Press Release

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

Issued by Qualified Plan Advisors [QPA]

Dec. 3, 2020

OVERLAND PARK, Kan. -- 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.”

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