Hybrid RIA Concurrent Investment Advisors announced on Tuesday that it added a Houston-based advisor team to its platform that managed $1.2 billion in client assets with Raymond James & Associates and is now launching as the independent advisory firm TAVO Wealth.
The addition increased the Concurrent platform’s assets under management (AUM) to more than $20 billion, it said.
Concurrent said it provided transition guidance and support to TAVO Wealth as the team launched its independent practice.
“The TAVO team is joining Concurrent as an independent firm and tapping into our platform and partnership,” Joe Mooney, Managing Director and Head of Business Development at Concurrent, told Wealth Solutions Report by email.
“Concurrent played an important role in guiding the launch and will continue to support the firm with resources across operations, technology, compliance and investment solutions,” he said.
“TAVO, like any other independent advisor that joins Concurrent, is retaining ownership and brand autonomy,” he pointed out, noting the official launch was on Friday.
TAVO said it has a custodial relationship with Fidelity Institutional Wealth Management Services.
“The single most important factor for us has always been alignment of values,” David Ahlquist, a TAVO Partner and Advisor, said in a news release. “I believe that when firms prioritize a healthy, genuine internal culture, clients reap the benefits.”
“We found that alignment with Concurrent,” he said. “Combined with the resources and partnership structure they provide, this positions us to deliver an even stronger experience for our clients.”
“We have a national client base, each with specific needs, goals and financial situations,” added Nick Troiano, also a TAVO Partner and Advisor. “With Concurrent as both our platform and capital partner, our team is better positioned to deliver thoughtful, highly personalized financial solutions to each family we serve.”
John O’Shea and Steve VanNostrand are other members of the TAVO advisor team, previously known as Ahlquist Private Wealth Management of Raymond James.
Since the start of 2026, Concurrent has added more than $3 billion in AUM via partnerships with 24 independent advisors, according to Concurrent.
‘A Strong Pipeline’
“Interest in Concurrent’s platform and partnership continues to grow as the story resonates with entrepreneurial advisors,” Mooney told WSR. “We have a strong pipeline and are excited for the 3rd and 4th quarter as we expect continued success.”
Concurrent announced in October that another advisor team affiliated with Raymond James, Keaton & Sams Wealth Management, which oversaw more than $1.3 billion in assets, entered into a strategic partnership with Concurrent to launch as an independent firm.
But Mooney said, “We have attracted advisors from a variety of channels, including wirehouses, independent broker dealers, regional firms, and RIAs, so I would not characterize this as something unique to Raymond James.”
He added, “What we are seeing across the industry is that larger and more sophisticated advisor teams are thinking more strategically about ownership, flexibility, succession planning, and long term enterprise value creation.”
Mooney concluded, “What is resonating with teams like TAVO is the ability to retain ownership of their business while leveraging Concurrent’s platform and partnership model to help scale and build long term enterprise value.”
Jeff Berman, Contributing Editor and Reporter at Wealth Solutions Report, can be reached at jeff.berman@wealthsolutionsreport.com.
