Stratos
Stratos Wealth Partners operates a multi-affiliation RIA platform serving 350-plus independent financial advisors across 29 states with more than $37 billion in client assets, and is majority-owned by SEI Investments following a December 2025 strategic investment.
- Company typePrivate
- Founded2008
- HeadquartersBeachwood, United States
- Headcount251–500
- GTM typeB2B
- OfferingServices
What Stratos does
Stratos Wealth Partners is a Beachwood, Ohio-based registered investment advisor founded in November 2008 by Jeffrey Concepcion to provide independent financial advisors with an alternative affiliation platform to traditional brokerage firms. The company operates a family of SEC-registered advisory entities (Stratos Wealth Partners, Stratos Wealth Advisors, Stratos Investment Management, Stratos Wealth Management, and Stratos Wealth Enterprises), offering Hybrid RIA, RIA-only, and merger/acquisition affiliation models for advisors across the United States.
The platform provides affiliated advisors with a comprehensive technology and operational stack including a 24/7/365 helpdesk, transitions support (60 days post-resignation), compliance and supervision services, practice management consulting, RIA advisory operations, financial planning, marketing consulting, real estate assistance, and a centralized data lake that integrates custody (Fidelity, Schwab, LPL, TD Ameritrade), CRM, portfolio management (Orion, Black Diamond, Advyzon), financial planning (eMoney, MoneyGuide, RightCapital), and marketing automation (HubSpot, Salesforce) systems. The network serves more than 350 financial advisors across 29 states and 100+ locations, advising and servicing more than $37 billion in client assets.
Stratos generates revenue primarily through advisory and management fees tied to assets under advisement and brokerage transaction revenue via LPL Financial on approximately $10.3 billion in brokerage and third-party managed assets. In December 2025, SEI Investments (NASDAQ:SEIC) completed the first stage of a strategic investment, acquiring a 57.5% majority stake in a newly formed entity for approximately $527 million in cash consideration, with the founder-CEO and legacy equity holders retaining 42.5% subject to put/call rights. Stratos continues to operate under its brand as an affiliated business of SEI, and in May 2026 completed the acquisition of 11 partner practices representing approximately $4.8 billion in client assets.
Stratos firmographics
Firmographics- Name
- Stratos
- Legal name
- Stratos Wealth Partners, Ltd.
- Website
- https://stratoswealth.com
- Company type
- Private
- Founded year
- 2008
- Operating status
- Operating
- Headcount range
- 251–500 employees
- Short description
- Stratos Wealth Partners operates a multi-affiliation RIA platform serving 350-plus independent financial advisors across 29 states with more than $37 billion in client assets, and is majority-owned by SEI Investments following a December 2025 strategic investment.
- Ownership category
- akta.pro rank
Stratos industry classification
Industry- Product category
- Wealth Management Services
- NAICS
- Portfolio Management and Investment Advice (523940), Portfolio Management and Investment Advice (52394)
- SIC
- Investment Advice (6282)
- akta.pro primary industry
- Institutional Consulting RIAs (OCIO/Endowments/Foundations/Pensions) (FSAAACAG)
- akta.pro secondary industry
- Employer Retirement Plan Advisory (401(k)/Pension) (FSAEABAE)
Keywords
Where Stratos is headquartered
LocationHeadquarters
- HQ city
- Beachwood
- HQ country
- United States
- HQ region
- North America
Offices4 records
Markets served
Stratos business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Technology or R&D, Operations, Marketing or Sales, Infrastructure
Revenue model
- Advisory/Management Fees: Stratos generates revenue through advisory fees based on assets under management (AUM) across its network of affiliated advisors. The company manages over $37 billion in client assets through its family of companies including Stratos Wealth Partners, Stratos Wealth Advisors, Stratos Wealth Management, and Stratos Investment Management.
- Brokerage Transaction Revenue: Revenue from brokerage services through LPL Financial platform, advising on brokerage and third-party managed assets. Stratos advisors service approximately $10.3 billion in brokerage and third-party managed assets.
Go-to-market motion2 records
Distribution channels3 records
Marketing channels5 records
Stratos product offering
Product offeringCore offering
Stratos is a family of wealth management companies (Stratos Wealth Partners, Stratos Wealth Advisors, Stratos Investment Management, Stratos Wealth Management, and Stratos Wealth Enterprises) that provides independent financial advisors with multiple affiliation models (Hybrid RIA and RIA-Only), custodial access through LPL Financial, Fidelity, Schwab, and TD Ameritrade, and comprehensive back-office support including technology, compliance, supervision, transitions, practice management, M&A/succession planning, and financial planning services. The firm services over $37 billion in client assets across more than 350 affiliated advisors in 29 states.
Product overview
Stratos is a family of companies (Stratos Wealth Partners, Stratos Wealth Advisors, Stratos Investment Management, Stratos Wealth Management, and Stratos Wealth Enterprises) offering multiple affiliation models including Hybrid RIA and RIA-Only options. The platform supports independent financial advisors with custody through Fidelity, Schwab, TD Ameritrade, and LPL Financial. Services include practice management consulting, operations, technology, compliance, M&A/succession planning, and financial planning. Advisors service over $37 billion in client assets across more than 350 advisors in 29 states. The core differentiator is providing infrastructure and resources while preserving advisor independence.
Differentiator
Problem solved
Functional benefit
Brands
- Twenty Four Wealth: Wealth management practice affiliated with Stratos Wealth Partners, operating on Stratos' hybrid platform associated with LPL Financial. Expanded nationwide presence to $1.1B+ in AUM through acquisition of Alpha Beta Gamma Wealth Management.
- Stratos Private Wealth
- Stratos Wealth Network
Products and services
- Stratos Wealth Partners
Quantifiable outcome
- Over $37 billion in client assets advised and serviced through the network
- +3 more outcomes
Companies that use Stratos
Customer profileNamed customers14 records
Segments3 records
Ideal customer profiles2 records
Stratos technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Integration4 records
Feature4 records
Stratos partnerships and signals
Strategic signalPartnerships
Seven partnerships are on record, tiered minor and core.
- Alston & Bird LLPminorServed as legal counsel to Stratos in the SEI strategic investment transaction.
- Holland & KnightminorServed as legal counsel to SEI in the strategic investment transaction.
- Green Sail PartnersminorBased in Boston, MA, served as advisors to Twenty Four Wealth's acquisition of Alpha Beta Gamma Wealth Management, marking their second transaction completed with Twenty Four Wealth.
- LPL FinancialcorePrimary custodial partner providing brokerage platform for Stratos advisors. Securities offered through LPL Financial, member FINRA/SIPC. Stratos advisors advise through LPL Financial on over $10 billion in brokerage and third-party managed assets.
- Fidelity InvestmentsminorCustodial services provider for RIA operations alongside LPL Financial, Charles Schwab, and TD Ameritrade.
- Charles SchwabminorCustodial services provider for RIA operations alongside Fidelity, LPL Financial, and TD Ameritrade.
- TD AmeritrademinorCustodial services provider for RIA operations alongside Fidelity, LPL Financial, and Charles Schwab.
Scale indicators10 records
Recent moves7 records
Expansion highlights6 records
Stratos competitors and assessment
Company assessmentBroad incumbents
- LPL Financial: LPL is Stratos's primary custodial and brokerage partner (servicing ~$10.3B in assets) and also operates a large independent-advisor platform of its own. As a broad incumbent, LPL is both a critical infrastructure provider and a competitor for breakaway advisors.
Direct peers
- Carson Group: Carson Group is an independent advisor platform providing technology, practice management, and back-office support to affiliated advisors. Stratos's 24/7 helpdesk, transitions, and practice consulting services closely parallel Carson's offering.
- Sanctuary Wealth: Sanctuary is an independent wealth platform partnering with breakaway advisors and ultra-HNW teams across the U.S. Stratos's Stratos Private Wealth initiative and advisor-affiliation model are directly comparable to Sanctuary's go-to-market approach.
- Focus Financial Partners: Focus Financial is one of the largest independent RIA partnership platforms in the U.S., with a similar model of affiliating with breakaway advisors and acquiring practices. Stratos's M&A-led growth and advisor affiliation structure closely mirror Focus's playbook.
- Kestra Financial: Kestra Financial is an independent wealth-management platform offering hybrid and RIA-only affiliation models to advisors. Stratos's Hybrid RIA and RIA-only options are direct competitive equivalents in the breakaway-advisor recruiting market.
- Cetera Financial Group: Cetera is a leading independent broker-dealer and RIA platform supporting thousands of financial advisors through multiple affiliation models. Stratos competes directly with Cetera for the same breakaway-advisor and practice-acquisition opportunities.
- Hightower Advisors: Hightower is a national RIA partnership platform that recruits breakaway advisors and provides them with compliance, technology, and M&A support. Stratos's recently hired COO Charis Jones came from Hightower, underscoring the very similar affiliation-model approach and target advisor base.
- Mariner Wealth Advisors: Mariner is a national wealth advisory firm combining direct advisor teams, an RIA platform, and M&A-driven expansion. Like Stratos, it emphasizes HNW wealth management, advisor partnerships, and a multi-state footprint.
- Cambridge Investment Research: Cambridge is one of the largest independent broker-dealers in the U.S., offering hybrid and RIA affiliation models similar to Stratos Wealth Partners. The firms compete directly for the same independent-advisor segment.
Emerging players
- Creative Planning: Creative Planning is a large, fast-growing RIA combining organic advisor growth with selective acquisitions. It overlaps with Stratos in the HNW wealth-management category and competes for both clients and advisor talent, though it is primarily a direct RIA rather than a partnership platform.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat6 records
Key risks6 records
Key highlights6 records
Customer concentration
Stratos social profiles
Digital presenceStratos compliance and trust
Trust signalCompliance1 record
Stratos financial estimates
Financial estimateRevenue estimate
Valuation estimate
Stratos leadership team
Management profileNumber of profiles
Profiles27 records
Stratos subsidiaries and ownership
Company hierarchySubsidiaries7 records
Stratos funding detail
Funding detailFunding overview
Funding rounds1 record
Investors1 record
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Stratos M&A and investment
M&A and investmentM&A7 records
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Stratos
What does Stratos do?
Stratos is a family of wealth management companies (Stratos Wealth Partners, Stratos Wealth Advisors, Stratos Investment Management, Stratos Wealth Management, and Stratos Wealth Enterprises) that provides independent financial advisors with multiple affiliation models (Hybrid RIA and RIA-Only), custodial access through LPL Financial, Fidelity, Schwab, and TD Ameritrade, and comprehensive back-office support including technology, compliance, supervision, transitions, practice management, M&A/succession planning, and financial planning services. The firm services over $37 billion in client assets across more than 350 affiliated advisors in 29 states.
Is Stratos a public or private company?
Stratos is a private company. It is classified as corporate owned and is currently operating.
When was Stratos founded?
Stratos was founded in 2008. It employs 251 to 500 people.
Where is Stratos based?
Stratos is headquartered in Beachwood, United States, in the North America region.
How does Stratos make money?
Two revenue lines are on record. Advisory/Management Fees are the primary driver. The others are brokerage Transaction Revenue.
Who are Stratos's main competitors?
LPL Financial is listed as a broad incumbent. Direct peers are Carson Group, Sanctuary Wealth, Focus Financial Partners, Kestra Financial, Cetera Financial Group, Hightower Advisors, Mariner Wealth Advisors and Cambridge Investment Research. Creative Planning is listed as an emerging player.
Does Stratos have an API?
No public API is recorded for Stratos.
What industry is Stratos in?
Stratos's product category is Wealth Management Services. Its primary akta.pro industry code is FSAAACAG, Institutional Consulting RIAs (OCIO/Endowments/Foundations/Pensions), with a secondary code of FSAEABAE, Employer Retirement Plan Advisory (401(k)/Pension). Its NAICS code is 523940 and its SIC code is 6282.