Stratos Wealth Holdings announced it has completed the acquisition of 11 partner advisory practices representing approximately $4.8 billion in total client assets as of December 31, 2025. The transactions were underway prior to SEI making a strategic investment in the business and reflect Stratos’ broader strategy of investing in advisory firms to support growth, enterprise value creation, and succession planning.
The acquisitions span a range of advisory firm structures, from sole practitioners to multi-advisor teams, as Stratos responds to increasing demand for scalable growth and transition solutions within the wealth management industry. The company said advisors are seeking alternatives to traditional succession planning models that allow them to retain operational leadership while gaining access to expanded infrastructure, resources, and long-term strategic support.
The newly acquired partner practices include:
- Kowal Financial Services, Fairfax, Virginia
- Jamie Turk Holdings, Beachwood, Ohio
- Veritas Boston, Rockland, Massachusetts
- True North Wealth Partners, Dublin, Ohio
- Spain & Smith Wealth Advisors, Pepper Pike, Ohio
- Windsor Wealth Management, Gladwyne, Pennsylvania
- Pistone Wealth Advisors, Pepper Pike, Ohio
- Marquis Wealth Group, Tucson, Arizona
- PTM Financial, Chula Vista, California
- Stratos Private Wealth Westchester, Westchester, New York
- Stratos Private Wealth San Diego, San Diego, California
According to the company, the partnership structure is designed to help advisory firms scale operations, strengthen continuity planning, and improve long-term enterprise value while maintaining advisor independence and leadership within their practices.
As part of the transaction structure, SEI now owns a 57.5% majority stake in Stratos following the completion of the first stage of its strategic investment.
Stratos said the partnership with SEI has expanded its ability to provide advisors with additional operational capabilities, technology resources, and support across custody, asset management, and enterprise operations.
KEY QUOTES:
“Advisors today are navigating increasing complexity, from evolving client expectations to technology demands and long-term continuity planning. We believe the traditional succession model is evolving, and advisors are increasingly looking for strategic partners that can provide scale, resources, and flexibility without sacrificing leadership of their businesses. SEI’s strategic investment has helped accelerate our ability to support advisors while preserving the entrepreneurial culture that defines Stratos.”
Jeff Concepcion, Founder and CEO, Stratos Wealth Holdings
“Our focus is on building long-term alignment with select partner practices and helping them grow within a stronger operational framework. Through this approach, advisors retain leadership of their firms while gaining access to expanded infrastructure, operational capabilities, and strategic resources designed to support continuity and future enterprise value. Our partnership with SEI has enhanced our ability to continue evolving these capabilities over time.”
Lou Camacho, President, Stratos Wealth Enterprises
