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Prime Capital Investment Advisors Acquires Stonnington Group

Jan 03, 2023•almost 3 years ago

Acquiring Company

Prime Capital Investment Advisors

Acquired Company

Stonnington Group

Angel InvestmentFinanceFinancial Services

Description

Prime Capital Investment Advisors (PCIA), is pleased to announce its acquisition of Pasadena-based registered investment advisor (RIA) Stonnington Group. The acquisition expands PCIA’s presence in Southern California and adds $575 million in assets under management.

Company Information

Company

Prime Capital Investment Advisors

About

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 51 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. *As of 1-1-2022

M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed