Concurrent Brings In 6 New Advisors, Reaching $9.7 Billion In AUM

Concurrent Investment Advisors, a leading multi-custodial hybrid registered investment adviser (RIA), announced it reached $9.7 billion in assets under management with six new advisors and additional support staff.

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Lora Hoff, Carl Lambert, and Lindsay Lambert join existing Concurrent teams, and Jason Hudson joins under his brand, Hudson Wealth Management while the remaining four advisors join as one team under Canopy Asset Management. These new partnerships bring the firm a collective $885 million in assets under management.

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Canopy aligns with Concurrent to support its ongoing growth goals. It seeks to add assets and staff, as well as additional resources and solutions for clients. This includes improving reporting and portfolio management and building a legacy firm. The team of four, Tye Pipkin, Ken Pipkin, Jennifer Fussell, and Kristen Moore, will tap into Concurrent’s in-depth back-office support to reinforce the firm’s infrastructure. They will continue operating under the current company name from their St. Simons Island, Georgia office.

Lora Hoff and Carl and Lindsay Lambert join Wealth Partners Alliance (WPA) – an established part of the Concurrent network, which manages over $1.5 billion AUM. And Hoff brings over 25 years of experience in financial planning and wealth management and will continue to serve her business-owner clients with enhanced services out of WPA’s Dallas office. Concurrent offers Hoff access to top-tier technology and promotes her firm’s continued growth through increased operational capabilities.

The Lambert team will be based out of WPA’s Houston office, providing corporate retirement planning and wealth planning for individuals and employees. And Concurrent’s advanced technology infrastructure will allow the team to serve clients with innovation and flexibility. The partnership presents business growth resources while enabling the Lambert team to maintain autonomy in their business.

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Jason Hudson has been helping clients plan for retirement for nearly a decade. He is launching his firm, Hudson Wealth Management, and tapping Concurrent for its evolving technology and operational support, which will help enhance client relationships by offering personalized attention and improved services.

KEY QUOTE:

“Our mission is to equip advisors with the resources they need for success. We are eager to see Jason, Lora, Carl, Lindsay, and the Canopy team grow as they elevate client engagement and satisfaction. We recognize that advisors have a choice, and we strive to be a destination firm for advisors who seek independence and support in their entrepreneurial endeavors. It’s an honor when advisors choose to align with us, and we are committed to maintaining the trust they place in us.”

• Concurrent CEO and co-founder Nate Lenz