Multi-custodial hybrid RIA Concurrent Investment Advisors announced it welcomed The Wealth Stewards to its growing network of aligned independent financial advisory firms. Jeff Breese and Brent Mekosh, managing partners of The Wealth Stewards, have merged their two Arizona-based practices to move to the Concurrent platform. And they chose Concurrent to provide operational support and growth capital as their team of nine professionals enters the RIA space.
Breese and Mekosh – longtime friends who previously worked as independent advisors with Raymond James Financial Services – started planning the merger over a year ago. And their objective was to expand services for business-owner clients and increase the team’s depth.
They also collaborated with business consultant Liz Lenz from Lenz Insights, who guided the merger. Following thorough due diligence, Concurrent’s platform was chosen for its capability to handle complex transactions, provide legal and transition support, and help launch The Wealth Stewards’ new digital presence. To establish a major base for the new firm, Breese and Mekosh brought Ryan Reming on board at launch, increasing the firm’s combined assets under management to over $500 million.
The Wealth Stewards, with offices in Phoenix and Chandler, Arizona, will utilize Concurrent’s platform, operational support services, and strategic consulting resources to enhance their business. And its focus is on developing solutions and providing a client experience tailored to the needs of high-net-worth individuals and families. Concurrent’s extensive network offers access to a collaborative peer group that shares resources and best practices, providing a unique advantage for The Wealth Stewards in their expansion efforts.
KEY QUOTES:
“Jeff and Brent are exactly the caliber of advisor we built Concurrent to support. They have taken a major step forward in their professional journey together, and their clients will reap the benefits of their ambition for years to come.”
– Nate Lenz, CEO of Concurrent
“From the outset, Concurrent showed us they understood builders. We build wealth for our clients, but we also want to build our own business as independent entrepreneurs.”
– Brent Mekosh
“Anyone can compete on price, but the true benefit of Concurrent has nothing to do with money. The relationships Concurrent has in place, the range of support services, and their understanding of what we want to accomplish made them the obvious choice for Brent and me.”
– Jeff Breese
“The Wealth Stewards stand out because of the genuine bond between Jeff and Brent and the caliber of service they offer their clients. It has been rewarding to play a part in bringing their businesses together and helping them shape their own vision for the culture and future of their firm.”
– Joe Mooney, Managing Director, Advisor Engagement and Enterprise Development at Concurrent
