Stratos Wealth Holdings closes 11 acquisitions in push for advisory scale

Stratos Wealth Holdings has wrapped up the acquisition of 11 advisory practices spanning seven states, adding approximately $4.8 billion in client assets to its network in a move the firm says reflects mounting demand among advisors for a more structured path to growth and long-term continuity.

The Beachwood, Ohio-based firm said the transactions, which were completed as of Dec. 31, 2025, had been underway before SEI made a strategic investment in Stratos. The acquired practices stretch from solo advisors to multi-advisor teams across Ohio, Pennsylvania, California, Arizona, New York, Virginia and Massachusetts:

• Kowal Financial Services of Fairfax, Virginia;
• Jamie Turk Holdings of Beachwood, Ohio;
• Veritas Boston of Rockland, Massachusetts;
• True North Wealth Partners of Dublin, Ohio;
• Spain & Smith Wealth Advisors of Pepper Pike, Ohio;
• Windsor Wealth Management of Gladwyne, Pennsylvania;
• Pistone Wealth Advisors of Pepper Pike, Ohio;
• Marquis Wealth Group of Tucson, Arizona;
• PTM Financial of Chula Vista, California;
• Stratos Private Wealth Westchester of Westchester, New York;
• Stratos Private Wealth San Diego of San Diego, California.

Stratos has framed the deals as part of a broader shift in how advisory firms approach succession. Rather than leaning on traditional transition arrangements, the firm takes equity stakes in partner practices while leaving day-to-day leadership in the hands of the advisors who built them.

"Advisors today are navigating increasing complexity, from evolving client expectations to technology demands and long-term continuity planning," said Jeff Concepcion, founder and CEO of Stratos. "We believe the traditional succession model is evolving, and advisors are increasingly looking for strategic partners that can provide scale, resources, and flexibility without sacrificing leadership of their businesses. SEI's strategic investment has helped accelerate our ability to support advisors while preserving the entrepreneurial culture that defines Stratos."

Lou Camacho, president of Stratos Wealth Enterprises, said the firm's approach is built around keeping advisors in charge while giving them access to a deeper operational bench.

"Our focus is on building long-term alignment with select partner practices and helping them grow within a stronger operational framework," Camacho said. "Through this approach, advisors retain leadership of their firms while gaining access to expanded infrastructure, operational capabilities, and strategic resources designed to support continuity and future enterprise value. Our partnership with SEI has enhanced our ability to continue evolving these capabilities over time."