Concurrent Investment Advisors has acquired Spire Investment Partners, a wealth management platform serving independent financial professionals across the United States, extending its adviser footprint to 33 states.
The deal marks Concurrent’s first acquisition of another platform business at scale and signals the role Concurrent intends to play going forward: a destination for firms whose advisers need greater scale and resources to keep pace. Spire was built to serve advisers in the same way.
Founded in 1997 and headquartered in Virginia, Spire is a hybrid registered investment adviser (RIA) that offers solutions based on each adviser’s preferred level of ownership and responsibility. In recent years, Spire expanded its offering to support third-party RIAs — an approach that aligns with Concurrent — and built out its SWAP program to serve as an in-house succession solution for its affiliated firms. Spire brings approximately $5.4 billion in total assets acros
