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.
New Allspring research finds 401(k) participants want guidance on income and rollovers, not just portfolio automation.
Aging homeowners hold record housing wealth - but most advisors still aren't bringing it into retirement plans
$1.7M invested from an inheritance. Then the phone went dead.
The pre-IPO platform sold $430M in units while allegedly rigging prices behind the scenes.
A Nationwide survey finds 47% of GLP-1 users have never discussed the drugs’ financial impact with an advisor, even as many dip into savings.
Knighthead Life entered the market with a competitive MYGA. A strong launch earned advisor confidence and paved the way for FIAs.
As AI makes financial information more accessible than ever, Lana Hock explains why human judgment, trust, and empathy remain the qualities clients value most in a financial advisor
