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Stock impact report

$10B Bank Team Advisors Break Out to Form RIA Prairie View [Yahoo! Finance]

First National Corporation (FXNC) 
NASDAQ:AMEX Investor Relations: ir.fbvirginia.com
Company Research Source: Yahoo! Finance
Three lead advisors from a $10 billion bank wealth team have broken away to form a fee-only registered investment advisor, Prairie View Wealth Partners, in Sioux Falls, S.D., with Raymond James as its custodian. Co-founders Adam Cox, Kyle Cipperley and Paula Bindert previously held senior roles at The First National Bank in Sioux Falls. They have backgrounds in wealth management, investment strategy, family office advising and tax planning , which they'll use to seek out individual and family clients.  Cox, who had been chief wealth management officer at First National, said the chance to own and run their own practice, along with the flexibility of decision-making for clients, eventually made the move a “no-brainer.” “We'd been looking out at the wealth management space and seeing how much innovation and capital are going toward the independent space,” he said. “At this stage of our careers, we liked the prospect of owning our business and having total control and autonomy ove Show less Read more
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