Stratos hires experienced wealth management exec as chief operating officer

Stratos hires experienced wealth management exec as chief operating officer
The firm is moving into a new phase of growth and has hired a former LPL, Citi, and Capital One leader.
AUG 30, 2023

Stratos Wealth Holdings has bolstered its senior leadership team with a new chief operating officer.

The family of companies which includes Stratos Wealth Partners, Stratos Wealth Advisors, and Fundamentum, has appointed Phil Nuttall to the COO role, effective immediately. He succeeds Lou Camacho, who will focus on the strategic expansion of Stratos Wealth Enterprises.

Nuttall has a decade of wealth management industry experience and was most recently at LPL Financial as senior vice president, Enterprise Alliances. Previously he headed up the advice and financial planning team at Capital One and has also held leadership roles at HSBC and Citi.

"The opportunity to join a growing firm with a talented executive team during a time of industry challenges provided me with perfect next step in my career,” Nuttall said. “I greatly enjoyed my time with LPL and am excited to continue Stratos' strong partnership with them in my new role."

GROWTH PHASE

Stratos is entering a new phase of growth and founder and CEO Jeff Concepcion said the firm is fortunate to have such a strong leadership team.

“Our entire executive team's steadfast leadership and vision have allowed us to expand into new market segments,” he said. “With Phil, we are positioned to build upon our success and take full advantage of our position in the market."

Latest News

Devoe: Record-breaking RIA M&A run led by private equity's consolidator comeback
Devoe: Record-breaking RIA M&A run led by private equity's consolidator comeback

A drop in interest rates and easier access to capital has reignited appetite among private equity-backed consolidators, who accounted for 53% of RIA deals so far this year- their highest share since 2021 according to Devoe & Company.

Fintech bytes: Advisor360, Nitrogen unveil AI updates for advisor productivity
Fintech bytes: Advisor360, Nitrogen unveil AI updates for advisor productivity

Also, Advisor CRM announces a new data integration partnership to ease the pain of client onboarding.

Bank of America, Morgan Stanley earnings roll despite roiled markets
Bank of America, Morgan Stanley earnings roll despite roiled markets

Meanwhile, Merrill Lynch intends to continue building its alternative investment platform for wealthy clients.

David Fischer of Independent Financial Group talks culture, future growth
David Fischer of Independent Financial Group talks culture, future growth

The co-founder of IFG discussed with InvestmentNews the unique opportunity that remaining independent offers to build a successful firm.

Wealth Consulting Group taps veterans from Envestnet, Emigrant Partners for new advisory board
Wealth Consulting Group taps veterans from Envestnet, Emigrant Partners for new advisory board

Three industry leaders will join the hybrid RIA's president and LPL alum, Andy Kalbaugh, to help guide its organic and merger-based growth strategy.

SPONSORED How advisors can build for high-net-worth complexity

Orion's Tom Wilson on delivering coordinated, high-touch service in a world where returns alone no longer set you apart.

SPONSORED RILAs bring stability, growth during volatile markets

Barely a decade old, registered index-linked annuities have quickly surged in popularity, thanks to their unique blend of protection and growth potential—an appealing option for investors looking to chart a steadier course through today's choppy market waters, says Myles Lambert, Brighthouse Financial.