Stratos strengthens Ohio presence with family-owned firm

Led by a veteran with more than three decades of experience, the multigenerational team manages $120M for clients in Cleveland and beyond.

Stratos Wealth Advisors, a division of Stratos Wealth Holdings, has expanded its network with a multigenerational team in its home state of Ohio.

On Tuesday, the RIA announced it has welcomed Pistone Wealth Advisors, a family-owned firm in Pepper Pike.

Managing $120 million in total client assets, the newest addition to the Stratos advisory network is led by Karyn Pistone, president and CEO. Joining Pistone are senior advisor Spencer Dieck, practice manager Linda Tekavec, and advisor David Taucher.

Pistone Wealth Advisors has served the greater Cleveland area and clients nationwide for over 30 years, offering services in financial planning, investment portfolio design, and risk management. The firm is also recognized for its Right Start program, aimed at educating young individuals on budgeting and investing.

“We joined Stratos because we saw a real opportunity for growth,” said Pistone.

A 35-year veteran of the industry, Pistone praised Stratos’s “incredible reputation throughout the Cleveland financial services community,” along with its “strategic investments in people and technology” to help firms within its network flourish.

“We love that we can grow our practice by taking advantage of the innovation, expertise, and solutions Stratos provides, all while remaining independent,” she said.

In addition to their current services, Pistone Wealth Advisors will utilize Stratos Investment Management, formerly known as Fundamentum, to enhance their client offerings.

“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,” said Charles Shapiro, a founding partner and chief development officer at Stratos.

The RIA’s latest move in follows last week’s addition of another Pepper Pike, Ohio-based firm led by a 47-year veteran of the industry. Before that in April, Stratos snagged a $500 million team from RBC.

As of March 31, 2024, Stratos Wealth Advisors reportedly managed over $3.3 billion in advisory assets and more than $279 million in third-party assets.