Concurrent Investment Advisors, a Tampa-based hybrid RIA that was formerly an office of supervisory jurisdiction under Raymond James, has added eight new advisors with a total of $885 million in assets under management. This brings Concurrent's total AUM to $9.7 billion.
Advisors Lora Hoff and Carl and Lindsay Lambert, a father-daughter duo, have joined Wealth Partners Alliance, an existing concurrent practice with over $1.5 billion in AUM. Hoff, who was with Investment Planners Inc. for 18 years, will serve her clients from WPA's Dallas office. The Lamberts, who came from RBC, will operate out of WPA's Houston office.
Jason Hudson, who spent the last decade at Edward Jones, has created his own brand, Hudson Wealth Management.
Four other advisers have launched Canopy Asset Management, which will operate under the same umbrella from its office on the island of St. Simons, Ga. This includes father and son advisors Ken and Tye Pipkin, COO Jennifer Fussell and Client Relationship Manager Kristen Moore. They were previously with Imprint Wealth, a Mount Pleasant, SC-based RIA.
Concurrent was founded in 2017 as a technology and services platform for independent financial advisors. Its CEO, Nate Lenz, a former vice president of estate planning and acquisitions at Raymond James Financial Services, co-founded the firm.
Commercial Investment Management, based in New York private partnership providing growth capital and other support for independent financial services firms, took a minoritynon-controlling interest in the firm in 2021.
Last year, simultaneously successfully restructured as a multi-custodian, hybrid RIA platform after shedding ties to Raymond James. It chose Fidelity as its first custodian, and Practifi, SmartX and BlackDiamond are core components of its technology platform. It has maintained a broker/dealer relationship with PKS Investments.