Stratos Wealth Enterprises, a Beachwood, Ohio-based wealth management firm, has taken a 25% stake in the practice of Marietta, Georgia-based financial adviser Robert Patti, who manages $280 million.
"Stratos' 25 percent minority stake in Rob's firm is the first of its kind in the Greater Atlanta area, and as his equity partner, we look forward to amplifying his strengths as an advisor." Lou Camacho, president of Stratos Wealth Enterprises, said in a statement.
Patti affiliated with Stratos Wealth Partners as an independent adviser in 2013.
Stratos Wealth Partners, a registered investment adviser, manages over $10.3 billion.
With over 600 clients, the $71 billion RIA acquirer's latest partner marks its second transaction in Oklahoma.
Also, wealth.com enters Commonwealth's tech stack, while Tifin@work deepens an expanded partnership.
Back office workers and support staff are particularly vulnerable when big broker-dealers lay off staff.
The fintech giant is doubling down on its strategy to reach independent advisors through a newly created leadership role.
The two firms are strengthening their presence in California with advisor teams from RBC and Silicon Valley Bank.
How intelliflo aims to solve advisors' top tech headaches—without sacrificing the personal touch clients crave
From direct lending to asset-based finance to commercial real estate debt.
