Prime Capital Monetary, an Overland Park, Kan.-based RIA with greater than $24 billion in belongings beneath administration, has employed Jania Stout, a former senior vp of retirement and wealth at Atlanta-based OneDigital, as president of its retirement plan consulting enterprise and monetary wellness firm.
This follows the RIA’s rebranding in July from Prime Capital Funding Advisors to Prime Capital Monetary to mirror the 25 acquisitions the agency has accomplished over the past seven years. At the moment, it additionally rebranded Certified Plan Advisors, now Prime Capital Retirement, and Monetary Health for Life, now Prime Capital Wellness, the 2 companies Stout will lead.
“Prime Capital Monetary understands what’s at stake for retirees and has constructed out an unimaginable workforce in its retirement follow,” Stout stated in an announcement. “We’ve got the talents and assist we have to information plan members towards the lives they need to dwell and share our initiatives and options on a nationwide stage.”
Stout joined OneDigital in 2021 when the agency acquired the belongings of Fiduciary Plan Advisors, which she based in 2014. It had grown to $6 billion in belongings held by over 200,000 American employees. She started her profession at different plan suppliers, together with ADP and Constancy.
She additionally served as president of the Nationwide Affiliation of Plan Advisors between 2018 and 2020. In 2017, she testified earlier than Congress and labored with the Division of Labor on fiduciary laws.
Within the new position, she’ll work carefully with Scott Colangelo, founding father of Prime Capital Retirement.
“Twenty years in the past, I based the retirement follow to bridge the gaps in schooling and assets for retirement savers. Jania is exactly the type of visionary chief we have to carry that mission ahead,” Colangelo stated in an announcement.
“Prime is well-positioned to leverage the convergence of wealth and retirement, with income evenly break up,” stated Fred Barstein, founder and CEO of The Retirement Adviser College and contributor to WealthManagement.com.
