Concurrent to Leave Raymond James, Restructure as a $13B RIA

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, …

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Advisory Services offered through Concurrent Investment Advisors, LLC an SEC Registered Investment Advisor. Brokerage services offered through Purshe Kaplan Sterling Investments (PKS), Member FINRA/SIPC Headquartered at 80 State Street, Albany, NY 12207. PKS and Concurrent Investment Advisors, LLC are not affiliated companies.

Fidelity Investments and Fidelity Institutional® (together “Fidelity”) is an independent company unaffiliated with Concurrent Investment Advisors LLC (“Concurrent”). Fidelity is a service provider to Concurrent. There is no form of legal partnership, agency affiliation, or similar relationship between Concurrent and Fidelity, nor is such a relationship created or implied by the information herein. Fidelity Institutional® provides clearing, custody, or other brokerage services through National Financial Services LLC or Fidelity Brokerage Services LLC, Members NYSE, SIPC 1077692.1.0