Concurrent Partners with $700M Atlanta-Area RIA

Concurrent Investment Advisors, a Tampa-based multi-custodial, hybrid RIA, has partnered with Atlanta area-based Lumature Wealth Partners, a team of independent advisors managing over $700 million in assets, as it makes a major push to expand its footprint in the Southeast.

Financial terms of the deal were not disclosed.

Previously affiliated with Raymond James Financial Services, the Lumature advisor team is led by principals Ross Ramsey and R. Corley Watson III, who founded the firm in 2020.

“We love to work with advisors who have a clear vision of what they need to succeed as stewards of their clients’ wealth. Ross and Corley approached us for this partnership because they wanted someone on their side who understood them, too,” said Nate Lenz, CEO and co-founder of Concurrent.

Formerly established as an Office of Supervisory Jurisdiction (OSJ) in 2017, Concurrent itself operated as an OSJ for about 147 Raymond James-affiliated advisors until it dissolved its relationship with the broker-dealer in September of 2022.

Concurrent had nearly $17 billion in assets under advisement prior to the Lumature partnership. Serial RIA investor Merchant Investment Management has a minority stake in Concurrent.