The team has left Raymond James to bring $425 million in AUM to Concurrent’s 1099 affiliation platform, which now oversees more than $23 billion in client assets.
Concurrent Investment Advisors, a Tampa, Fla.-based registered investment adviser platform that broke off from Raymond James in 2022, has added another Raymond James team with the acquisition of Winstone Wealth Partners in Houston.
Winstone, which was founded by CEO Jeff Green, has more than $425 million in assets under management. That brings Concurrent’s total assets under management and administration to more than $23 billion and adds to the 25 advisors joining the firm in the first half of 2026.
“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,” said Concurrent CEO Nate Lenz.
Green is joined by Partner Lauren Smith and advisors John Grover, Robert Burks and Dylan Daggett.
“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,” Green said in a statement.
The Houston-based Winston Wealth, which will keep its name, plans to grow organically and pursue inorganic growth opportunities using Concurrent’s resources.
“Our role is to bring capabilities and strategic support to the table that strengthen firms like Winstone, without diminishing what makes them distinct,” Lenz said.
The addition followed a first half in which Concurrent reached $21 billion in total AUM before quickly adding another $2 billion via acquisition to its 1099 affiliation platform.
During that period, Lentz said Concurrent expanded its home office with investment across onboarding, operations, compliance, investment solutions, practice synergies, centralized services, technology and advisor support.
Concurrent is majority-owned by its employees, with a minority stake owned by Merchant Investment Management. The RIA also has a program to make minority investments in other RIAs.
Even as Concurrent has steadily drawn former Raymond James teams, that St. Petersburg, Fla.-based firm has been winning the recruiting game more broadly. According to the most recent analysis by Wolfe Research, Raymond James has had the most net advisor wins through August 23, trailing only LPL Financial.