RIABiz: Schwab wins $350-million Philly RIA from Wells Fargo Profit-Formula program with Dynasty Financial’s help

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The Main Line Strids set the stage for a succession plan and a new round of growth from a King of Prussia perch – RIABiz
MILL VALLEY CA, – February 20th, 2014 – The Strid Wealth Management Group has broken away from Wells Fargo Financial Advisors and brought its assets to Schwab Advisor Services .

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Leading Philadelphia-Based Wealth Management Team Launches Concentus Wealth Advisors as an Independent Advisory Firm

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Multi-Generational Strid Family Has Deep Ties To Community

NEW YORK, NY – February 20th, 2014 – Dynasty Financial Partners today announced its partnership with Concentus Wealth Advisors, the most recent independent investment advisory firm to leverage Dynasty Financial Partners’ industry-leading platform of integrated wealth management services and technology.  The team is joining from Wells Fargo Advisors and was formerly known as Strid Wealth Management Group.

The Concentus Wealth Advisors team consists of the following financial professionals all joining from Well Fargo Advisors:

  • Erik O. Strid, CFP®, ChFC,  – Principal
  • Gerald “Zeke” Strid – Principal
  • Paul F. Strid – Principal
  • Nathan J. Hayward, CFP®, MBA – Director
  • Thomas J. Greco, MBA – Director

“Concentus Wealth Advisors was built around our desire to deliver independent, integrated and comprehensive wealth management advice and planning solutions to the families we serve. Our clients are notable for their expertise at creating and accumulating wealth. They’re dedicated to building businesses, raising families, shaping communities and creating lasting, meaningful legacies,” said Erik Strid, Principal of Concentus Wealth Advisors.  “We built this family business with the mission to help these families manage the complexity and responsibility of their wealth. We are looking forward to significantly growing our business as an independent RIA.”

The company will access Dynasty’s groundbreaking investment platform, which integrates industry-leading proprietary research from Wilshire Associates and Callan Associates and Envestnet’s state-of-the-art portfolio tools and reporting technology.  Charles Schwab will provide clearing and custody services.

“The Concentus Wealth Advisors team consists of extraordinary investment advisors who have built a remarkably successful family-based business with a deep connection to their community.  With their newly launched firm, we expect they will have even greater success,” said Shirl Penney, President and CEO of Dynasty Financial Partners.  “Dynasty is excited to partner with Erik and Paul Strid and their team, and we are proud to add them to our Network of truly independent advisors.”

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