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- Concurrent is a partnership of independent consultants affiliated with Raymond James.
- The additions help expand Competitor’s presence in the United States and include its first team in Kansas: Sauer Wealth Management.
- The new Competitor Advisors were already registered with Raymond James himself or came from Wells Fargo or Morgan Stanley.
The Raymond James-affiliated Competitor network of independent advisers has added 10 new partner advisor teams in 2021, bringing its assets under management to more than $ 1 billion, the company said Thursday.
The additions help expand Competitor’s presence in the United States and include its first team in Kansas: Sauer Wealth Management (SWM), led by Randy Sauer, with $ 191.8 million in assets under management.
Sauer, who is registered as a broker and investment advisor, joins the Competitor network from Wells Fargo Advisors, where he had been registered since 1990, first as a broker, then as a broker and RIA. SWM is based in Pittsburg, Kansas. Sauer is supported by Kallee Tucker.
Meanwhile, George hoos, formerly at Morgan Stanley, is a solo advisor in Sarasota, Fla., with $ 90 million in assets under management, who joined Competitor last month. He joined Morgan Stanley in 2000, left in 2005 to join Wells Fargo, and joined Morgan Stanley in 2013.
Last month we also joined Michael cox and Nic Manns, who worked at Wells Fargo Advisors (Cox since 2012 after leaving Morgan Stanley and Manns since 2018), with assets under management of $ 100 million. They will operate as Cox Private Wealth Management Group in New Port Ritchey, Florida.
Concurrent, based in San Diego, was founded in 2016 and had 125 advisors in 55 offices with more than $ 11.5 billion in assets under management and approximately $ 12 billion in assets under advice as of May 15, the company said.
Raymond James Financial now has approximately 8,300 financial advisers in the United States, Canada and abroad, with total client assets of $ 1.09 trillion, he said.
The other advisors to join the Concurrent network since January are:
Zach Yaklin, with assets under management of $ 213 million, formerly with Wells Fargo Bank and headquartered in San Diego and Traverse City, Michigan.
Michael grover, Managing Partner of Grover Financial Group, with $ 311 million in assets under management and an advisor Raymond James Financial Services (since 2012), based in Modesto, Calif. Prior to Raymond James, Grover had been registered with Edward Jones since 1991. His team of six also includes financial advisors. Robert powell, Justin grover and Eric Taylor, with the support of Jan Constable and Linda Carranza.