Concurrent Investment Advisors added ten advisors across the fourth quarter as the Tampa-based hybrid RIA continued a year of rapid expansion, bringing its total wealth and retirement assets to more than $30 billion. The growth reflects the firm’s ongoing momentum with its independent platform model as it moves toward surpassing $15 billion in assets under management.
The firm reported that seven advisory teams joined its RIA platform in the fourth quarter alone, a contribution that helped lift overall AUM by fifty percent for the year, rising from $10 billion to more than $15 billion. The expansion comes as advisors increasingly seek platforms that allow them to retain their independent brands while gaining access to centralized operational and technology resources.
Founded in 2017 as an affiliated practice of Raymond James, Concurrent later transitioned to a multi-custodial RIA platform following investment from Merchant Investment Management. Earlier this year, CEO and founder Nate Lenz launched RIA Capital Partners, a program that acquires minority stakes in unaffiliated RIAs seeking growth capital. One participating firm reported a nearly 20% increase in AUM within its first six months of investment.
Concurrent added three new advisors directly to its network during the fourth quarter, including Joseph D’Anniballe and Sean Houston of 1858 Wealth Management in Akron, Ohio, and Paul Guerra of Brookshire Wealth Management in Canton, Ohio. The firm also saw seven advisors join existing partner groups, such as Legacy Private Wealth Partners, Sphinx Advisory Group, and Cornerstone Private Wealth.
The company now includes 155 financial advisors and 70 home-office employees supporting operations, investment planning, product development, technology, compliance, and data management. The firm also completed the full acquisition of one of its earliest partner firms, Next Retirement Solutions, a move intended to expand retirement plan services across the network and provide Next’s 150,000 plan participants with access to wealth advisory offerings.
Concurrent continues to compete in an RIA landscape where several large organizations rely on a W-2 employment structure or are expanding centralized divisions and unified branding strategies. Concurrent’s leadership maintains that its independent model remains a differentiator for advisors who want to preserve autonomy while gaining scale.
KEY QUOTES:
“Our goal is to provide advisors with the resources and operational synergies that will help them grow their practice. Our business model aligns our success to theirs, creating a structure where both Concurrent and our advisors thrive together.”
“Our team will continue to lean into strategies that promote talent development and organic growth. We will add capital where it counts, build out capabilities for the next level of growth, and preserve entrepreneurship among advisors.”
Nate Lenz, CEO and Founder, Concurrent
