Stratos Wealth Advisors, the fee-only registered investment advisor owned by Stratos Wealth Holdings, has added a second team of advisors in Pepper Pike, Ohio, in as many weeks. This time, Pistone Wealth Advisors, led by President and CEO Karyn Pistone, is joining Stratos, bringing $120 million in client assets from Beacon Financial Advisory.
Pistone is joined by Senior Counsel Spencer Dieck, Practice Manager Linda Tekavec and Counsel David Taucher. The team is located on Pepper Pike, just minutes from Stratos' Beachwood, Ohio headquarters. They will use Stratos Investment Management, an RIA and portfolio management subsidiary under the umbrella of Stratos Wealth Holdings, for portfolio management.
“We joined Stratos because we saw a real opportunity for growth,” Pistone said in a statement. “Stratos has an outstanding reputation throughout Cleveland's financial services community, and I have always enjoyed collaborating and working with their team. Their strategic investments in people and technology have positioned them to enable firms like ours to thrive in the future.”
Pistone and her team have served the Cleveland area for over 30 years. The firm created Right Start, a financial planning tool for young professionals.
This follows last week's news that Stratos brought to Spain & Smith Wealth Advisorsan advisor duo also at Pepper Pike, which manages more than $100 million in assets.
Stratos Wealth Advisors has grown to over $3.3 billion in advisory assets across 65 advisors. The firm has 82 home office staff and more than 30 locations throughout the United States.
Stratos Wealth Holdings consists of a handful of RIAs and a limited-purpose broker/dealer that reported overseeing nearly $23 billion in collective assets as of March 2023. Stratos Wealth Advisors is the firm's pure RIA, while Stratos Wealth Partners is its hybrid with a RIAPLili Financial link. The company is minority-owned by Emigrant Partners, which puts total assets under advisement and management at more than $100 billion on its website.