Stratos Completes 11 Practice Acquisitions Totaling $4.8 Billion in Client Assets

Stratos Wealth Holdings has completed the acquisition of 11 partner practices representing approximately $4.8 billion in combined client assets as of Dec. 31, 2025. The acquisitions span sole practitioners and multi-adviser teams. All were in progress before SEI’s $527 million majority investment in Stratos, the first stage of which closed in December 2025, leaving SEI with a 57.5% stake in the firm.

The 11 practices acquired are: Kowal Financial Advisors of Fairfax, Va.; Jamie Turk Holdings of Beachwood, Ohio; Veritas Boston of Rockland, Mass.; True North Wealth Partners of Dublin, Ohio; Spain & Smith Wealth Advisors of Pepper Pike, Ohio; Windsor Wealth Management of Gladwyne, Pa.; Pistone Wealth Advisors of Pepper Pike, Ohio; Marquis Wealth Group of Tucson, Ariz.; PTM Financial of Chula Vista, Calif.; Stratos Private Wealth Westchester in New York; and Stratos Private Wealth San Diego in California.

Stratos has structured each acquisition as a partnership in which advisers retain leadership of their practices while gaining access to the firm’s operational infrastructure and resources. The model is positioned as an alternative to traditional succession arrangements, which typically transfer ownership outright.

“Advisers today are navigating increasing complexity, from evolving client expectations to technology demands and long-term continuity planning,” said Jeff Concepcion, founder and chief executive officer of Stratos. “We believe the traditional succession model is evolving, and advisers are increasingly looking for strategic partners that can provide scale, resources, and flexibility without sacrificing leadership of their businesses.”

Lou Camacho, president of Stratos Wealth Enterprises, said the partnership model lets advisers retain firm leadership while drawing on operational support aligned with long-term planning. Camacho, who joined Stratos from Fidelity Investments in 2018 to lead the firm’s practice acquisition efforts, said the SEI partnership has expanded Stratos’s ability to continue developing those capabilities.

“SEI’s strategic investment has helped accelerate our ability to support advisers while preserving the entrepreneurial culture that defines Stratos,” added Concepcion.

Stratos has built its national network through a combination of organic growth and acquisitions. AltsWire reported in July 2025 that the firm’s network of registered investment advisers advised and serviced more than $37 billion in client assets at the time of the SEI deal announcement.

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