includes six investment strategies representing more than $11 billion in AUM.
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From direct lending to asset-based finance to commercial real estate debt.
