Concurrent Investment Advisors, a Tampa‑based registered investment advisor, closed its acquisition of Spire Investment Partners on September 30. The deal adds 30 financial advisory teams to Concurrent’s network, pushing the firm’s assets under management to $28.6 billion and extending its advisor footprint to 33 states.
Strategic fit and partnership model
Concurrent co‑founder and CEO Nate Lenz explained that the purchase aligns with the firm’s long‑term strategy of supporting independent wealth managers. “We also have a partnership model where we’ll make minority investments in the firms that choose to participate,” Lenz said. “We can provide both a platform and partnership to help empower them as entrepreneurs, giving them big‑firm resources while preserving independence and autonomy.”
Lenz noted that Spire’s business model mirrors Concurrent’s own approach, making the integration a natural fit. “Spire was essentially running a model very similar to ours. It was philosophically aligned, supporting independent financial advisors through a platform business model,” he said.
Talent and technology focus
The acquisition also brings new talent into Concurrent’s system, a critical factor in an industry where skilled advisors are scarce. “Talent is scarce. That’s something we are always looking for,” Lenz added.
Concurrent is investing heavily in data infrastructure and artificial intelligence capabilities to give advisors better tools and broader solution sets. “Our best opportunity to serve the end client is serving the advisor,” Lenz said. “That means making meaningful investments in people and technology.”
Growth outlook
Looking ahead, Concurrent aims to reach $50 billion in assets under management within the next three years. Spire founder and CEO David Blisk praised the deal, stating that the next chapter will provide advisors with additional resources, deeper support, and a broader community without forcing them to surrender the identity of their practices.
Concurrent’s expansion reflects a broader trend of wealth‑management firms moving toward independent platforms that prioritize fiduciary responsibility and objective advice. By adding Spire’s teams, the firm strengthens its national presence while maintaining a focus on local advisor autonomy.
Local impact
For the Tampa area, the acquisition underscores the city’s growing reputation as a hub for financial services innovation. The deal brings new jobs and technology investments to the region, supporting local economic development and offering Tampa‑based advisors access to a national network of resources.
Original reporting: St. Pete Catalyst — read the source article.
