Investment advisory firm expands Springfield presence

Terry Conner expects to continue overseeing some $200 million in investments.

Overland Park, Kansas-based Prime Capital Investment Advisors LLC boosted its Springfield presence.

Local financial adviser Terry Conner’s office recently became Prime Capital Investment Advisors of Springfield, after previously working under the Edelman Financial Engines name for nearly three years and The Mutual Fund Store for around 16 years before that. Conner’s office, at 1835 E. Republic Road, Ste. 201, now does business as PCIA Springfield after the June change, he said.

Through the change, Conner said his office is now an independent financial advisory with back-office support from Prime Capital. He said Prime Capital receives an undisclosed fee for its services.

“I felt like I could serve my clients better,” he said. “There were some philosophical differences from a financial planning professional standpoint that I had with Edelman Financial, and by making the switch to become independent, I’m able to obtain what I believe are the professional standards for my clients.”

While working under the Edelman name, Conner said his firm oversaw roughly $200 million in investments, including 401(k) plans for Springfield Business Journal and other undisclosed clients. He expects that figure to land around the same at PCIA.

“It’s going to be in that neighborhood,” he said. “Not every single client will move.”

Prime Capital separately has its own operations in Springfield led by Lisa Jones. PCIAWealth.com lists Conner’s and Jones’ offices as its two Springfield advisement locations. It also has offices in 12 other states.

Conner said Edelman Financial Engines continues to hold the lease on the bottom floor of the building he owns on Republic Road, where PCIA Springfield now operates. He said the office has closed, but he was unsure about Edelman’s future plans for the Springfield market. EdelmanFinancialEngines.com continues to list the Springfield office at 1835 E. Republic Road, Ste. 104.