Merchant Investment Management, a New York-based private equity firm, has taken a minority stake in Concurrent Advisors, a partnership of independent registered representatives affiliated with Raymond James Financial Services Inc. Terms of the investment were not disclosed.
Concurrent, headquartered in San Diego and founded in 2016, supports breakaway brokers by “fostering a collaborative ecosystem that allows its affiliates to maximize the benefits inherent to business ownership,” it said in a release.
The organization currently serves 127 advisers in 55 offices with over $12.2 billion in assets under management and approximately $12 billion under advisement.
Merchant’s investment will make growth capital available to each underlying adviser practice, Concurrent said.
Integrated Partners is adding a mother-son tandem to its network in Missouri as Kestra onboards a father-son advisor duo from UBS.
Futures indicate stocks will build on Tuesday's rally.
Cost of living still tops concerns about negative impacts on personal finances
Financial advisors remain vital allies even as DIY investing grows
A trade deal would mean significant cut in tariffs but 'it wont be zero'.
RIAs face rising regulatory pressure in 2025. Forward-looking firms are responding with embedded technology, not more paperwork.
As inheritances are set to reshape client portfolios and next-gen heirs demand digital-first experiences, firms are retooling their wealth tech stacks and succession models in real time.
