Key Takeaways
- • Concurrent Investment Advisors, LLC, a Tampa, Florida-based multi-custodial hybrid RIA, launched an enterprise-grade alternative investments platform for its advisors and their high-net-worth clients.
- • The platform is designed, managed, and curated by Concurrent Asset Management, LLC, which will also handle compliance oversight and management of alternative funds for the platform.
- • Built with Proteus and supported by partnerships with iCapital and CAIS, the platform provides access to private equity, private credit, real estate, infrastructure, and absolute return hedge funds via institutional private placements.
- • Multi-asset model portfolios offer clients a single entry point into private markets, according to the company's announcement.
- • Concurrent cites relationships with institutional consultants Fiducient, Meketa, and Callan in sourcing and curating managers.
Summary
Concurrent Investment Advisors, LLC ("Concurrent"), a multi-custodial hybrid registered investment adviser headquartered in Tampa, Florida, has launched an alternative investments platform aimed at equipping its advisors with multi-asset alternatives portfolios for high-net-worth investors, according to a Business Wire release dated October 22, 2024.
The platform is designed, managed, and curated by Concurrent Asset Management, LLC. A new business entity will perform compliance oversight and management of alternative funds in conjunction with the platform, for the benefit of Concurrent advisors. The offering is supported by customized partnerships with iCapital, CAIS, and other alternative asset providers.
The platform builds on Concurrent's most recent expansion, developed in partnership with Proteus, which centralizes resources, due diligence, and curation for deploying capital into complex alternative assets through institutional private placements. Concurrent says the platform will give clients access to private equity, private credit, real estate, infrastructure, and absolute return hedge funds from what it describes as blue-chip investment managers. The company states that it leverages relationships with institutional consultants Fiducient, Meketa, and Callan.
The alternative assets platform will offer model portfolios that advisors can use to allocate across a number of alternative strategies. Concurrent describes these multi-asset models as a single, frictionless entry point into private markets that removes the need for clients to manage multiple investment relationships and transactions.
Eddy Augsten, Managing Director of Investments at Concurrent, said the firm wants advisors and clients to have access to the best solutions and that the experience and pedigree of the managers curated would make a difference in financial outcomes. Nate Lenz, CEO of Concurrent, said the strategies allow advisors to compete with alternative solutions offered by some of the industry's largest firms while driving organic growth within client segments. Concurrent was established in 2017 and, through a partnership with Merchant, offers its advisors growth capital, operational support, and opportunities for shared equity ownership.
The platform is designed, managed, and curated by Concurrent Asset Management, LLC. A new business entity will perform compliance oversight and management of alternative funds in conjunction with the platform, for the benefit of Concurrent advisors. The offering is supported by customized partnerships with iCapital, CAIS, and other alternative asset providers.
The platform builds on Concurrent's most recent expansion, developed in partnership with Proteus, which centralizes resources, due diligence, and curation for deploying capital into complex alternative assets through institutional private placements. Concurrent says the platform will give clients access to private equity, private credit, real estate, infrastructure, and absolute return hedge funds from what it describes as blue-chip investment managers. The company states that it leverages relationships with institutional consultants Fiducient, Meketa, and Callan.
The alternative assets platform will offer model portfolios that advisors can use to allocate across a number of alternative strategies. Concurrent describes these multi-asset models as a single, frictionless entry point into private markets that removes the need for clients to manage multiple investment relationships and transactions.
Eddy Augsten, Managing Director of Investments at Concurrent, said the firm wants advisors and clients to have access to the best solutions and that the experience and pedigree of the managers curated would make a difference in financial outcomes. Nate Lenz, CEO of Concurrent, said the strategies allow advisors to compete with alternative solutions offered by some of the industry's largest firms while driving organic growth within client segments. Concurrent was established in 2017 and, through a partnership with Merchant, offers its advisors growth capital, operational support, and opportunities for shared equity ownership.
Go deeper than the headline
Research every firm in this story, track the ones that matter and get the daily briefing — free for 7 days.