Qualified Plan Advisors to Purchase Retirement Practice of First National Bank of Omaha

The acquisition will bolster QPA’s Midwest footprint, further establish national presence

OVERLAND PARK, Kan.--(BUSINESS WIRE)--Qualified Plan Advisors (QPA) is continuing to grow organically and acquisitively in its quest to become the leading platform for retirement plan-focused advisors and the premier service provider for retirement plan sponsors. Headquartered in Kansas, QPA is accelerating its geographic expansion by working with First National Bank of Omaha (FNBO) to acquire the bank’s retirement advisory practice. This transaction is expected to close Dec. 31, 2020 and will be the culmination of a year of strong growth for QPA.

As part of the Prime Capital Investment Advisors (PCIA) family of companies, QPA has experienced tremendous growth by focusing on providing comprehensive, participant-driven strategies that improve outcomes for retirement plan participants and their employers across the United States.

“QPA couldn’t be more enthusiastic about entering into this agreement and forming a strategic relationship with First National Bank of Omaha,” said Matthew Eickman, national retirement practice leader at QPA. “Their reputation as a leader in financial services in the Midwest is unquestioned, and we look forward to serving our mutual clients together.”

Following the transaction, Charles (Chuck) Smith, the current director of Retirement Plan Advisory Services for FNBO, will assume the role of retirement practice leader for the Nebraska market for QPA. Additional FNBO staff will also join QPA to ensure a seamless transition for clients.

“This partnership bolsters QPA’s strong Midwest footprint and demonstrates the firm’s continued commitment to being the best retirement plan advisor in America,” said Glenn Spencer, CEO of PCIA, QPA’s parent company. “QPA has been growing rapidly over the past two years, expanding to 10 new markets and adding over a dozen advisors, hundreds of clients and several billion in assets under management to the firm.”

About Prime Capital Investment Advisors

Prime Capital Investment Advisors provides a client-centric team approach to full-service financial planning, including fee-based asset management and wealth management through its Prime Capital Wealth Management brand. Through its Qualified Plan Advisors brand, the firm also provides retirement plan advisory services, as well as plan participant education. PCIA currently has 26 locations throughout the United States, with investment advisor representatives serving clients across the nation. Advisory services offered through Prime Capital Investment Advisors, LLC. (“PCIA”), a Registered Investment Adviser. PCIA doing business as Qualified Plan Advisors (“QPA”) and Prime Capital Wealth Management (“PCWM”). For more information, visit www.pciawealth.com.

About First National Bank of Omaha (FNBO)

First National Bank of Omaha (FNBO) is a subsidiary of First National of Nebraska. First National of Nebraska and its affiliates have more than $24 billion in assets and nearly 5,000 employee associates. Primary banking offices are located in Nebraska, Colorado, Illinois, Iowa, Kansas, South Dakota and Texas. Learn more at fnbo.com and connect with us on Facebook, Twitter and Instagram.