Concurrent Advisors, a fast-growing independent practice that is currently affiliated with Raymond James Financial, is restructuring as a multicustodial hybrid RIA, the firm said. As part of the move, the firm will end its relationship with Raymond James.
Concurrent was founded in 2016 and has operated as a kind of office of supervisory jurisdiction, or OSJ, which provides advisors with back office and other services. The firm has recruited dozens of breakaway advisors and has grown to $12.7 billion in assets under management, …
