Firm News

Prime Capital Investment Advisors announced the acquisition of Reno, Nev.-based RIA Cornerstone Comprehensive Wealth Management on Thursday. The deal adds $400 million in assets under management and establishes PCIA’s first office in Nevada.

With decades of experience serving individuals and families, Cornerstone is one of the 10 largest firms—by AUM—in the Reno area. Led by President Christopher Abts, one of four advisors, the team of 10 will continue to serve approximately 575 households.

“Rather than measuring its success against other firms, Cornerstone does so based on the goals of its clients,” said PCIA CEO Glenn Spencer. “We believe this is critical to providing top-tier client services and will, in turn, generate organic growth. I’m excited to expand into Nevada.”

For the full story check it out here.