Stratos Wealth Enterprises, a Beachwood, Ohio-based wealth management firm, has taken a 25% stake in the practice of Marietta, Georgia-based financial adviser Robert Patti, who manages $280 million.
"Stratos' 25 percent minority stake in Rob's firm is the first of its kind in the Greater Atlanta area, and as his equity partner, we look forward to amplifying his strengths as an advisor." Lou Camacho, president of Stratos Wealth Enterprises, said in a statement.
Patti affiliated with Stratos Wealth Partners as an independent adviser in 2013.
Stratos Wealth Partners, a registered investment adviser, manages over $10.3 billion.
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