Newly-merged Phoenix firm taps Concurrent as platform partner

Concurrent Investment Advisors, LLC (“Concurrent”), a multi-custodial hybrid RIA, welcomes The Wealth Stewards to its growing network of aligned, independent financial advisory firms. Jeff Breese and Brent Mekosh, managing partners of The Wealth Stewards, merged their two Arizona-based practices as part of their move to the Concurrent platform. They chose Concurrent to provide operational support and growth capital as their team of nine professionals enters the RIA space.

Breese and Mekosh, longtime friends who previously worked as independent advisors with Raymond James Financial Services, started planning the merger over a year ago. Their objective was to expand services for business-owner clients and increase the team’s depth. They collaborated with business consultant Liz Lenz from Lenz Insights, who provided guidance on the merger. After thorough due diligence, Concurrent’s platform was chosen for its capability to handle the complex transaction, provide legal and transition support, and help launch The Wealth Stewards’ new digital presence. To establish a strong base for the new firm, Breese and Mekosh brought Ryan Reming on board at launch, increasing the firm’s combined assets under management to over $500 million.

“Jeff and Brent are exactly the caliber of advisor we built Concurrent to support,” said Nate Lenz, CEO of Concurrent. “They have taken a major step forward in their professional journey together, and their clients will reap the benefits of their ambition for years to come.”

“From the outset, Concurrent showed us they understood builders. We build wealth for our clients, but we also want to build our own business as independent entrepreneurs,” said Mekosh.

The Wealth Stewards, with offices in Phoenix and Chandler, Arizona, will utilize Concurrent’s platform, operational support services, and strategic consulting resources to enhance their business. Their focus is on developing solutions and providing a client experience tailored to the needs of high-net-worth individuals and families. Concurrent’s extensive network offers access to a collaborative peer group that shares resources and best practices, providing a unique advantage for The Wealth Stewards in their expansion efforts.

“Anyone can compete on price, but the true benefit of Concurrent has nothing to do with money. The relationships Concurrent has in place, the range of support services, and their understanding of what we want to accomplish made them the obvious choice for Brent and me,” said Breese.

“The Wealth Stewards stand out because of the genuine bond between Jeff and Brent and the caliber of service they offer their clients. It has been rewarding to play a part in bringing their businesses together and helping them shape their own vision for the culture and future of their firm,” said Joe Mooney, Managing Director, Advisor Engagement and Enterprise Development at Concurrent.

About Concurrent

Concurrent is a multi-custodial, hybrid registered investment adviser (RIA) created to give independent advisors all the resources they need to grow their businesses and adapt to the evolving financial needs of their clients. Headquartered in Tampa, Florida, Concurrent was established in 2017 by former advisors, business owners and industry leaders to cultivate a national network of independent providers of unbiased, fiduciary advice.

Through a partnership with Merchant, Concurrent offers its advisors growth capital, full operational support, and opportunities to align through shared equity ownership. Independence and collaboration are central to Concurrent’s ethos, as advisors maintain their autonomy and unique value while sharing best practices and best-in-breed technology, fueling their growth as entrepreneurs.

To learn more about Concurrent, visit www.poweredbyconcurrent.com.

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