Concurrent Strengthens Retirement Division Leadership
Concurrent Investment Advisors, LLC, a prominent multi-custodial hybrid registered investment adviser, has taken a significant step by appointing David Montgomery as the Managing Director of its retirement division. Montgomery's extensive background in retirement planning positions him as an ideal leader to refine the firm's retirement offerings and enhance client services.
The Vision Behind the New Appointment
Concurrent's decision to add Montgomery to its team reflects its commitment to expanding its retirement services. Montgomery enters this role with nearly twenty years of expertise in the retirement planning advisory field. His previous experience as co-founder of a fiduciary firm specializing in customized retirement solutions complements his role at Concurrent, where he previously served as Director of Retirement Investment Services at OneDigital.
David Montgomery’s Impact on the Firm
With his wealth of experience, Montgomery is set to innovate and strengthen Concurrent's retirement initiatives. Eddy Augsten, Managing Director of Investments at Concurrent, emphasizes that the retirement division aims to offer unified support to advisors, ensuring they have the tools to thrive in their businesses. Montgomery's background in creating advisor-centric investment solutions is expected to enhance service quality and client relationships.
Strategic Direction for Concurrent's Retirement Division
With the establishment of a dedicated retirement division, Concurrent positions itself to explore strategic growth opportunities within the retirement landscape. The firm plans to implement a comprehensive acquisition strategy while integrating its established services, such as Centralized Wealth Advisory Solutions (CWAS). This strategy aims to bolster Concurrent Asset Management's offerings to address the diverse needs of participants across various wealth segments.
Harnessing Technology for Improved Services
The adoption of the TIFIN @Work platform is another promising initiative that will enhance the firm's retirement plan capabilities. This technological integration is designed to broaden Concurrent's outreach to plan sponsors and offer more substantial financial planning support to participants, thus benefiting advisors as they navigate their growth trajectories in this competitive environment.
Montgomery's Perspective on the New Role
Montgomery expresses enthusiasm about his new position, emphasizing the importance of building a retirement platform that allows advisors to focus on their clients' needs effectively. He believes that by equipping advisors with the necessary resources, they can achieve better outcomes for plan sponsors and participants alike, fostering long-term financial wellness.
The Broader Mission of Concurrent
Nate Lenz, CEO and co-founder of Concurrent, articulates the firm’s mission to expand its reach continually. He acknowledges Montgomery's dedication to driving thoughtful growth within the retirement division, positioning the firm as a key player in the sector that prioritizes delivering meaningful support to advisors and their clients.
About Concurrent
Established in 2017, Concurrent Investment Advisors, LLC is a multi-custodial hybrid registered investment adviser dedicated to empowering independent advisors. With its headquarters in Tampa, the firm is committed to providing advisors with the necessary resources to navigate the evolving financial landscape and serve their clients effectively.
Concurrent, in collaboration with Merchant, offers growth capital, operational support, and opportunities for shared equity ownership to its advisors. The principles of independence and collaboration define Concurrent’s approach, which allows advisors to retain their unique identity while benefiting from shared expertise and advanced technology.
Frequently Asked Questions
Who is David Montgomery?
David Montgomery is the newly appointed Managing Director of Retirement Plan Services at Concurrent Investment Advisors, bringing nearly two decades of experience in retirement planning advisory services.
What are the goals of Concurrent’s retirement division?
The primary goal of Concurrent’s retirement division is to strengthen support for advisors while optimizing retirement offerings to enhance client and advisor relationships.
How does Concurrent plan to grow its retirement services?
Concurrent aims to expand its retirement services through strategic acquisitions and by integrating established solutions like Centralized Wealth Advisory Solutions.
What is the significance of the TIFIN @Work platform?
The TIFIN @Work platform is designed to support Concurrent's retirement plan business by enhancing service quality and providing comprehensive financial planning support to clients.
What is Concurrent’s foundational mission?
Concurrent’s mission is to empower independent advisors with the resources they need to adapt to changing financial needs and deliver unbiased fiduciary advice to their clients.
