Concurrent Investment Advisors Acquired Spire

The Tampa-based firm has expanded its footprint by acquiring the Virginia-based wealth manager Spire.

Updated on Oct. 1, 2026 in Financial Planning

Modern office atrium interior with glass architecture and clean lines, representing a professional corporate environment. — Concurrent Investment Advisors has acquired Spire Investment Partners in a deal that grows the firm's total assets under management to $28.6 billion. AI Illustration. Upload story photo >

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Tampa-based Concurrent Investment Advisors has acquired McLean, Virginia-founded Spire Investment Partners to integrate its 1099 independent contractor platform. The deal grows Concurrent's total assets under management to $28.6 billion.

Why it matters

The acquisition allows Concurrent to scale its operations by absorbing existing advisor platforms rather than recruiting individual teams. Spire advisors gain access to enhanced technology and resources, while Concurrent continues a broader strategy of RIA platform consolidation.

Concurrent now oversees $28.6 billion in total assets, including $18 billion in corporate retirement plan assets. The deal adds Spire's $5.4 billion in managed assets and its network of more than 30 advisor teams to Concurrent's footprint.

The players

Concurrent Investment Advisors

A Tampa-based firm that operates a 1099 independent contractor platform for wealth managers.

Spire Investment Partners

A wealth management firm founded in 1997 that supports more than 30 advisor teams.

Raymond James

A financial services firm that served as the parent organization for Concurrent before its 2022 breakaway.

BNY Pershing

A global financial services company that Concurrent added as a new custodian for its platform.

The details

Concurrent plans to establish a new office in Northern Virginia to maintain a local presence for the acquired team. As part of the transition, Spire employees and advisors will gain access to Concurrent equity after one year, with minority investment options for teams following onboarding.

Spire Investment Partners was founded in 1997.
Concurrent broke away from Raymond James in 2022.
Concurrent launched an external RIA minority investment program in 2025.
Concurrent managed $16.8 billion in assets at the start of 2026.
The acquisition of Spire was announced on October 1, 2026.

Market Landscape

This move follows Concurrent's 2022 breakaway from Raymond James and its subsequent launch of an external RIA minority investment program. By acquiring entire platforms like Spire, Concurrent is positioning itself to compete more aggressively in the consolidated independent wealth management sector.

Clients of the acquired Spire advisor teams will see their firm move onto the Concurrent platform, which provides new technology and custody through BNY Pershing. The integration aims to offer these advisors increased resources to manage client wealth more efficiently.

The takeaway

The firm is shifting its growth model to acquire established platforms rather than small teams. Advisors in the sector should expect continued consolidation as larger platforms seek to capture scale through these types of acquisitions.