Stratos Appoints Phil Nuttall As COO To Manage Infrastructure And Asset Management Operations
Stratos Wealth Holdings named Phil Nuttall as COO with immediate effect, taking the reins of the firm’s infrastructure and asset management operations and, according to a spokesperson for the firm, leveraging his experience in building systems and tools to help drive growth.
Lou Camacho, who previously was both COO of Stratos Wealth Holdings and President of Stratos Wealth Enterprises, the firm’s acquisition division, will now focus on the strategic expansion of Stratos Wealth Enterprises.
With over a decade of wealth management executive experience, Nuttall most recently served as SVP, Enterprise Alliances at LPL Financial. Prior to that, he was Head of Advice & Financial Planning at Capital One and held various roles at HSBC and Citi.
“As we move into the next phase of growth, we are fortunate to have such an incredibly talented and dedicated team to lead our firm,” said Stratos Wealth Holdings Founder and CEO Jeff Concepcion. “Our entire executive team’s steadfast leadership and vision have allowed us to expand into new market segments. With Phil, we are positioned to build upon our success and take full advantage of our position in the market.”
Nuttall said, “The opportunity to join a growing firm with a talented executive team during a time of industry challenges provided me with the perfect next step in my career. I greatly enjoyed my time with LPL and am excited to continue Stratos’ strong partnership with them in my new role.”
In addition to Stratos Wealth Enterprises, Stratos Wealth Holdings includes Stratos Wealth Partners, Stratos Wealth Advisors and Fundamentum. The combined firms’ network includes over 340 financial advisors and planners in 27 states.
Stratos Wealth Advisors recruited advisor Robert A. Hamer from Asset Management Group in June. Stratos Private Wealth launched in May via the acquisition of BWM Financial with BWM’s Founder and CEO, Jeff Brown, named as President of Stratos Private Wealth.
James Miller, Contributing Editor and Research Analyst at Wealth Solutions Report, can be reached at ContributingEd@wealthsolutionsreport.com.
