Concurrent Investment Advisors, a Tampa-based RIA platform, has added another team from Raymond James, this time a Houston practice managing more than $425 million in client assets. The firm announced the addition of Winstone Wealth Partners on Sunday, extending a recruiting streak that has become a hallmark of its 2026 growth strategy.
Winstone's founder and CEO, Jeff Green, is joined by partner Lauren Smith and advisors John Grover, Robert Burks and Dylan Daggett. All previously operated under Raymond James Financial Services. With this hire, Concurrent's total assets under management now exceed $23 billion, according to the company.
Raymond James exodus continues
Winstone is the latest in a series of teams to leave Raymond James for Concurrent this year. In May, a four-advisor group managing $1.2 billion departed Raymond James & Associates to launch TAVO Wealth, an RIA in which Concurrent took a minority stake. Over the summer, Concurrent added Potomac Financial Group, a $750 million practice from Raymond James, marking its entry into Maryland. In August, two former Raymond James executives launched Proxima Wealth Partners on Concurrent's platform.
Concurrent CEO Nate Lenz, who himself spent years within the Raymond James system, framed the Winstone deal as part of a broader effort to attract advisor entrepreneurs. "Welcoming this firm is a continued reflection of our team's commitment to building a platform where advisor entrepreneurs can scale on their own terms and keep their client relationships at the center of the business," Lenz said.
Why Houston, why now
Green said the decision was driven by infrastructure rather than a shift in client-facing strategy. "Our goal is to provide an experience our clients feel confident about. With Concurrent, we have the technology, integrated planning tools, and operational efficiency necessary to continue putting our clients first," he said. "From day one, it was evident that Concurrent would empower us to build the independent firm we envision for our team and for the families we serve."
Joe Mooney, Concurrent's managing director and head of business development, pointed to the firm's advisor-support model as a key draw. "The investments we are making in advisor support and the platform overall, continue to stand out to advisors and teams seeking independence," Mooney said. "We work to understand what matters most to the advisors and the businesses they have built, which in-turn means providing support that is practical, responsive and aligned with each team's goals, from onboarding through the next stage of growth."
Concurrent's growth has been notable. The firm reached $21 billion in total AUM and welcomed 25 advisors to the platform in the first half of 2026 alone, a period during which it also expanded its home office staff and added capacity across onboarding, compliance, investment solutions and technology.
Backed by Merchant Investment Management, Concurrent has built its growth strategy around a mix of minority investments, capital support and multicustodial access, including relationships with Charles Schwab, Fidelity Clearing and Custody Solutions, and Goldman Sachs. The firm's recent moves echo a broader trend of advisor movement across the industry, as seen in recent team recruitments and large practice acquisitions.
For advisors considering independence, Concurrent's model offers a middle path: the support of a larger platform with the flexibility of an independent RIA. As the breakaway wave continues, firms like Concurrent are positioning themselves as attractive destinations for advisors seeking to retain ownership of their client relationships while gaining operational scale.
