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 before SEI made its strategic investment in the business and reflect Stratos’ strategy of investing in partner advisory firms to support growth, improve enterprise value, and create long-term succession pathways.
According to the company, the acquisitions address increasing demand from advisory practices seeking more scalable and structured long-term growth and transition solutions. Instead of relying solely on traditional succession models, Stratos said it works with advisors through aligned investments that provide operational support and broader resources while allowing advisors to continue leading their firms independently within a strategic partnership framework.
The acquired partner practices include a mix of sole practitioners and multi-advisor teams across multiple states. Stratos said each partnership was structured around shared growth objectives, operational scalability, and long-term planning initiatives.
The participating practices include Kowal Financial Services in Fairfax, Virginia; Jamie Turk Holdings in Beachwood, Ohio; Veritas Boston in Rockland, Massachusetts; True North Wealth Partners in Dublin, Ohio; Spain & Smith Wealth Advisors in Pepper Pike, Ohio; Windsor Wealth Management in Gladwyne, Pennsylvania; Pistone Wealth Advisors in Pepper Pike, Ohio; Marquis Wealth Group in Tucson, Arizona; PTM Financial in Chula Vista, California; Stratos Private Wealth Westchester in Westchester, New York; and Stratos Private Wealth San Diego in San Diego, California.
Stratos also noted that, following the completion of the first stage of its strategic investment, SEI now owns a 57.5% majority stake in the company.
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
“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
