View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. News
March 16, 2022

Stratos Wealth picks minority stake in Georgia-based wealth manager

Stratos Wealth Enterprises has decided to acquire a 25% stake in financial advisor Robert Patti’s wealth management firm to firm up its presence in the US state of Georgia.

Free Report
img

Analyze opportunies within the wealth management market in APAC

GlobalData’s ‘Asia-Pacific Wealth Management: Market Sizing and Opportunities to 2026’ report provides a comprehensive overview of the Asia-Pacific (APAC) wealth management market.
  • The report analyzes the APAC wealth and retail savings and investments markets. This includes affluent market size, both by number of individuals and the value of their liquid assets.
  • The affluent population grew by 5.3% in 2021 and is expected to grow at an AAGR of 4.8% between 2022 and 2026.
  • The value of liquid assets held by the affluent segment surged by 8.4% in 2021, backed by economic recovery. HNW individuals’ financial wealth grew by 12%, while mass affluent individuals’ wealth grew by 6.0%.
  • The report provides an analysis of factors driving liquid asset growth. It is also split into asset classes - equities, mutual funds, deposits, and bonds.
  • The affluent population are more risk-tolerant and invest a significant proportion of their investments in risky assets such as equities, compared to emerging affluent and mass market individuals.
The report also provides data and insights on the size of offshore holding of HNW investors in the APAC region.
by GlobalData
Enter your details here to receive your free Report.

Patti, who joined Stratos Wealth Partners as an independent advisor in 2013, managed approximately $280m in advisory assets as of 31 December 2021.

The Georgia-based wealth manager has been serving clients for over two decades. He specialises in asset management, financial planning, and estate planning for affluent and ultra-affluent clients individuals, foundations, and endowments.

Last year, he was named to Forbes’ Best-in-State Wealth Advisors list.

Lou Camacho, COO of Stratos Wealth Holdings and president of Stratos Wealth Enterprises, said: “Rob’s approach to financial planning, providing all his clients with custom-tailored strategies, has supported his significant growth over the past several years.

“Stratos’ 25% minority stake in Rob’s firm is the first of its kind in the Greater Atlanta area, and as his equity partner, we look forward to amplifying his strengths as an advisor.”

Collectively, Stratos companies managed $23.3bn in advisory assets at the end of December 2021. 

Commenting on the deal, Patti said, “Stratos has transformed our business and enabled us to retain our independence, while allowing our team to gain access to critical resources and expertise that has fueled our growth.

“This strategic investment will give our firm an even greater advantage in the independent space in the form of new growth capital, fresh ideas, and a renewed partnership with a leader in the wealth management space. We look forward to the next phase of growth and success.”

Stratos Wealth Partners founder and CEO Jeff Concepcion said: “There is no better example of growth than the business Rob has built over the years for his clients.

“We are excited to strengthen our support for one of the most outstanding professionals serving his community today.”

Free Report
img

Analyze opportunies within the wealth management market in APAC

GlobalData’s ‘Asia-Pacific Wealth Management: Market Sizing and Opportunities to 2026’ report provides a comprehensive overview of the Asia-Pacific (APAC) wealth management market.
  • The report analyzes the APAC wealth and retail savings and investments markets. This includes affluent market size, both by number of individuals and the value of their liquid assets.
  • The affluent population grew by 5.3% in 2021 and is expected to grow at an AAGR of 4.8% between 2022 and 2026.
  • The value of liquid assets held by the affluent segment surged by 8.4% in 2021, backed by economic recovery. HNW individuals’ financial wealth grew by 12%, while mass affluent individuals’ wealth grew by 6.0%.
  • The report provides an analysis of factors driving liquid asset growth. It is also split into asset classes - equities, mutual funds, deposits, and bonds.
  • The affluent population are more risk-tolerant and invest a significant proportion of their investments in risky assets such as equities, compared to emerging affluent and mass market individuals.
The report also provides data and insights on the size of offshore holding of HNW investors in the APAC region.
by GlobalData
Enter your details here to receive your free Report.

NEWSLETTER Sign up Tick the boxes of the newsletters you would like to receive. A weekly roundup of the latest news and analysis, sent every Wednesday. The industry's most comprehensive news and information delivered every month.
I consent to GlobalData UK Limited collecting my details provided via this form in accordance with the Privacy Policy
SUBSCRIBED

THANK YOU

Thank you for subscribing to Private Banker International