Concurrent adds $425 million Houston team as breakaway wave continues

Concurrent Investment Advisors has added another Raymond James team to its roster, expanding its presence in the Lone Star State.

The Tampa-based registered investment adviser platform said Sunday it has recruited Winstone Wealth Partners, a Houston practice managing more than $425 million in client assets, extending a recruiting run that has defined its year.

Winstone's founder and chief executive, Jeff Green, moved to Concurrent from Raymond James Financial Services along with partner Lauren Smith and advisors John Grover, Robert Burks and Dylan Daggett.

The addition pushes Concurrent's total assets under management past $23 billion, according to the company.

A pattern of Raymond James exits

Winstone is the latest in a string of teams that have left Raymond James for Concurrent's platform this year. In May, a four-advisor group managing $1.2 billion left Raymond James & Associates to launch TAVO Wealth, a new RIA in which Concurrent took a minority stake.

This past summer, Concurrent picked up Potomac Financial Group, a $750 million practice from Raymond James that marked Concurrent's entry into Maryland. In August, two more former Raymond James executives launched Proxima Wealth Partners on Concurrent's platform.

Concurrent chief executive Nate Lenz, who also spent years inside the Raymond James system, framed the Winstone deal in terms consistent with that broader push.

"Welcoming this firm is a continued reflection of our team's commitment to building a platform where advisor entrepreneurs can scale on their own terms and keep their client relationships at the center of the business," Lenz said.

Why Houston, why now

Green said the move was about infrastructure rather than a change in client-facing strategy.

"Our goal is to provide an experience our clients feel confident about. With Concurrent, we have the technology, integrated planning tools, and operational efficiency necessary to continue putting our clients first," he said. "From day one, it was evident that Concurrent would empower us to build the independent firm we envision for our team and for the families we serve."

Joe Mooney, Concurrent's managing director and head of business development, pointed to the firm's advisor-support model as the draw.

"The investments we are making in advisor support and the platform overall, continue to stand out to advisors and teams seeking independence," Mooney said. "We work to understand what matters most to the advisors and the businesses they have built, which in-turn means providing support that is practical, responsive and aligned with each team's goals, from onboarding through the next stage of growth."

Concurrent, the firm reached $21 billion in total assets under management and welcomed 25 advisors to the platform in the first half of 2026 alone, a period during which it also expanded its home office staff and added capacity across onboarding, compliance, investment solutions and technology.

Backed by Merchant Investment Management, Concurrent has built its growth strategy around a mix of minority investments, capital support and multicustodial access – including relationships with Charles Schwab, Fidelity Clearing and Custody Solutions and Goldman Sachs.

"Our role is to bring capabilities and strategic support to the table that strengthen firms like Winstone, without diminishing what makes them distinct," Lenz said.