Prime Capital Financial, an Overland Park, Kan.-based RIA with more than $24 billion in assets under management, has hired Jania Stout, a former senior vice president of retirement and wealth at Atlanta-based OneDigital , as president of its retirement plan advisory. business and financial well-being company.
This follows Rebranding of RIA in July from Prime Capital Investment Advisors to Prime Capital Financial to reflect the 25 acquisitions the firm has completed over the past seven years. At that time, it also renamed Qualified Plan Advisors, now Prime Capital Annuity, and Financial Fitness for Life, now Prime Capital Wellness, the two businesses Stout will lead.
“Prime Capital Financial understands what is at stake for retirees and has built an exceptional team in its retirement practice,” Stout said in a statement. “We have the skills and support we need to guide plan participants to the lives they want to live and to share our initiatives and solutions on a national stage.”
Stout joined OneDigital in 2021 when the firm purchased the assets of Fiduciary Plan Advisorswhich she founded in 2014. It had grown to $6 billion in assets held by over 200,000 American workers. She began her career at other plan providers, including ADP and Fidelity.
She also served as president of the National Association of Plan Advisors between 2018 and 2020. In 2017, she testified before Congress and worked with the Department of Labor on fiduciary regulations.
In the new role, she will work closely with Scott Colangelo, founder of Prime Capital Retirement.
“Twenty years ago, I founded the retirement practice to bridge the gaps in education and resources for retirement savers. Jania is exactly the type of visionary leader we need to advance this mission,” Colangelo said in a statement.
“Prime is well-positioned to capitalize on the convergence of wealth and retirement, with equally distributed income,” said Fred Barstein, founder and CEO of The Retirement Adviser University and contributor to WealthManagement.com.