Stratos Wealth Holdings, based in Beachwood, Ohio, has finalized the acquisition of 11 advisory practices across seven states, adding approximately $4.8 billion in client assets to its network. The transactions, completed as of December 31, 2025, were in progress before SEI made a strategic investment in the firm, according to company officials.
The acquired practices range from solo advisors to multi-advisor teams and span Ohio, Pennsylvania, California, Arizona, New York, Virginia, and Massachusetts. Notable additions include Kowal Financial Services of Fairfax, Virginia; Veritas Boston of Rockland, Massachusetts; True North Wealth Partners of Dublin, Ohio; and Windsor Wealth Management of Gladwyne, Pennsylvania. Other firms joining the network are Spain & Smith Wealth Advisors of Pepper Pike, Ohio; Pistone Wealth Advisors of Pepper Pike, Ohio; Marquis Wealth Group of Tucson, Arizona; PTM Financial of Chula Vista, California; Stratos Private Wealth Westchester of Westchester, New York; and Stratos Private Wealth San Diego of San Diego, California.
The acquisitions reflect a broader trend in the wealth management industry, where advisors are increasingly seeking alternatives to traditional succession models. Rather than selling their practices outright or relying on internal transitions, many are turning to aggregators like Stratos that offer equity stakes while allowing founders to retain day-to-day control. This approach provides scale and resources without sacrificing entrepreneurial leadership.
Jeff Concepcion, founder and CEO of Stratos, said the deals underscore the evolving nature of succession planning. “Advisors today are navigating increasing complexity, from evolving client expectations to technology demands and long-term continuity planning,” he said. “We believe the traditional succession model is evolving, and advisors are increasingly looking for strategic partners that can provide scale, resources, and flexibility without sacrificing leadership of their businesses.”
Concepcion noted that SEI’s strategic investment has accelerated the firm’s ability to support advisors while preserving its entrepreneurial culture. The partnership with SEI, a global asset management and technology provider, enhances Stratos’ capacity to offer operational infrastructure and strategic resources to its partner firms.
Lou Camacho, president of Stratos Wealth Enterprises, emphasized that the firm’s model is built around long-term alignment with partner practices. “Our focus is on building long-term alignment with select partner practices and helping them grow within a stronger operational framework,” Camacho said. “Through this approach, advisors retain leadership of their firms while gaining access to expanded infrastructure, operational capabilities, and strategic resources designed to support continuity and future enterprise value.”
The move comes amid a wave of consolidation in the RIA space, as firms seek scale to compete for talent and technology investments. For context, Corient expanded into Oklahoma with a $7.8 billion acquisition of Capital Advisors, highlighting the scale of recent deals. Meanwhile, industry observers note that advisory firms must prioritize durability over scale to survive, a theme that resonates with Stratos’ approach of balancing growth with operational resilience.
Stratos’ network now includes dozens of partner firms across the U.S., with total client assets exceeding $4.8 billion from these latest additions alone. The firm continues to target advisors who value independence but seek the support of a larger organization for compliance, technology, and succession planning.
