by Alex Ortolani, Senior Reporter, WealthManagement.com
December 10, 2025
Concurrent tops asset gathering record in 2025, with a total of $30 billion across wealth and retirement, as it advocates for independent platform model.
Concurrent Investment Advisors, a Tampa, Fla.-based hybrid registered investment advisor, added seven advisory teams to its RIA platform in the fourth quarter, boosting its total client assets under management and advisement to over $30 billion.
The recruiting push in the fourth quarter will close out a year in which the platform provider has grown by 50% in terms of AUM, going from $10 billion to over $15 billion.
Concurrent’s recent growth backs the firm’s thesis that advisors want to join a platform while keeping their independent, 1099 status and individual brand names under a larger umbrella. Concurrent was founded in 2017 as an affiliated practice of Raymond James, but it then transitioned to a multi-custodial RIA platform after securing backing from Merchant Investment Management. This year, CEO and founder Nate Lenz also announced the firm had started a program called RIA Capital Partners to purchase minority investment stakes from unaffiliated RIAs seeking capital for growth.
In the fourth quarter, Concurrent added three advisors to its network: Joseph D’Anniballe and Sean Houston from Akron, Ohio-based 1858 Wealth Management; and Paul Guerra of Canton, Ohio-based Brookshire Wealth Management.
Another seven advisors joined existing Concurrent partner firms. Legacy Private Wealth Partners brought on Jonathan Neher and his team from Avenues to Wealth, along with Mark Culver, Trent Culver, Gabriel Veve and Dimitris Magemeneas. James Lee of Lee Wealth Management joined Sphinx Advisory Group, and Tim Seeger joined Cornerstone Private Wealth.
In total, Concurrent now has 155 financial advisors and 70 employees in the home office, working on operations, investment planning, product development, technology, compliance and data management.
“Our goal is to provide advisors with the resources and operational synergies that will help them grow their practice,” CEO Lenz said in a statement. “Our business model aligns our success to theirs, creating a structure where both Concurrent and our advisors thrive together.”
Earlier this year, Concurrent fully acquired one of its first partner firms, Next Retirement Solutions, in a move that Lenz said was intended to both offer employer-sponsored retirement plan options across the network and provide Next’s roughly 150,000 plan participants with access to Concurrent’s wealth services.
RIA Capital Partners, for its part, has invested in four partnerships, with one of the firms seeing a near 20% increase in AUM in its first six months of investment, according to Concurrent.
“Our team will continue to lean into strategies that promote talent development and organic growth,” said Lenz. “We will add capital where it counts, build out capabilities for the next level of growth, and preserve entrepreneurship among advisors.”
Concurrent is competing in an RIA space where many of the largest firms operate with a W-2 employee model, such as Creative Planning and Mariner, or are making moves to bolster W-2 divisions and bring firms closer together under one name brand, including legacy aggregator RIAs Hightower and Focus Financial.
