SEI and Stratos Wealth Holdings have announced that they have entered into a business partnership, underscored by a shared commitment to helping advisers scale and grow their businesses. SEI will make a strategic investment in the Stratos business, a family of companies focused on supporting the success of financial advisers across business models and affiliation structures. Based in Beachwood, Ohio, Stratos includes a national network of more than 360 experienced financial advisers and financial planning practitioners working across 26 states throughout the United States.
Founder and CEO Jeff Concepcion will continue to lead the Stratos business, which will operate under its recognized brand and as an affiliated business of SEI. Stratos’ existing business and client service model, including custodial relationships, will continue, and its current offerings will be reinforced by SEI’s capabilities across technology, custody, operations and asset management.
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