Stratos Completes Acquisition of 11 Partner Practices Totaling Approximately $4.8 Billion in Client Assets

BEACHWOOD, Ohio, May 14, 2026 — Stratos Wealth Holdings ("Stratos") today announced it has completed the acquisition of 11 partner practices ranging from sole practitioners to multi-advisor teams, representing approximately $4.8 billion in total client assets, as of Dec. 31, 2025. These transactions were in progress prior to SEI's strategic investment in the Stratos business1 and reflect Stratos' focus on strategic investments in partner advisory practices to support growth initiatives, enhance enterprise value, and establish a clear path for succession.

Stratos has pursued these acquisitions in response to a growing need among advisory practices for a more structured and scalable approach to long-term growth and transition planning. Rather than relying solely on traditional succession models, Stratos partners with advisors through aligned investments, providing access to expanded resources and operational support while enabling advisors to continue leading their practices with long-term strategic alignment.

"Advisors today are navigating increasing complexity, from evolving client expectations to technology demands and long-term continuity planning," said Jeff Concepcion, founder and CEO of Stratos. "We believe the traditional succession model is evolving, and advisors are increasingly looking for strategic partners that can provide scale, resources, and flexibility without sacrificing leadership of their businesses. SEI's strategic investment has helped accelerate our ability to support advisors while preserving the entrepreneurial culture that defines Stratos."

The 11 partner practices represent a diverse cross-section of the advisory landscape, including individual practitioners and multi-advisor teams. Each practice entered into a structured partnership with Stratos aligned around shared growth objectives, operational scale, and long-term planning.

Participating Practices

• Kowal Financial Services of Fairfax, Virginia
• Jamie Turk Holdings of Beachwood, Ohio
• Veritas Boston of Rockland, Massachusetts
• True North Wealth Partners of Dublin, Ohio
• Spain & Smith Wealth Advisors of Pepper Pike, Ohio
• Windsor Wealth Management of Gladwyne, Pennsylvania
• Pistone Wealth Advisors of Pepper Pike, Ohio
• Marquis Wealth Group of Tucson, Arizona
• PTM Financial of Chula Vista, California
• Stratos Private Wealth Westchester of Westchester, New York
• Stratos Private Wealth San Diego of San Diego, California

"Our focus is on building long-term alignment with select partner practices and helping them grow within a stronger operational framework," said Lou Camacho, President of Stratos Wealth Enterprises. "Through this approach, advisors retain leadership of their firms while gaining access to expanded infrastructure, operational capabilities, and strategic resources designed to support continuity and future enterprise value. Our partnership with SEI has enhanced our ability to continue evolving these capabilities over time."

Media Contact

Donald C. Cutler or Lorene Yue Haven Tower Group 424.317.4856 or 424.317.4854 [email protected] or [email protected]

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In December 2025, SEI (NASDAQ: SEIC) announced the completion of the first stage of its strategic investment in Stratos, a family of companies focused on supporting the success of financial advisors across business models and affiliation structures. Stratos' client service model, custodial relationships, and current offerings are strengthened by SEI's capabilities across technology, custody, operations, and asset management. Together, the companies share a long-standing commitment to advisor independence, choice, and flexibility.