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Prime Capital Financial Creates Family Office Business Via Acquisition
The acquired organization, with $1.55 billion in assets, was formed in 2019.
Prime Capital Financial, an RIA headquartered in Kansas, has set up a family office business by buying SineCera Capital, a boutique wealth management and family office services firm headquartered in Austin, Texas.
The acquired entity – financial terms weren’t disclosed – concentrates on serving UHNW families.
SineCera was founded in 2019 by Kevin A Kaylakie. It advises clients with $1.55 billion in aggregate assets. It helps clients with areas such as estate planning, investment management, complex reporting, bill payment, and banking management.
“SineCera will be the key to expanding our family office offering,” Glenn Spencer, chief executive officer at Prime Capital Financial, said. “This move is strategically aligned with Prime Capital’s focus on expanding our service offerings to meet the unique needs of each of our client segments.”
Kaylakie will become president of Prime Capital Family Office, as the acquired entity is to be called. He has nearly 20 years of experience in the sector.
Hue Partners acted as the advisor to SineCera Capital for this transaction.
