Concurrent Reports Significant Growth Adding Six Advisory Teams in The First Quarter

The 17 advisors joining the firm bring its assets under advisement to over $10 Billion

Concurrent Investment Advisors, LLC (“Concurrent”), a multi-custodial, hybrid registered investment adviser, continues to attract advisors across the industry, adding six new teams of 17 advisors in the first quarter of 2025. Crownmark Wealth Advisors, Cornerstone Private Wealth, Arky & Miller Financial Group, Center Street Wealth Management, Valenta Capital Management, and Tutelas Financial bring a collective $2.01 billion in assets under management.

The teams expand Concurrent’s footprint across six states, joining from independent firms, wirehouses and broker-dealers. These partnerships demonstrate how Concurrent’s business model resonates with advisors nationally and at all stages of their careers. With a multi-custodial structure that recently added Goldman Sachs Custody Solutions (GSCS)—joining Fidelity, Charles Schwab, and Purshe Kaplan Sterling— Concurrent offers greater flexibility to advisors and investors.

The Crownmark and Cornerstone teams selected Goldman Sachs Custody Solutions as their custodian, making them some of the first teams to join under the expanded custodial line up. Georgia-based advisors Sean Foote and Stephen Welch of Crownmark, formerly with Morgan Stanley, serve businesses, corporate executives, entrepreneurs, professional athletes and entertainers. Foote and Welch note that Concurrent’s ability to support their institutional consulting and high-net-worth business lines will equip them to offer top-level guidance. At the same time, Brett Hina and Daniel Lesneski at Cornerstone join Concurrent from UBS. Both advisors found alignment in the firm’s commitment to providing deeply personal client experience. Working out of New Jersey, Cornerstone chose GSCS as their custodian to access expanded lending and capital market capabilities.

Coming from independent broker-dealers, the teams at Arky & Miller in North Carolina and Center Street in Tennessee chose Concurrent for its collaborative culture and innovative partnership model. Arky & Miller making the transition from Cambridge, believes in the power of values-based planning and will continue to help individuals, families, and businesses build an impactful legacy. Center Street lands with Concurrent from Wells Fargo Advisors Financial Network to continue delivering client-first strategies rooted in a highly efficient approach.

The Valenta and Tutelas teams are joining existing Concurrent partner firms. Affiliating with Legacy Private Wealth Partners in Colorado, Valenta will continue to operate under its brand with a goal to enhance operational efficiency. By having access to comprehensive compliance, technology, and administration resources, they will continue to strengthen client relationships and fuel growth. Similarly, The Tutelas team will join forces with Texas-based firm, Wealth Partners Alliance, naming entrepreneurial spirit and access to a collaborative network as main attractors.

“The continued momentum of teams joining Concurrent reflects how our platform resonates with advisors across business models,” said Joe Mooney, Managing Director and Head of Business Development at Concurrent. “Each of these teams has embraced our partnership model, helping us advance our mission of building a platform that is fully independent yet fully aligned. With access to innovative investment solutions, technology, and dedicated home office support, our advisors are empowered to focus on delivering exceptional outcomes for their clients. We’re proud to be the destination of choice for advisors choosing independence.”

About Concurrent

Concurrent is a multi-custodial, hybrid registered investment adviser (RIA) created to give independent advisors all the resources they need to grow their businesses and adapt to the evolving financial needs of their clients. Headquartered in Tampa, Florida, Concurrent was established in 2017 by former advisors, business owners and industry leaders to cultivate a national network of independent providers of unbiased, fiduciary advice.

Through a partnership with Merchant, Concurrent offers its advisors growth capital, full operational support, and opportunities to align through shared equity ownership. Independence and collaboration are central to Concurrent’s ethos, as advisors maintain their autonomy and unique value while sharing best practices and best-in-breed technology, fueling their growth as entrepreneurs.

To learn more about Concurrent, visit www.poweredbyconcurrent.com.

About Goldman Sachs Custody Solutions

Custody, clearing and certain brokerage services are offered by Folio Investments, Inc., which conducts business as Goldman Sachs Custody Solutions (GSCS). GSCS is an SEC-registered broker-dealer and Member FINRA/MSRB/SIPC. Neither this material nor any of its contents shall constitute an offer, solicitation, or advice to buy or sell securities.

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