Concurrent Investment Advisors Onboards The Wealth Stewards

Concurrent Acquires WealthEngage Advisory Team

May 19, 2020

Financial Services

Concurrent, an advisor-owned partnership affiliated with Raymond James, has acquired the WealthEngage advisory team led by founder Eddy Augsten. Eddy Augsten and Andrew Gartrell will join Concurrent in senior roles to support practice management and accelerate growth for independent advisors.

Concurrent Investment Advisors Acquires Next Retirement Solutions

December 12, 2025

Wealth Management

Concurrent Investment Advisors completed the full acquisition of Next Retirement Solutions, a retirement-advisory practice overseeing roughly $10 billion in plan assets and about 150,000 plan participants. The deal brings Next Retirement’s retirement-plan capabilities in-house as Concurrent expands its retirement services and organic growth channels.

Mercer Advisors Acquires Steward Wealth Management, LLC

August 2, 2023

Wealth Management

Mercer Global Advisors, Inc. (Mercer Advisors) has acquired Colleyville, Texas-based Steward Wealth Management, LLC, an RIA managing approximately $680 million in client assets across ~340 clients. The deal brings Steward’s advisory team into Mercer’s Texas footprint as an add-on to its PE-backed wealth management platform owned by Oak Hill Capital and Genstar Capital.

Steward Partners Acquires Consilium Wealth Management

July 2, 2025

Financial Services

Steward Partners acquired Consilium Wealth Management, onboarding Partner John H. Seo and his nearly ten-member team and adding approximately $1.1 billion in client assets to Steward's Legacy Division. The deal deepens Steward Partners' presence in Northern California and expands its Bay Area footprint while providing succession and continuity support for the Consilium team and clients.

Mercer Advisors Acquires Convergent Wealth Management, LLC

March 31, 2022

Financial Services

Mercer Global Advisors, Inc. (Mercer Advisors) has acquired Convergent Wealth Management, LLC, a Chesterfield, Missouri-based wealth management firm with approximately $130 million in AUM. The deal brings Convergent's entire team into Mercer as part of Mercer’s strategy to expand its Central U.S. presence and provide succession options for Convergent's founders.

Arax Investment Partners Adds U.S. Capital Wealth Advisors to Platform

April 11, 2024

Wealth Management

Arax Investment Partners, a RedBird Capital Partners-backed wealth management platform, has added U.S. Capital Wealth Advisors (USCWA), a Houston-based hybrid wealth management firm managing about $9 billion in AUM and ~62 advisors, to its multi-boutique platform. The deal expands Arax's scale and capabilities in Texas and nationally, while USCWA will retain its branding and advisor-facing operations as part of the Arax network.