Wall Street Journal profiles Gerald Strid: Why One Wall Street Broker Declared His Independence

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Writing for the Wall Street Journal, Norb Vonnegut profiles Gerald “Zeke” Strid, co-founder and patriarch of Concentus Wealth Advisors.

Why One Wall Street Broker Declared His Independence

The promise of control & flexibility lured wirehouse veteran Gerald Strid to launch his own shop in 2014

In 2014, Gerald Strid co-founded Concentus Wealth Advisors with his sons and, like so many others, became a breakaway.

Yet unlike so many others, Mr. Strid made the move at the age of 70. He is now in his 48th year as a wealth manager, and his King of Prussia, Pa., firm manages $420 million in assets.

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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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