Concurrent Lifts AUM to $17B With Fehrman Deal, New Advisors

Concurrent Investment Advisors has begun the year with a series of partnerships, including the acquisition of Fehrman Investment Group and the addition of three advisors to firms already operating on its platform. The moves collectively add more than $450 million in client assets, bringing Concurrent’s total assets under management to approximately $17 billion. 

The largest addition is Fehrman Investment Group, a family-owned advisory practice overseeing more than $300 million in assets. The Augusta, Georgia-based firm is led by President Jeff Fehrman, CFP, and includes financial advisor Katie Fehrman Edmonds along with three team members. The practice focuses on investment management, comprehensive financial planning and corporate retirement plan advisory services. 

Fehrman said the decision to join Concurrent was driven by the opportunity to enhance the client experience through access to expanded investment capabilities, institutional planning resources and Goldman Sachs Custody Solutions. 

Edmonds added that the partnership should improve operational efficiency while allowing the team to continue delivering comprehensive, relationship-driven advice to clients. 

Concurrent also strengthened its broader advisor network with three additional affiliations. Charles Sacco joined Ciliberti & Associates in New York, Dave Coleman joined Lindamood Financial Group in Virginia, and Amanda Adams joined The Wealth Stewards in Massachusetts. 

Through its partnership with Merchant Investment Management, Concurrent provides affiliated firms with growth capital, operational support and the opportunity to participate in shared equity ownership.