Concurrent Investment Advisors has expanded its reach across the wealth space, adding six advisors with a combined $885 million in assets under management.
The additions bring the multi-custodial RIA’s total AUM to $9.7 billion, marking a significant step in its growth strategy.
The new advisors include Jason Hudson, who is launching Hudson Wealth Management, and the four-person team at Canopy Asset Management, which will continue operating under its existing name in St. Simons Island, Georgia. Concurrent also welcomed Lora Hoff and Carl and Lindsay Lambert, who join Wealth Partners Alliance, an established team within the Concurrent network.
According to Concurrent, the Canopy team – which includes advisors Tye Pipkin and Ken Pipkin, supported by Jennifer Fussell and Kristen Moore – expects the new partnership will strengthen their back-office operations while expanding resources and solutions for clients.
“Our mission is to equip advisors with the resources they need for success. We are eager to see Jason, Lora, Carl, Lindsay, and the Canopy team grow as they elevate client engagement and satisfaction,” Nate Lenz, Concurrent’s CEO and co-founder, said in a statement Thursday.
Hoff, who brings over 25 years of financial planning experience, will operate out of Wealth Partners Alliance’s Dallas office. She will continue focusing on business-owner clients while leveraging Concurrent’s technology and operational capabilities to enhance service delivery.
The Lambert team, who will be based in WPA's Houston office, specializes in corporate retirement planning and individual wealth management. Concurrent’s advanced technology infrastructure and growth resources are expected to provide added flexibility for their client services.
Similarly, Jason Hudson’s new firm, Hudson Wealth Management, will operate with a focus on retirement planning. By aligning with Concurrent, Hudson gains access to evolving technology and operational support to enhance client relationships.
“We recognize that advisors have a choice, and we strive to be a destination firm for advisors who seek independence and support in their entrepreneurial endeavors,” Lenz added.
Rajesh Markan earlier this year pleaded guilty to one count of criminal fraud related to his sale of fake investments to 10 clients totaling $2.9 million.
From building trust to steering through emotions and responding to client challenges, new advisors need human skills to shape the future of the advice industry.
"The outcome is correct, but it's disappointing that FINRA had ample opportunity to investigate the merits of clients' allegations in these claims, including the testimony in the three investor arbitrations with hearings," Jeff Erez, a plaintiff's attorney representing a large portion of the Stifel clients, said.
Chair also praised the passage of stablecoin legislation this week.
Maridea Wealth Management's deal in Chicago, Illinois is its first after securing a strategic investment in April.
Orion's Tom Wilson on delivering coordinated, high-touch service in a world where returns alone no longer set you apart.
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.
