Concurrent Investment Advisors announced a partnership with Potomac Financial Group, supporting the Maryland-based practice’s transition to independence. Potomac brings seven advisors and more than $750 million in client assets to Concurrent’s platform.
Potomac Financial Group is led by Managing Partner Todd Wike and has served clients for more than 40 years. The firm provides personalized financial services with a focus on retirement planning.
Wike is joined by advisors Lanta Evans, Kevin Pinto, Deborah Kelly, Brian Krawiec, Bradley Schell, and Gregory Wilkinson. The team also includes seasoned support staff.
Potomac was previously affiliated with Raymond James Financial Services. Before selecting Concurrent, the team evaluated multiple paths to independence and chose Concurrent for its technology ecosystem, operational support, and practice management resources.
Concurrent is a multi-custodial, hybrid registered investment adviser platform. The firm supports independent-minded financial professionals through capital, consulting services, compliance support, investment platform access, retirement solutions, and AI-driven technology.
Through Concurrent’s platform and custodial relationship with Fidelity Institutional Wealth Management Services, Potomac will gain resources to support organic growth while preserving its independent identity. Concurrent’s model enables advisors to access its capabilities while maintaining ownership of their businesses.
Concurrent said its consultative process begins before firms officially join the platform. The goal is to help advisory teams evaluate growth strategy, business infrastructure, and long-term sustainability before and during their transition.
The partnership also reflects Concurrent’s strategic minority investment model. This structure is designed to provide advisor entrepreneurs with infrastructure and capital while allowing them to continue building their businesses on their own terms.
Concurrent is headquartered in Tampa, Florida, and is backed by Merchant Investment Management. The firm’s model is centered on independence, collaboration, and client-first service.
KEY QUOTES:
“The best way we can serve our clients is by maximizing the time we spend with them. Concurrent’s platform gives us the operational support and resources to help us spend less time managing the business and more time guiding our clients through retirement with confidence.”
Todd Wike, Managing Partner at Potomac Financial Group
“The most successful transitions begin long before advisors change platforms. Our consultative process begins before a firm ever joins Concurrent, helping leadership evaluate growth strategy, business infrastructure and long-term sustainability. With Potomac, the goal isn’t simply to complete a transition. It was to help build a stronger enterprise, one designed to support a multigenerational advisor team, enhance the client experience and create enduring value for the business well into the future.”
Liz Lenz, Managing Director of Practice Synergies and Enterprise Consulting at Concurrent
“Potomac represents exactly the type of entrepreneurial, client-first firm we built Concurrent to support. We are proud that Todd and the entire Potomac team are building a durable wealth management firm while preserving the independence that matters to them and their clients. We’re excited to provide the infrastructure, strategic partnership and capital to help them continue growing their business on their own terms.”
Joe Mooney, Managing Director and Head of Business Development at Concurrent
