Dennis Klimes Joins Prime Advisors, Inc. as Senior Vice President

REDMOND, Wash., Jan. 6, 2015 /PRNewswire/ -- PRNewswire/ - Prime Advisors, Inc.®, an investment advisory firm specializing in managing bond portfolios for insurance companies, announced today the hiring of Dennis R. Klimes as Senior Vice President and Director of Sales and Business Development. Dennis comes to Prime with a significant amount of experience in the capital markets industry, most recently, he was a senior fixed income specialist with Morgan Stanley, where he worked for the last 20 years out of their Seattle, Washington office.

Prime's, Chairman and CEO, Donald L. McDonald commented, "I am thrilled that Dennis has decided to join the Prime team. His vast capital markets experience and commitment to building relationships that last for decades will be a valuable resource for our company. Dennis understands the Prime advantage in the asset management market, and he will have an immediate impact helping Prime to expand our sales efforts and marshalling the resources within Prime to develop new opportunities."

Dennis said, "I am excited to join Don and his team at Prime Advisors, Inc. My goal is to utilize this opportunity to leverage my capital markets experience and effectively coordinate the firm's business development efforts. Prime's portfolio management, technical solutions and credit team are highly regarded in the insurance space and I look forward to deepening Prime's market share as well as expanding new client segments."

Dennis Klimes has 32 years of capital markets experience and, as stated previously, he is transitioning from a 20 year career with Morgan Stanley. Dennis brings his extensive experience in fixed income sales and portfolio management to Prime. In addition to sales, his background includes fixed income trading, portfolio management and foreign exchange proprietary trading. Before Morgan Stanley, he held senior positions for both domestic and international money center banks, including JP Morgan International, UBS, and Sanwa Bank.

Don added, "Prime Advisors, Inc. is a well-respected insurance asset manager. Prime has a team of dedicated professionals who have made client service Prime's hallmark. Over the past few years Prime has delivered investment performance and value to its growing client base, increasing assets under management to $12.3 billion (as of 11/30/2014). I am confident that Dennis will make a compelling case to potential clients as to why Prime Advisors, Inc. should be their investment manager of choice."

About Prime Advisors, Inc.

With offices in Redmond, Washington and Windsor, Connecticut, Prime Advisors, Inc. is a federally registered investment advisory firm focused primarily on managing investment grade bond portfolios for the insurance industry. Prime's assets under management were$12.3B as of November 30, 2014. Since 1988, Prime has worked to create integrated investment strategies, linking its clients' financial goals with current capital market opportunities. At Prime we understand that no single approach or one set of guidelines applies to every company. Prime's Disciplined Approach(SM) to the complexities of managing insurance company investment portfolios gives us a unique ability to develop customized solutions that integrate investment strategy with the realities of an insurance company's operations. Additional Information is available at www.primeadvisors.com.

Prime Advisors, Inc.
22635 NE Marketplace Dr., Suite 160
Redmond, WA 98053-5885

and

100 Northfield Dr., 4th Floor
Windsor, CT 06095

Contact:
Donald McDonald, CEO
Phone: [phone]
[e-mail]

® Prime Advisors, Inc. and its logo are registered trademarks, and Prime Disciplined Approach is a service mark of Prime Advisors, Inc. All other names are trademarks of their respective owners.

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SOURCE Prime Advisors, Inc.