Stratos Wealth Advisors (Stratos), a division of Stratos Wealth Holdings, has effectively integrated Spain & Smith of Pepper Pike, Ohio, into its platform.
The firm, led by industry veteran Henry Hank Spain, managing director and senior portfolio manager, and assisted by Dayna Smith, wealth adviser, manages over $100m in assets under management (AUM).
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Through the creation of a long-term financial wellness programme designed to help clients achieve their objectives, Spain & Smith assists customers in gaining a better understanding of their finances.
To assist customers with financial, retirement, social security, tax, estate, philanthropic, and educational planning, wealth management, and risk management needs, the team employs a trust-based methodology.
Spain stated: “As we examined how we wanted to expand in the future, we felt working with Stratos would be the best path to achieving our goals. Stratos’ reputation is strong in Cleveland and around the country, and I know their team will help us fully utilise the technological and practice management solutions they offer allowing us to take our firm and clients forward.”
Jeff Concepcion, founder and CEO of Stratos Wealth Partners, added: “I’ve known Hank for years and have a deep respect for his approach to client service. I’m thrilled Hank and Dayna have joined us as they continue to grow their business by taking advantage of Stratos’ scale and scope to enhance the way they support their clients.”
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By GlobalDataFurthermore, earlier last month, Stratos Private Wealth, rebranded two of its associated practises by increasing its market share in two important areas.
Heald Financial Advisers in Marlton, New Jersey, will be rebranded Stratos Private Wealth – South Jersey, while Claricity Wealth & Planning in Westchester, New York, will be become Stratos Private Wealth.
Jeff Brown, the president, and founder of Stratos Private Wealth expressed: “The increased demand for high-net-worth, ultra-high-net-worth and family office support underscores the importance of developing a unified approach to this market segment, and I’m thrilled to welcome the South Jersey and Westchester teams to Stratos Private Wealth.”
