Concurrent Investment Advisors has launched RIA Capital Partners, a new platform aimed at taking minority stakes in small to mid-sized registered investment advisers. As reported by InvestmentNews, the initiative fills a niche overlooked by most minority investors who typically focus on billion-dollar Registered Investment Advisers ("RIAs"), targeting firms managing between $200 million and $500 million in assets.
RIA Capital Partners has already completed two minority investments: Post Oak Wealth Partners in Houston, managing $250 million, and Seattle-based Oliver Capital Management, with $450 million in Assets Under Management ("AUM"). The firm plans to close on three more partnerships before year-end.
As reported by InvestmentNews, Concurrent has grown to over $12 billion in AUM, with more than $2.5 billion added through advisor recruitment this year alone. The firm projects another $2.5 billion in growth by the end of 2025. Through RIA Capital Partners, minority investors retain their own ADV filings and custodial relationships while benefiting from Concurrent's resources in compliance, branding, succession, and M&A.
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