Tampa-based Concurrent Investment Advisors has acquired Spire Investment Partners, adding roughly $5.4 billion in assets and more than 30 advisor teams as the wealth management platform grows from $16.8 billion in assets under management at the beginning of 2026 to $28.6 billion nine months later.
The Sept. 30 asset purchase is Concurrent’s first acquisition of another platform business at this scale, rather than another advisor team joining its network, and gives the Tampa firm a home-office presence in Northern Virginia. Terms were not disclosed.
Founded in 1997 and headquartered in McLean, Virginia, Spire built its business around independent financial advisors who own their practices and client relationships while relying on the firm for technology, operations and other infrastructure. More recently, the hybrid registered investment adviser began supporting third-party RIAs and developed an in-house succession program for affiliated firms.
That model closely resembles the one Concurrent has built, with centralized services, business consulting and access to growth capital supporting advisors who remain independent. Buying Spire allows Concurrent to bring an established national network onto that platform in a single transaction.
For Spire founder and CEO David Blisk, who has spent nearly three decades building the firm, finding a larger platform came down to what advisors were asking for as their businesses grew — better technology, more resources and deeper support without surrendering their independence.
“As we considered various options to continue to grow the firm, we heard loud and clear from our advisors that they wanted the technology and resources to keep driving their growth and relevance to their clients,” Blisk said. “All of this without giving up what makes them unique and maintains their independence.”
Under Concurrent, Spire advisors will retain their practices, brands and client relationships while gaining access to additional operational support, growth capital and succession resources. Concurrent CEO Nate Lenz said the firms’ shared approach to advisor ownership helped bring the deal together.
“Spire shares our belief that advisors work best when they have the freedom to run their own businesses and a fully integrated support system behind them,” Lenz said. “That philosophical alignment is what made this deal possible.”
The acquisition increases Concurrent’s assets under management by roughly 70% from the beginning of 2026 and extends its advisor footprint to 33 states. The company separately has another $18 billion in corporate retirement-plan assets under advisement.
Concurrent and Spire are now working through the transition, keeping client service in place as the Spire teams move onto Concurrent’s broader technology and support platform over time. Berkshire Global Advisors served as financial adviser to Spire, Seward & Kissel represented the firm and Katz Teller advised Concurrent.
Headquartered in Tampa and backed by Merchant Investment Management, Concurrent serves independent financial advisors through a traditional investment adviser representative channel and a platform-as-a-service model.