Concurrent expands into New Mexico with Old Town Advisors

ALBUQUERQUE, N.M. & TAMPA, Fla.--(BUSINESS WIRE)--After decades of serving clients in the wirehouse channel, a team of financial professionals have embraced independence, founding Old Town Advisors and simultaneously joining Concurrent Advisors and Raymond James.

Presidents David Baland and Liatriz Levy, and Client Relationship Manager Amanda Burrows founded their new practice out of a desire to make unbiased financial guidance the core of their client experience, free of bias or outside pressure. The team, which previously managed about $300 million in client assets, sought partnership with Concurrent for their high-touch advisor support and experience with breakaways.

“Concurrent stood out as a full-service partner with dedicated staff, resources, and strategic capital we can call on to create the business, service, and culture that we want,” Baland said. “We have heard from other offices that took the road to independence with Concurrent’s help, and we’re excited to be a part of an engaged and positive community of entrepreneurs.”

Old Town Advisors marks Concurrent’s first affiliate in New Mexico. The team’s deep roots in the region’s culture and community give them an edge in understanding the goals and financial needs of their clients.

“The best part of my job is when I get to see a team like Old Town Advisors show their clients the full potential of their expertise through independent financial advice,” said Concurrent Co-founder Nate Lenz. “David, Lia and Amanda are poised to thrive as entrepreneurs, and it has been a privilege to help them lay the groundwork for even more success to come.”

Concurrent has supported the breakaway team at Old Town Advisors after a quarter in which newly-independent advisors managing a total of nearly $1 billion of AUM have affiliated with Concurrent.

About Concurrent Advisors

Concurrent (joinconcurrent.com) is a strategic partner that empowers financial advisors as entrepreneurs to maximize the benefits of business ownership. Leveraging the Raymond James independent platform, Concurrent works with advisors to streamline the launch of their business, offloads middle office functions, and works collaboratively with them to achieve their goals.

Headquartered in Tampa, Concurrent was founded in 2016 and currently serves 145 advisors in 66 offices with $12.7 billion in assets under management (AUM) and more than $12 billion under advisement (as of 7/6/2022). Drawing upon their individual and unified strengths, our financial advisors leverage their collective scale to provide an attractive value proposition to both clients and other independent-minded advisors in a highly competitive and constantly evolving wealth management landscape.

Concurrent and its network of advisor teams are not registered broker/dealers or registered investment advisers. Concurrent’s network of financial advisors are registered representatives of Raymond James Financial Services, Inc.

About Raymond James Financial Services

Raymond James Financial Services, Inc. is a financial services firm supporting independent financial advisors nationwide. Since 1974, Raymond James Financial Services Inc., member FINRA/SIPC, has provided a wide range of investment and wealth planning related services through its affiliate, Raymond James & Associates, Inc., member New York Stock Exchange/SIPC. Both broker/dealers are wholly owned subsidiaries of Raymond James Financial, Inc. (NYSE-RJF) a leading diversified financial services company with approximately 8,700 financial advisors throughout the United States, Canada and overseas. Total client assets are $1.18 trillion. Investment advisory services offered through Raymond James Financial Services Advisors, Inc.