Transactions
Focused on the crossroads of insurance,
healthcare services, investment services,
and the technologies that serve those sectors.
Park Sutton advises Stonnington Group, a $575 Million Southern California RIA
Park Sutton Advisors, a Waller Helms Company (“PSA”) is pleased to have represented Stonnington Group (“Stonnington”) 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 Pasadena, CA, Stonnington is a financial planning and investment management firm with approximately $575 million in assets and decades of experience servicing high-net-worth individuals and families.
“As a firm, we have a long history of helping families realize and achieve their financial goals,” said President, Nick Stonnington. “The partnership with PCIA will open our collective team’s capabilities, expertise, and deep resources to further benefit our clients here in Southern California as well as support other PCIA clients across the country.”
Glenn Spencer, CEO of Prime Capital Investment Advisors, said, “Stonnington Group is a multigenerational firm that operates with a whole-team approach that aligns well with Prime Capital. We believe that success is a measure of all pieces of the engine working together. Nick and his team have proven their ability to deliver great client service and grow their business.”
The transaction was co-led by Dan Erichson and Don Schipf of Park Sutton Advisors, A Waller Helms Company. Dan Erichson, Managing Director, said, “Nick has built a very successful firm and, recognizing the increasingly complex needs of Stonnington’s high- and ultra-high-net worth client base, made the decision to partner with a larger firm in efforts to continue to provide the best possible client experience. Nick and his clients will benefit from scale while Prime Capital will have a strong partner to further expand its presence in Southern California.” Don Schipf, Director, added, “This partnership will generate value for both parties, as well as clients, for many years into the future.”