Concurrent Funding Advisors, a Tampa-based hybrid RIA that was previously an workplace of supervisory jurisdiction beneath Raymond James, has added eight new advisors with a mixed $885 million in property beneath administration. This brings Concurrent’s complete AUM to $9.7 billion.
Advisors Lora Hoff and Carl and Lindsay Lambert, a father-daughter duo, have joined Wealth Companions Alliance, an current Concurrent apply with over $1.5 billion in AUM. Hoff, who was with Funding Planners Inc. for 18 years, will serve her shoppers from WPA’s Dallas workplace. The Lamberts, who got here from RBC, will function out of WPA’s Houston workplace.
Jason Hudson, who spent the final decade at Edward Jones, has arrange his personal model, Hudson Wealth Administration.
4 extra advisors have launched Cover Asset Administration, which is able to function beneath the Concurrent umbrella from its workplace in St. Simons Island, Ga. That features father-and-son advisors Ken and Tye Pipkin, COO Jennifer Fussell and Shopper Relationship Supervisor Kristen Moore. They have been beforehand with Imprint Wealth, a Mount Nice, S.C.-based RIA.
Concurrent was established in 2017 as a know-how and companies platform for unbiased monetary advisors. Its CEO, Nate Lenz, a former vp of succession planning and acquisitions at Raymond James Monetary Companies, co-founded the agency.
Service provider Funding Administration, a New York-based personal partnership that gives development capital and different assist to unbiased monetary companies corporations, took a minority, non-controlling curiosity within the agency in 2021.
Final 12 months, Concurrent efficiently restructured as a multicustodial, hybrid RIA platform after dropping its affiliation with Raymond James. It chosen Constancy as its first custodian, and Practifi, SmartX and BlackDiamond are core elements of its know-how platform. It has maintained a dealer/seller relationship with PKS Investments.
