Concurrent continues to hit growth goals with three new advisors

With the addition of recruits from Wells Fargo and Raymond James, the hybrid has topped its initial 2024 target of $17B in assets under advisement.

Tampa, Florida-based hybrid Concurrent is maintaining a strong growth pace and has onboarded three new advisors to its platform.

Concurrent Investment Advisors announced its continued success in meeting growth targets by welcoming three new advisors from Wells Fargo and Raymond James at the beginning of 2024.

With the introduction of Ramin Abrams, Glenn Holmes, and Sean O’Neill, the multicustodial hybrid has not only added $365 million in new assets to its $7.5 billion in AUM, but also pushed its assets under advisement beyond its initial goal of $17 billion to start the year.

Abrams and Holmes are joining Concurrent from Wells Fargo to leverage the firm’s multicustodial capabilities, cutting-edge technology, and operational support.

Abrams is establishing a new office under the Concurrent banner as he offers wealth management, financial planning, and multifamily generational planning services in New York.

For his part, Holmes is focusing on the Southeast with his T7 Legacy office in Florida, where he provides strategic financial planning for corporate executives and business owners.

Meanwhile, O’Neill, a 24-year veteran of the industry, is joining from Raymond James Financial Services and will align with Denver-based Legacy Wealth Partners, part of Concurrent’s network.

With an emphasis on pre-retirees, retirees, and their families, O’Neill was drawn to Concurrent’s broader range of investment solutions and the ability to serve clients with a fiduciary focus as he maintains his independence.

“Working closely with our advisors, we are not just building firms, we are equipping them to evolve with the needs of their clients,” Nate Lenz, Concurrent’s CEO and co-founder, said in a statement. “I am proud of our team’s milestones over the last year and will continue to equip independent advisors with the innovative tools that will propel their practices to the next level.”