Concurrent Investment Advisors – a multi-custodial and hybrid registered investment adviser – announced it added six new teams of 17 advisors in the first quarter of 2025. Crownmark Wealth Advisors, Cornerstone Private Wealth, Arky & Miller Financial Group, Center Street Wealth Management, Valenta Capital Management, and Tutelas Financial brought a collective $2.01 billion in assets under management (AUM).
These teams helped Concurrent expand a footprint across six states, joining from independent firms, wirehouses, and broker-dealers. And these teams show how Concurrent’s business model resonates with advisors nationally. Through a multi-custodial structure that recently added Goldman Sachs Custody Solutions (GSCS) – joining Fidelity, Charles Schwab, and Purshe Kaplan Sterling – the firm offers greater flexibility to advisors and investors.
The Crownmark and Cornerstone teams picked Goldman Sachs Custody Solutions as their custodian, making them some of the first teams to join under the expanded custodial line up. And Georgia-based advisors Sean Foote and Stephen Welch of Crownmark (formerly with Morgan Stanley) serve businesses, corporate executives, entrepreneurs, professional athletes and entertainers. Foote and Welch note that Concurrent’s ability to support their institutional consulting and high-net-worth business lines will equip them to offer top-level guidance.
Brett Hina and Daniel Lesneski at Cornerstone joined Concurrent from UBS. Working out of New Jersey, Cornerstone chose GSCS as their custodian to access expanded lending and capital market capabilities.
Coming from independent broker-dealers, the teams at Arky & Miller in North Carolina and Center Street in Tennessee picked Concurrent for its collaborative culture and partnership model. And Center Street landed with Concurrent from Wells Fargo Advisors Financial Network to continue delivering client-first strategies rooted in a highly efficient approach.
The Valenta and Tutelas teams are joining existing Concurrent partner firms. Affiliating with Legacy Private Wealth Partners in Colorado, Valenta will continue operating under its existing brand with a goal to enhance operational efficiency. Similarly, The Tutelas team will join forces with Texas-based firm Wealth Partners Alliance.
KEY QUOTE:
“The continued momentum of teams joining Concurrent reflects how our platform resonates with advisors across business models. Each of these teams has embraced our partnership model, helping us advance our mission of building a platform that is fully independent yet fully aligned. With access to innovative investment solutions, technology, and dedicated home office support, our advisors are empowered to focus on delivering exceptional outcomes for their clients. We’re proud to be the destination of choice for advisors choosing independence.”
Joe Mooney, Managing Director and Head of Business Development at Concurrent
