Barron’s featured Prime Capital Investment Advisors announcement of two substantial acquisitions this week. The move adds more than $1 billion in assets through deals with a women-led advisory firm in San Antonio, Texas, and an estate-planning shop in the Southeast.
PCIA billed the acquisition of Crossvault in San Antonio as a continuation of its efforts to expand its ranks of women advisors. The firm cited research from McKinsey finding that women account for just 15% of financial advisors, and emphasized that expanding its own ranks of women advisors and leaders is a key priority.
With Burns Estate Planning and Wealth Advisors, Spencer lauded the firm’s “outstanding record relative to growth and marketing.”