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New Deal


Announced

Completed

Prime Capital completed the acquisition of Cornerstone Comprehensive Wealth Management.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Domestic

Single Bidder

Acquisition

Completed

Friendly

Private

investment advisory

United States

Asset Managers and Custodians

Majority

Synopsis

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Prime Capital, a financial planning provider, completed the acquisition of Cornerstone Comprehensive Wealth Management, an investment advisory firm. Financial terms were not disclosed. “Cornerstone is a family-owned and -operated firm that provides comprehensive fiduciary-minded support and services that align well with our core values. Rather than measuring its success against other firms, Cornerstone does so based on the goals of its clients. 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 and welcome the team at Cornerstone to the PCIA family," Glenn Spencer, Prime Capital Investment Advisors CEO.

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