Transactions

Park Sutton represents Liberty Wealth Advisors on its sale to Prime Capital Investment Advisors

Park Sutton Advisors, a Waller Helms Company (“PSA”), is pleased to have represented Liberty Wealth Advisors (“Liberty”) on its acquisition by Prime Capital Investment Advisors (“PCIA”), a leading registered investment adviser (“RIA”) with over $23 billion in assets under management and advisement (“AUM/A”) and headquartered in Overland Park, KS. Headquartered in Naples, FL, and with offices in MI and CT, Liberty is a $1.8 billion wealth planning and investment management firm with clients in more than 45 states.

James Gladney, Chairman and CEO of Liberty, commented on the transaction, “Joining Prime Capital Investment Advisors opens a new chapter in our organization’s mission to continue providing exceptional value to our clients and presenting career-growth opportunities for our team members. We’re looking forward to all the ways our combined expertise can enhance client and team member experiences for the entire firm.”

“PCIA has always held a vision of building a national brand by partnering with experts in their respective fields,” said Glenn Spencer, CEO of Prime Capital Investment Advisors, “To that end, Liberty Wealth has developed a notable remote service offering that enables them to deliver comprehensive wealth planning to clients across the country. We look forward to learning from each other and growing our competencies together to enrich the lives of our clients, employees, and other partners.”

The transaction was co-led by Steven Levitt and Donald Schipf, CFA of Park Sutton Advisors, A Waller Helms Company. Managing Director, Steven Levitt, said, “Liberty brings a tech-forward, remote delivery approach to financial planning and servicing clients. They were interested in partnering with a larger organization like PCIA, that recognizes their unique capabilities and would help further expand value-added service offerings to their clients.” Director, Donald Schipf, added, “It was a pleasure to partner with Jim. We congratulate him and the entire Liberty team and are excited to see what the two firms can accomplish together.”