At 25, Nate Lenz was the youngest vice president at Raymond James Financial Services, where he led the succession planning and acquisition team and helped recruit financial advisers from large, full-service brokers, providing them with the support they needed to grow their own businesses independently. That work helped shape his vision for Concurrent, which he co-founded in 2016 in Tampa, Florida, to build a better business model for advisers looking to go it alone. “Concurrent is a service provider to advisors that helps them make the jump to independence,” Lenz said.
Leveraging the Raymond James platform, Concurrent provides independent advisers with a slew of support services, including transition support, legal, accounting, HR, compliance, marketing and practice management, aimed at helping them maximize the benefits inherent to business ownership. “We help them become independent, and then we help them compete,” said Lenz. Currently, Concurrent’s 32 employees serve 78 teams managing more than $13 billion in client assets.
When Lenz isn’t helping others build their businesses, he’s encouraging young people to consider working in finance. Concurrent offers two internships, and Lenz returns regularly to Clearwater Central Catholic High School, his alma mater, to tell students about how right there, in economics class, playing a stock market game, he found his passion for his own career.
— Kate Silver