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 consulting business and financial wellness company.
This follows the RIA’s rebranding in July from Prime Capital Investment Advisors to Prime Capital Financial to reflect the 25 acquisitions the firm has completed over the last seven years. At that time, it also rebranded Qualified Plan Advisors, now Prime Capital Retirement, 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 out an incredible team in its retirement practice,” Stout said in a statement. “We have the skills and support we need to guide plan participants toward the lives they want to live and share our initiatives and solutions on a national stage.”
Stout joined OneDigital in 2021 when the firm acquired the assets of Fiduciary Plan Advisors, which 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’ll 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 precisely the kind of visionary leader we need to carry that mission forward,” Colangelo said in a statement.
“Prime is well-positioned to leverage the convergence of wealth and retirement, with revenue evenly split,” said Fred Barstein, founder and CEO of The Retirement Adviser University and contributor to WealthManagement.com.
