Transactions

Focused on the crossroads of insurance,
healthcare services, investment services,
and the technologies that serve those sectors.
Prime Capital Investment Advisors
was recapitalized by
LNC Partners
Financial advisor to Prime Capital Investment Advisors October 2019
Transaction Contact:
David Helms
David Helms

Managing Director

Prime Capital Investment Advisors & LNC Partners Enter into Strategic Partnership
Industry: Investment Services, Technology
Type: Capital Raise

Prime Capital Investment Advisors, LLC (PCIA) is pleased to announce that it has entered into a partnership with LNC Partners (LNC). With the transaction, which closed Oct. 1, LNC has made a minority investment in PCIA to provide additional growth capital to help PCIA pursue its aggressive growth objectives. 

PCIA is led by co-founders Scott Colangelo and Tim Hakes, and CEO Glenn Spencer. With a 20-year track record of providing wealth management, retirement plan advisory, asset management and financial wellness education, PCIA has built a unique, comprehensive advisory platform with revenue contribution balanced equally between wealth management and retirement plan advisory capabilities. 

“Our pipeline of opportunities remains robust and this partnership will allow us to continue to pursue advisor and firm acquisitions moving forward,” said Colangelo. Over the past two years, PCIA has more than tripled its assets under management, nearly doubled its revenues, added more than 20 advisors and opened 10 additional offices in the U.S. “LNC’s partnership not only supports our growth efforts, but also allows us to continue investing in our world-class client service model that is so important to our clients,” said Hakes.

PCIA lives by the vision of inspiring people to achieve their life’s ambitions. Through this new partnership, PCIA can even further bring the support of a nationally scaled organization paired with localized service. “As we continue to scale our business, LNC provides us with growth capital as well as expertise in the financial services space; we are very excited to be working with their team as we continue to build the very best firm in the industry for clients and our talented advisors,” said Spencer.

“With its exceptional leadership team and proven track record of growth, we strongly believe that PCIA is well-positioned to continue building a best-in-class financial advisory platform for its clients and advisors,” said Matt Kelty, managing partner of LNC. “We are elated about our partnership with PCIA, and are confident that we can achieve our goals together.” 

Waller Helms served as PCIA’s exclusive financial advisor in this transaction with LNC.