Concurrent Investment Advisors is welcoming four industry veterans to its roster of leadership as it looks to amplify its focus on growth and succession.
Since it launched as an RIA last May, the firm has followed a solid trajectory of expansion that’s seen it gather $2 billion in new assets.
In its latest announcement, the firm highlighted how its investment in growth leaders shows its emphasis on creating professional growth and succession opportunities, as well as supporting services to ensure it remains relevant and dynamic.
"We’re not immune to the demographic issues our industry faces," Nate Lenz, CEO of Concurrent said in a statement. "We’re investing in the next generation now, so our advisors can sustain their business 15 or 20 years from now."
The topic of succession is one that’s certainly near and dear to the industry. As more and more advisors age out of the business, building a pipeline of young talent to replenish the pool of potential successors has become an imperative issue for firms to address.
Bo Ellison, the hybrid RIA’s newly appointed chief financial officer, will focus on enhancing the firm’s long-term financial sustainability. He brings a wealth of experience from his previous role as divisional controller, retirement services at Creative Planning and over five years as an audit professional at EY.
Joe Mooney boasts over 20 years of experience in business development, including a stint managing Fidelity’s East Coast custody sales team. Stepping in as managing director, advisor engagement and enterprise development at Concurrent, Mooney will lead efforts to boost advisor recruitment and engagement.
Meanwhile, Kerry McDermott is taking on the role of VP, program development, strategy, & growth. Her expertise from leading strategic referral programs at Wealth Enhancement Group is set to advance Concurrent’s organic growth initiatives, particularly in its corporate solutions program.
Finally, Matthew Unger has been appointed VP, head of centralized wealth advisory services, and is in charge of nurturing the next generation of financial professionals within the firm.
"These appointments are an investment in tomorrow, both for the clients we serve and the advisors we support," said Casey Bates, managing director of strategy and growth at Concurrent.
From outstanding individuals to innovative organizations, find out who made the final shortlist for top honors at the IN awards, now in its second year.
Cresset's Susie Cranston is expecting an economic recession, but says her $65 billion RIA sees "great opportunity" to keep investing in a down market.
“There’s a big pull to alternative investments right now because of volatility of the stock market,” Kevin Gannon, CEO of Robert A. Stanger & Co., said.
Sellers shift focus: It's not about succession anymore.
Platform being adopted by independent-minded advisors who see insurance as a core pillar of their business.
RIAs face rising regulatory pressure in 2025. Forward-looking firms are responding with embedded technology, not more paperwork.
As inheritances are set to reshape client portfolios and next-gen heirs demand digital-first experiences, firms are retooling their wealth tech stacks and succession models in real time.
