Stratos Wealth Partners (a part of Stratos Wealth Holdings) announced it has successfully recruited Pettinelli Financial Partners of Redwood City, California, with $700 million in total client assets. And founder and Firm Ambassador Dennis Pettinelli, President Jon Pettinelli and their team of 20, which includes advisors and support members, will join Stratos. The firm was formerly affiliated with Osaic’s Royal Alliance.
Dennis launched Pettinelli Financial Partners following a long career recruiting, training and developing financial professionals for John Hancock. And Jon joined the firm in 2001, becoming the Director of Operations in 2005 and then President in 2020. Stratos will help complete Pettinelli Financial Partners transition its leadership from Dennis to a management team led by Jon.
Pettinelli Financial Partners will also engage the services of Stratos Investment Management (formerly Fundamentum), a portfolio management and Registered Investment Advisor that is part of the Stratos Wealth Holdings family of companies.
KEY QUOTES:
“Dennis, Jon and their team have built an incredible business helping multi-generational clients achieve financial goals and preserve wealth for future generations. We look forward to supporting their needs in practice management, recruiting and investment management strategies.”
– Charles Shapiro, a Stratos founding partner
“We chose Stratos Wealth Partners because we wanted a hybrid firm with multiple custodians that could help us create efficiencies and scale to enable our continued growth. Stratos also offers advisor support and portfolio management solutions to deepen our client relationships.”
– Jon Pettinelli
“Stratos’ extensive experience driving growth in firms like ours will help guide our new leadership after our transition. But more importantly, the team at Stratos aligns with our core values and mission of delivering best-in-class results for our clients.”
– Dennis Pettinelli
