Concurrent provides $425 million Houston workforce as breakaway wave continues

Concurrent Investment Advisors has added one other Raymond James workforce to its roster, increasing its presence within the Lone Star State.

The Tampa-based registered asset placement adviser platform mentioned Sunday it has recruited Winstone Wealth Partners, a Houston apply managing greater than $425 million in consumer belongings, extending a recruiting run that has outlined its 12 months.

Winstone’s founder and chief govt, Jeff Green, moved to Concurrent from Raymond James Financial Services together with associate Lauren Smith and advisors John Grover, Robert Burks and Dylan Daggett.

The addition pushes Concurrent’s whole belongings beneath administration previous $23 billion, in keeping with the corporate.

A sample of Raymond James exits

Winstone is the newest in a string of groups which have left Raymond James for Concurrent’s platform this 12 months. In May, a four-advisor group managing $1.2 billion left Raymond James & Associates to launch TAVO Wealth, a brand new RIA during which Concurrent took a minority stake.

This previous summer season, Concurrent picked up Potomac Financial Group, a $750 million apply from Raymond James that marked Concurrent’s entry into Maryland. In August, two extra former Raymond James executives launched Proxima Wealth Partners on Concurrent’s platform.

Concurrent chief govt Nate Lenz, who additionally spent years contained in the Raymond James system, framed the Winstone deal in phrases in step with that broader push.

“Welcoming this agency is a continued reflection of our workforce’s dedication to constructing a platform the place advisor entrepreneurs can scale on their very own phrases and hold their consumer relationships on the middle of the trade,” Lenz mentioned.

Why Houston, why now

Green mentioned the transfer was about transport systems moderately than a change in client-facing technique.

“Our purpose is to supply an expertise our shoppers really feel assured about. With Concurrent, now we have the know-how, built-in planning instruments, and operational effectivity essential to proceed placing our shoppers first,” he mentioned. “From day one, it was evident that Concurrent would empower us to construct the impartial agency we envision for our workforce and for the households we serve.”

Joe Mooney, Concurrent’s managing director and head of trade improvement, pointed to the agency’s advisor-support mannequin because the draw.

“The investments we’re making in advisor assist and the platform total, proceed to face out to advisors and groups looking for independence,” Mooney mentioned. “We work to know what issues most to the advisors and the companies they’ve constructed, which in-turn means offering assist that’s sensible, responsive and aligned with every workforce’s targets, from onboarding by the following stage of progress.”

Concurrent, the agency reached $21 billion in whole belongings beneath administration and welcomed 25 advisors to the platform within the first half of 2026 alone, a interval throughout which it additionally expanded its dwelling workplace employees and added capability throughout onboarding, compliance, asset placement options and know-how.

Backed by Merchant Investment Management, Concurrent has constructed its progress technique round a mixture of minority investments, capital assist and multicustodial access – together with relationships with Charles Schwab, Fidelity Clearing and Custody Solutions and Goldman Sachs.

“Our position is to carry capabilities and strategic assist to the desk that strengthen companies like Winstone, with out diminishing what makes them distinct,” Lenz mentioned.