Concurrent Recruits Advisors From Wells Fargo, Raymond James

The New Advisor Recruits Add A Combined $365 Million To Concurrent’s AUM.
Nate Lenz, CEO and Co-Founder, Concurrent Investment Advisors
Our newest Recruiter Of The Month Nate Lenz, CEO and Co-Founder of Concurrent Investment Advisors.

Multi-custodial, hybrid RIA Concurrent Investment Advisors continues to meet its growth projections, the firm said Thursday, while announcing it recruited three new advisors to its platform from Wells Fargo and Raymond James.

Ramin Abrams, Glenn Holmes and Sean O’Neill contribute a combined $365 million in new AUM to Concurrent’s $7.5 billion in AUM, with offices in Colorado, Florida and New York, the firm said.

That has allowed Concurrent to surpass its goal of $17 billion in assets under advisement to start the year, it said. Abrams and Holmes teamed with Concurrent to position their firms for continued growth while taking advantage of the Concurrent platform’s multi-custodial offerings, technology and operational support team.

Both advisors will open new offices, with Holmes’ T7 Legacy focusing on strategic financial planning for corporate executives and business owners in the Southeast.

Abrams, meanwhile, will adopt the Concurrent brand in New York to offer wealth and investment management, financial planning and multi-family generational planning.

In addition to building their flagship businesses under Concurrent’s wing, advisors can also join existing Concurrent partner firms, it said.

O’Neill, for example, joined Legacy Wealth Partners, a Denver-based firm already well established in the Concurrent network. O’Neill’s clients are pre-retirees, retirees and their families.

According to the press release, joining Concurrent will provide O’Neill’s clients with access to improved services with a fiduciary focus. O’Neill was attracted to the ability to maintain his independence after breaking away from Raymond James Financial Services. He was also drawn to Concurrent’s track record of successful transitions, wider array of investment solutions, and a collaborative compliance department that would allow him to expand his marketing initiatives, according to Concurrent.

“We are not just building firms, we are equipping them to evolve with the needs of their clients.”

Nate Lenz

“Working closely with our advisors, we are not just building firms, we are equipping them to evolve with the needs of their clients,” said Concurrent CEO and Co-Founder Nate Lenz.

“Adding Glenn, Ramin, and Sean to our team is a testament to our commitment to elevate the client experience and proactively meet the needs of a new generation of advisors and clients,” he added. “I am proud of our team’s milestones over the last year and will continue to equip independent advisors with the innovative tools that will propel their practices to the next level.”

Headquartered in Tampa, Florida, Concurrent was founded in 2017 by former advisors, business owners and industry leaders to cultivate a national network of independent providers of unbiased, fiduciary advice, according to the firm.

Via a partnership with Merchant, Concurrent offers its advisors strategic resources, full operational support and opportunities to align through shared equity and mutual success, Concurrent said.

Jeff Berman, Contributing Editor & Reporter at Wealth Solutions Report, can be reached at jberman@wealthsolutionsreport.com

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