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

Maryland bars advisor over charging excessive fees to clients
Maryland bars advisor over charging excessive fees to clients

Blue Anchor Capital Management and Pickett also purchased “highly aggressive and volatile” securities, according to the order.

Wave of SEC appointments signals regulatory shift with implications for financial advisors
Wave of SEC appointments signals regulatory shift with implications for financial advisors

Reshuffle provides strong indication of where the regulator's priorities now lie.

US insurers want to take a larger slice of the retirement market through the RIA channel
US insurers want to take a larger slice of the retirement market through the RIA channel

Goldman Sachs Asset Management report reveals sharpened focus on annuities.

Why DA Davidson's wealth vice chairman still follows his dad's investment advice
Why DA Davidson's wealth vice chairman still follows his dad's investment advice

Ahead of Father's Day, InvestmentNews speaks with Andrew Crowell.

401(k) participants seek advice, but few turn to financial advisors
401(k) participants seek advice, but few turn to financial advisors

Cerulli research finds nearly two-thirds of active retirement plan participants are unadvised, opening a potential engagement opportunity.

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.

SPONSORED Beyond the dashboard: Making wealth tech human

How intelliflo aims to solve advisors' top tech headaches—without sacrificing the personal touch clients crave