Stratos Onboards Multi-Generational Firm

Firm Is Stratos’ Second Cleveland-Area Recruit In A Week
Karyn Pistone, President & CEO, Pistone Wealth Advisors
Karyn Pistone, President & CEO, Pistone Wealth Advisors
Janeesa Hollingshead, Contributing Editor, Wealth Solutions Report
Janeesa Hollingshead, Contributing Editor, Wealth Solutions Report

Beachwood, Ohio-based Stratos Wealth Advisors (Stratos), part of Stratos Wealth Holdings, announced the addition of the multi-generational wealth management firm Pistone Wealth Advisors, based in Pepper Pike, Ohio, in the Cleveland area. This is Stratos’ second Pepper Pike recruit in a week, after last week’s recruitment of Spain & Smith.

Led by President and CEO Karyn Pistone, Pistone Wealth Advisors has provided financial advisory and wealth management services for more than 30 years and manages $120 million in client assets. Senior Advisor Spencer Dieck, Practice Manager Linda Tekavec and Advisor David Taucher join in the move.

Pistone’s practice specializes in financial planning, investment portfolio design and risk management. Its Right Start program educates younger generations on budgets and investing to reach their financial goals.

“Stratos has an incredible reputation throughout the Cleveland financial services community, and I’ve always enjoyed collaborating and working with their team,” said Pistone. “Their strategic investments in people and technology have positioned them to enable firms like ours to thrive in the future. We love that we can grow our practice by taking advantage of the innovation, expertise and solutions Stratos provides, all while remaining independent.”

Charles Shapiro, Founding Partner & Chief Development Officer, Stratos Wealth Partners
Charles Shapiro, Founding Partner & Chief Development Officer, Stratos Wealth Partners

Pistone will also engage the services of Stratos Investment Management, formerly Fundamentum.

Charles Shapiro, a Founding Partner and Chief Development Officer of Stratos Wealth Partners, also a part of Stratos Wealth Holdings, said, “We are excited to make the Pistone family part of our family. Karyn and her team have developed a record of dedicated client service and with our combined resources, they are positioned for significant growth in the greater Cleveland area and beyond.”

Stratos Wealth Advisors supports 65 advisors at over 30 locations. As of March 31, it managed over $3.3 billion in advisory assets and over $279 million in third-party managed assets. In April, another Stratos firm, Stratos Private Wealth, expanded its presence into southern New Jersey and Westchester County, New York. In February, Stratos Wealth Partners recruited $700 million Pettinelli Financial Partners.

Janeesa Hollingshead, Contributing Editor at Wealth Solutions Report, can be reached at editor@wealthsolutionsreport.com.

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