Stratos Wealth Advisors, the fee-only registered investment advisor owned by Stratos Wealth Holdings, has added a second advisor team in Pepper Pike, Ohio, in as many weeks. This time, Pistone Wealth Advisors, led by President and CEO Karyn Pistone, is joining Stratos, bringing $120 million in client assets from Beacon Financial Advisory.
Pistone is joined by senior advisor Spencer Dieck, practice manager Linda Tekavec and advisor David Taucher. The team is based in Pepper Pike, just minutes from Stratos’s Beachwood, Ohio, headquarters. They will use Stratos Investment Management, an RIA and portfolio management subsidiary under the Stratos Wealth Holdings umbrella, for portfolio management.
“We joined Stratos because we saw a real opportunity for growth,” Pistone said in a statement. “Stratos has an incredible reputation throughout the Cleveland financial services community, and I’ve always enjoyed collaborating and working with their team. Their strategic investments in people and technology have positioned them to enable firms like ours to thrive in the future.”
Pistone and her team have served the Cleveland area for more than 30 years. The firm created Right Start, a financial planning tool for young professionals.
This follows news last week that Stratos brought on Spain & Smith Wealth Advisors, an advisor duo also in Pepper Pike, which manages more than $100 million in assets.
Stratos Wealth Advisors has grown to over $3.3 billion in advisory assets across 65 advisors. The firm has 82 home office staff and more than 30 locations across the United States.
Stratos Wealth Holdings comprises a handful of RIAs and a limited-purpose broker/dealer that reported overseeing close to $23 billion in collective assets in March 2023. Stratos Wealth Advisors is the firm’s pure RIA, while Stratos Wealth Partners is its hybrid RIA affiliated with LPL Financial. The company is minority owned by Emigrant Partners, which places total assets under advisement and management at more than $100 billion on its website.