A hybrid registered investment advisory firm that has grown nearly tenfold over the last half-dozen years received a private equity infusion enabling further expansion.

Overland Park, Kansas-based Prime Capital Investment Advisors secured a minority investment from Abry Partners, which previously took stakes in RIA platform Dynasty Financial Partners and consolidator Beacon Pointe Advisors, the firms said on July 12. Since 2017, Prime Capital has gone from $2.7 billion in client assets to $25 billion managed by 160 financial advisors, including 120 that have stakes in the firm, according to CEO Glenn Spencer. In that span, the company made 19 acquisitions and bulked up its valuation by a factor of 21, he said.