Stratos Wealth Advisors, the fee-only registered funding advisor owned by Stratos Wealth Holdings, has added a second advisor crew in Pepper Pike, Ohio, in as many weeks. This time, Pistone Wealth Advisors, led by President and CEO Karyn Pistone, is becoming a member of Stratos, bringing $120 million in consumer belongings from Beacon Monetary Advisory.
Pistone is joined by senior advisor Spencer Dieck, apply supervisor Linda Tekavec and advisor David Taucher. The crew is predicated in Pepper Pike, simply minutes from Stratos’s Beachwood, Ohio, headquarters. They will use Stratos Funding Administration, an RIA and portfolio administration subsidiary below the Stratos Wealth Holdings umbrella, for portfolio administration.
“We joined Stratos as a result of we noticed an actual alternative for progress,” Pistone stated in a press release. “Stratos has an unbelievable status all through the Cleveland monetary providers neighborhood, and I’ve all the time loved collaborating and dealing with their crew. Their strategic investments in folks and expertise have positioned them to allow companies like ours to thrive sooner or later.”
Pistone and her crew have served the Cleveland space for greater than 30 years. The agency created Proper Begin, a monetary planning software for younger professionals.
This follows information final week that Stratos introduced on Spain & Smith Wealth Advisors, an advisor duo additionally in Pepper Pike, which manages greater than $100 million in belongings.
Stratos Wealth Advisors has grown to over $3.3 billion in advisory belongings throughout 65 advisors. The agency has 82 dwelling workplace workers and greater than 30 areas throughout america.
Stratos Wealth Holdings includes a handful of RIAs and a limited-purpose dealer/seller that reported overseeing near $23 billion in collective belongings in March 2023. Stratos Wealth Advisors is the agency’s pure RIA, whereas Stratos Wealth Companions is its hybrid RIA affiliated with LPL Monetary. The corporate is minority owned by Emigrant Companions, which locations whole belongings below advisement and administration at greater than $100 billion on its web site.
