OVERLAND PARK, Kan.–(BUSINESS WIRE)–Prime Capital Investment Advisors (PCIA) is pleased to announce the acquisitions of 20/20 Financial Advisers and Financial Network Limited. These moves greatly expand PCIA’s footprint as 20/20 Financial Advisers has 14 locations across California, Florida, Oregon, Texas, and Delaware and Financial Network Limited is based in Connecticut, expanding PCIA’s presence in the Northeast. Both firms bring world-class talent, tremendous expertise, geographic diversity and decades of experience to PCIA.

“Over the past four years, we have more than quadrupled our assets under management and revenues. More importantly, we have done this while maintaining a culture of excellence, camaraderie, innovation and growth orientation that is critical to having a healthy environment for clients and associates. 20/20 Financial Advisors and Financial Network Limited embody the qualities we covet as we continue to expand. Samir Thakkar, Managing Partner of 20/20 Financial Advisers, and Michael Del Re III, Managing Partner of Financial Network Limited, are both tremendous leaders who have built world-class businesses,” says Glenn Spencer, CEO of PCIA.

These acquisitions will add more than 1,500 clients and over 30 new professionals to PCIA’s business. Following the close of these transactions, PCIA’s assets under management will exceed $20 billion while serving over 10,000 households’ wealth management needs and over 750 corporate retirement plans across the United States.

“Both of these acquisitions bring strategic benefits to PCIA well beyond their assets under management,” says Scott Colangelo, Chairman of PCIA. “20/20 Financial Advisers brings tremendous financial planning expertise, a broad leadership team and geographic diversity while Financial Network Limited brings a balance of retirement plan expertise coupled with a tremendous wealth management practice. Every time we grow, we want to get better, and these two acquisitions make us better,” comments Colangelo.

“PCIA’s network of wealth management services, retirement plan consulting and financial wellness products is truly attractive as we strive to provide ongoing support to our clients on top of creating their financial plans for the future. We’re excited to join a team with such deep resources,” says Samir Thakkar.

Michael Del Re, III adds, “Our commitment to continually improve our process is part of our investment in those we serve. Joining the PCIA team only strengthens that investment in our clients and their successful financial futures.”

Both acquisitions will close by December 31, 2021, and the terms were not disclosed.

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 27 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.