Concurrent Investment Advisors is sharpening its focus on the retirement planning space with its latest veteran appointment.
On Thursday, the Florida-based hybrid RIA revealed it has hired David Montgomery as managing director of its retirement plan services division, aligning with its long-term plans to expand its support for advisors focused on retirement plans and improve value for both advisors and their clients.
In his new role, Montgomery will oversee the firm’s efforts to refine its retirement offerings, enhance processes, and guide growth strategies in the retirement planning sector.
“Our dedicated retirement division further advances Concurrent’s support of advisors, unifying all our offerings in a thoughtful manner for the benefit of the advisors and their clients,” Eddy Augsten, managing director of investments at Concurrent, said in a statement Thursday. “David's expansive expertise in outsourced investments will be key to fulfilling our goal of offering advisors intentional support to grow their practices and strengthen their client relationships.”
Montgomery brings nearly 20 years of experience in retirement planning advisory services, including a 10-year BrokerCheck record that features stints at LPL and T. Rowe Price. His career also includes co-founding a boutique fiduciary firm and most recently serving as director of retirement investment services at OneDigital, where he played a central role in advisor-centric investment solutions and mergers and acquisitions strategies.
“At Concurrent, we are continuously seeking ways to broaden our reach, bringing sound advice to individuals and institutions. David’s career exemplifies that same dedication,” said Nate Lenz, CEO and co-founder of Concurrent.
Under Montgomery’s leadership, Concurrent aims to integrate services such as Centralized Wealth Advisory Solutions and expand Concurrent Asset Management offerings to serve participants across various wealth segments. Advisors and clients will also benefit from the firm’s newly forged partnership with the Tifin @Work platform, designed to strengthen its retirement plan business.
The firm's moves also speak to a years-long industry trend of convergence in retirement and wealth management, which could benefit RIAs who position themselves well.
“I’m honored to join Concurrent and build a retirement platform that empowers advisors to focus on making a meaningful and lasting impact for their clients,” Montgomery said. “By providing the tools and resources advisors need to reduce daily obstacles, we can enhance outcomes for plan sponsors, participants, and their families, creating a ripple effect of financial wellness that spans generations.”
Financial planning leaders say unresolved rules on fees, Roth conversions and financial aid complicate comparisons with 529 plans.
AI can personalize at scale, but without trust, it falls flat.
Teams head for W-2 independence models with practices totaling almost $1B.
Acquisition adds 400 defined benefit plans and 1.5 million participants, pushing Empower deeper into workplace benefits.
Menlo Park firm brings $900m in AUM and specialist expertise serving Apple and Google employees.
Dan Biagini of American Equity says the steady decline of pensions, longer lifespans and a reset in interest rates are rewriting how advisors build retirement income
Direct indexing is on pace to outgrow ETFs and mutual funds. Northern Trust's Ken Lassner explains why the advisors who get it wish they had started sooner.
