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Stratos Wealth Enterprises Acquires Minority Equity Stake In Boston-Based Wealth Management Firm With $350 Million In Aum

Stratos Wealth Enterprises Acquires Minority Equity Stake In Boston-Based Wealth Management Firm With $350 Million In Aum

04/12/22, 10:01 AM
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Stratos Wealth Enterprises, a Stratos Wealth Holdings ("Stratos") company, announced today that it will make a strategic investment in Rockland, Massachusetts-based wealth management firm Veritas Boston Wealth Management. Managing partners Mark Roman and Frank Perfetuo lead the nine-person firm, which oversees about $350 million in assets under management through Stratos Wealth Advisors. The Stratos family of companies collectively oversees $23.3 billion in AUM/AUA as of December 31, 2021.

Company Info

Company
Stratos Wealth Holdings
Company info
Stratos Wealth Holdings is a family of companies focused on supporting the growth and success of financial advisors across business models and affiliation structures. Stratos companies include Stratos Wealth Partners, Stratos Wealth Advisors, Stratos Wealth Enterprises, and Fundamentum. Stratos includes a national network of over 350 experienced financial advisors and financial planning practitioners working across 26 states throughout the country. Stratos Wealth Partners, Ltd., an SEC Registered Investment Advisor, manages over $10.33 billion in advisory assets, and advises through LPL Financial, over $8.28 billion in brokerage and third party managed assets for a total of $18.61 billion as of December 31, 2021. Fundamentum, LLC, an SEC Registered Investment Advisor, manages over $1.25 billion in advisory assets as of December 31, 2021. Stratos Wealth Advisors, LLC, an SEC Registered Investment Advisor, manages over $2.59 billion in advisory assets as of December 31, 2021. Stratos Wealth Management DBA LPL Financial, an SEC Registered Investment Advisor, manages over $451 million in advisory assets, and advises through LPL Financial, over $382 million in brokerage and third party managed assets for a total of $833 million as of December 31, 2021. All entities listed are separate from and unaffiliated with LPL Financial. Media Contact: Kevin Elvington (440) 505-5608 stratoswealthpartners.com kelvington@stratoswp.com Related Links http://www.stratoswealthpartners.com/ SOURCE Stratos Wealth Partners