Prime Capital Investment Advisors adds Custodian to meet rapid business growth and advisory needs.
OVERLAND PARK, Canada, May 17, 2023 /PRNewswire/ — Prime Capital Investment Advisors (PCIA) has partnered with Goldman Sachs Advisor Solutions (GSAS) as an additional custody provider, targeting $1 billion on the GSAS platform Has more than AUM. The addition will include sophisticated solutions and services from a recognized global financial institution for PCIA’s largest and most complex customers.
The strategic business decision comes after 18 months of impressive growth for PCIA, driven by double-digit annual organic growth and the addition of 43 advisors. As of April 2023, PCIA has over $20 billion in assets under advice. PCIA is leading the industry in organic and inorganic growth through its differentiated advisor-led organizational structure, which implements repeatable systems and processes that drive scale, and empowers each individual advisor to succeed. Focusing on what is needed.
“Prime Capital Investment Advisors is committed to helping our clients, associates, advisors and partners fulfill their life ambitions,” said Glenn Spencer, Chief Executive Officer. “GSAS provides the services, technology and support we need to provide even greater care and attention to an important and growing segment of our customer base.”
PCIA’s business has evolved into three primary business areas: Prime Capital Wealth Management, Qualified Plan Advisors, and Financial Fitness for Life. As an advisor-led and advisor-governed firm, PCIA’s leadership remains focused on connecting the best strategic partners that can provide its advisors with the support, solutions and tools needed to deliver a personalized and holistic client experience .
“We are confident that GSAS’s digital-first, tech-forward approach to custody, combined with their lending and private investment capabilities, will enable us to provide our clients and advisors with resources comparable to the largest private bank and wirehouse platforms.” but within the client-first, advisor-led culture of the top 100 independent RIAs,” said Scott Duba, chief investment officer and managing director of Wealth Management.
“We are committed to providing differentiation and choice for advisors, which is consistent with the PCIA’s philosophy,” said Cooper Ray, Head of RIA Sales and Execution at Goldman Sachs Advisor Solutions. “We are pleased that Prime Capital has placed their trust in us, recognizing how our technology, people and access to Goldman Sachs complement their existing partnership and enhance their advisory services.”
About Prime Capital Investment Advisors
Prime Capital Investment Advisors provides a client-focused 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 planning advisory services and plan participant education. PCIA currently has 62 locations across the United States, with investment advisory representatives serving clients across the country. Advisory services offered through Prime Capital Investment Advisors, LLC. (“PCIA”), a Registered Investment Advisor. PCIA is doing business as a Qualified Planning Advisor (“QPA”) and Prime Capital Wealth Management (“PCWM”). For more information, visit www.pciawealth.com.
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SOURCE Prime Capital Investment Advisors