Core Insights - Prime Capital Financial is expanding its services by acquiring a Texas-based tax advisory firm to establish a Prime Capital Tax Advisory division, aiming to provide a comprehensive range of client services [1][2] Company Developments - The acquisition will enhance Prime's tax offerings, which previously included only compliance services from certified tax preparers and external partners [2] - The tax advisory firm has approximately 30 employees who will contribute to tax planning, compliance, accounting, and business advisory services [2] - Founders Nick Wanzor and Frank Hartman will become partners at Prime Capital Tax Advisory, with Josh McNamara joining as a managing partner [2] Strategic Goals - Prime Capital's president of wealth management and chief investment officer, Scott Duba, noted that high-net-worth clients have been seeking integrated tax advisory services, which will now be available within the same team [3] - This acquisition is part of Prime Capital's multi-year strategy to develop a "complete wealth management platform," following the earlier launch of Prime Capital Family Office, which was established by acquiring a $1.55 billion family office in Austin, Texas [3] Service Expansion - Over the past year, Prime Capital has broadened its capabilities in various areas, including tax advisory, family office services, alternative investments, insurance solutions, trust and estate services, and retirement plan services [4] - Clients have expressed a desire for more solutions from their financial advisors, indicating a trend towards integrated service offerings [4] Tax Advisory Integration - The integration of tax advisory services is expected to enhance coordination and improve long-term outcomes for clients, as stated by tax advisor Josh McNamara [5] - The deal will also bring in additional partners and tax advisors, Summar Schiller and Spencer Gregg [5] Company Profile - Prime Capital operates 70 offices across the U.S. and manages a total of $30 billion in assets, with $16.5 billion being discretionary and $13.6 billion non-discretionary [6]