Transactions

20/20 Financial Advisers Has Been Acquired By Prime Capital Investment Advisors

New York, NY, December 7, 2021 – Park Sutton Advisors, LLC (“Park Sutton Advisors”) is pleased to have represented 20/20 Financial Advisers (“20/20”) on its acquisition by Prime Capital Investment Advisors (“PCIA”), a leading registered investment adviser (“RIA”) with over $20 billion in assets under management and advisement (“AUM/A”) and headquartered in Overland Park, Kansas. Headquartered in Costa Mesa, California, 20/20 has a nation-wide footprint with four additional offices in California and locations in Texas, Florida, Delaware and Oregon. The Firm, with over $1.2 billion in AUM/A, provides comprehensive wealth management services including financial planning, investment management, and insurance solutions to high-net-worth individuals and families. Terms of the transaction were not disclosed.

“PCIA’s network of wealth management services, retirement plan consulting and financial wellness products is truly attractive as we strive to provide ongoing support to our clients on top of creating their financial plans for the future. We’re excited to join a team with such deep resources,” said Samir Thakkar, CEO of 20/20.

“Over the past four years, we have more than quadrupled our assets under management and revenues. More importantly, we have done this while maintaining a culture of excellence, camaraderie, innovation and growth orientation that is critical to having a healthy environment for clients and associates. 20/20 Financial Advisers embodies the qualities we covet as we continue to expand,” said Glenn Spencer, CEO of PCIA.

Dan Erichson, CFA, a Park Sutton Advisors Director, who led the transaction, said, “The partners at 20/20 have built a tremendous business with locations in the highly sought-after geographies of Southern California, Texas, and Florida. We are so pleased to have helped them find a partner that shares their values. We constantly strive to assist our clients to find high-quality partners who share in a similar culture and complementary business practice. It was a pleasure working with both 20/20 and PCIA on the transaction.”

Steven Levitt, Managing Director and Founder of Park Sutton added, “This is PCIA’s largest transaction to date, adds great talent, and solidifies their position as a competitive player in the RIA space. We expect PCIA will not only be a great partner to 20/20 but for other firms in the years to come. We wish 20/20 and PCIA continued success as they launch their partnership.”