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.”
12 firms agreed to pay the fines to settle charges.
SEC says 10 separate provisions of the law were violated by two firms.
It marks the California based advisory network's 11th deal in 15 months.
FP Alpha and Morningstar provide fresh options to boost productivity.
Potentially avoiding sudden shocks boosts foreign currencies.
AssetMark Group CEO explains why the great wealth transfer, succession planning, and personalization will be key for advisors in the new year.
A trust delivery model not only increases the value of an advisor and a firm but is also a natural addition to any firm’s succession plan.
