Team That Oversaw $1.2B At Raymond James Launches Independent Firm With Concurrent

A team of Raymond James advisors that oversaw $1.2 billion in client assets has left the firm and its employee channel to launch an independent practice with Concurrent Investment Advisors in Houston. 

David Ahlquist, John O’Shea, Nick Troiano and Steve VanNostrand launched TAVO Wealth, which “serves families across the country with sophisticated, customized financial and legacy planning,” according to a news release. The team has chosen Fidelity Institutional Wealth Management Services as its custodian.

The advisors and partners, except for O’Shea, who started his career with Raymond James in 2022, have nearly two decades or more in the industry at previous firms, according to BrokerCheck. They had been with Raymond James between four and seven years, and before that, with TIAA-CREF Individual & Institutional Services.  

The partnership with Concurrent avails the team of “access to institutional-caliber resources across operations, technology, compliance, and investment solutions, while retaining ownership and flexibility in how they grow,” the release noted.

“The single most important factor for us has always been alignment of values. I believe that when firms prioritize a healthy, genuine internal culture, clients reap the benefits. We found that alignment with Concurrent,” Ahlquist said in a statement. “Combined with the resources and partnership structure they provide, this positions us to deliver an even stronger experience for our clients.”

Troiano added that having Concurrent as a platform and capital partner positions the team to “deliver thoughtful, highly personalized financial solutions to each family we serve.”

The partnership has boosted Tampa, Fla.-based Concurrent’s AUM to more than $20 billion, the release said, noting that, since the beginning of 2026, “the firm has added more than $3 billion in AUM through partnerships with 24 independent advisors who have either launched their own firms, joined existing teams within the Concurrent network, or transitioned their practices while preserving brand identity.”

Joe Mooney, managing director and head of business development at Concurrent, said the partnership with TAVO, “is a clear example of what we’re building at Concurrent, bringing together platform and partnership to help exceptional teams take control of their future.”

He added, “This is not just about a transition, it’s about creating a long-term alignment that supports growth, ownership, and independence.”