The Wealth Stewards Aligns with Concurrent
2024年5月9日 - 10:30PM
ビジネスワイヤ(英語)
Newly-merged Phoenix firm taps Concurrent as
platform partner
Concurrent Investment Advisors, LLC (“Concurrent”), a
multi-custodial hybrid RIA, welcomes The Wealth Stewards to its
growing network of aligned, independent financial advisory firms.
Jeff Breese and Brent Mekosh, managing partners of The Wealth
Stewards, merged their two Arizona-based practices as part of their
move to the Concurrent platform. They chose Concurrent to provide
operational support and growth capital as their team of nine
professionals enters the RIA space.
Breese and Mekosh, longtime friends who previously worked as
independent advisors with Raymond James Financial Services, started
planning the merger over a year ago. Their objective was to expand
services for business-owner clients and increase the team’s depth.
They collaborated with business consultant Liz Lenz from Lenz
Insights, who provided guidance on the merger. After thorough due
diligence, Concurrent’s platform was chosen for its capability to
handle the complex transaction, provide legal and transition
support, and help launch The Wealth Stewards’ new digital presence.
To establish a strong base for the new firm, Breese and Mekosh
brought Ryan Reming on board at launch, increasing the firm’s
combined assets under management to over $500 million.
“Jeff and Brent are exactly the caliber of advisor we built
Concurrent to support,” said Nate Lenz, CEO of Concurrent. “They
have taken a major step forward in their professional journey
together, and their clients will reap the benefits of their
ambition for years to come.”
“From the outset, Concurrent showed us they understood builders.
We build wealth for our clients, but we also want to build our own
business as independent entrepreneurs,” said Mekosh.
The Wealth Stewards, with offices in Phoenix and Chandler,
Arizona, will utilize Concurrent’s platform, operational support
services, and strategic consulting resources to enhance their
business. Their focus is on developing solutions and providing a
client experience tailored to the needs of high-net-worth
individuals and families. Concurrent’s extensive network offers
access to a collaborative peer group that shares resources and best
practices, providing a unique advantage for The Wealth Stewards in
their expansion efforts.
“Anyone can compete on price, but the true benefit of Concurrent
has nothing to do with money. The relationships Concurrent has in
place, the range of support services, and their understanding of
what we want to accomplish made them the obvious choice for Brent
and me,” said Breese.
“The Wealth Stewards stand out because of the genuine bond
between Jeff and Brent and the caliber of service they offer their
clients. It has been rewarding to play a part in bringing their
businesses together and helping them shape their own vision for the
culture and future of their firm,” said Joe Mooney, Managing
Director, Advisor Engagement and Enterprise Development at
Concurrent.
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.
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version on businesswire.com: https://www.businesswire.com/news/home/20240509948072/en/
Media Monica Estrada Gregory FCA for Concurrent
concurrent@gregoryfca.com