Stratos Wealth Partners, a Beachwood, Ohio-based registered investment adviser overseeing $18.61 billion, has increased its minority equity stake in San Diego-based BWM Financial, which advises on $1.5 billion.
“After making a strategic investment in BWM Financial two years ago, Stratos is excited to take our exclusive partnership with this exceptional firm to the next level, bringing our stake to 33 percent,” Lou Camacho, COO of Stratos Wealth Holdings, the RIA firm’s corporate parent, said in a statement.
BWM was founded by Jeff Brown in 1996. In 2021, BWM acquired Stratos-affiliated Truuwater Financial, which is also based in San Diego.
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