Concurrent Investment Advisors, a Tampa-based hybrid RIA that was formerly an office of supervisory jurisdiction under Raymond James, has added six new advisors with a combined $885 million in assets under management. This brings Concurrent’s total AUM to $9.7 billion.
Advisors Lora Hoff and Carl and Lindsay Lambert, a father-daughter duo, have joined Wealth Partners Alliance, an existing Concurrent practice with over $1.5 billion in AUM. Hoff, who was with Investment Planners Inc. for 18 years, will serve her clients from WPA’s Dallas office. The Lamberts, who came from RBC, will operate out of WPA’s Houston office.
Jason Hudson, who spent the last decade at Edward Jones, has set up his own brand, Hudson Wealth Management.
Two additional have launched Canopy Asset Management, which will operate under the Concurrent umbrella from its office in St. Simons Island, Ga. That includes father-and-son advisors Ken and Tye Pipkin. They’re also joined by COO Jennifer Fussell and Client Relationship Manager Kristen Moore. They were previously with Imprint Wealth, a Mount Pleasant, S.C.-based RIA.
Concurrent was established in 2017 as a technology and services platform for independent financial advisors. Its CEO, Nate Lenz, a former vice president of succession planning and acquisitions at Raymond James Financial Services, co-founded the firm.
Merchant Investment Management, a New York-based private partnership that provides growth capital and other support to independent financial services firms, took a minority, non-controlling interest in the firm in 2021.
Last year, Concurrent successfully restructured as a multicustodial, hybrid RIA platform after dropping its affiliation with Raymond James. It selected Fidelity as its first custodian, and Practifi, SmartX and BlackDiamond are core components of its technology platform. It has maintained a broker/dealer relationship with PKS Investments.