Hybrid registered investment advisor (RIA) Concurrent Investment Advisors, LLC has added David Montgomery to lead the firm’s retirement division.
In his new role as managing director of Retirement Plan Services, Montgomery will focus on delivering greater value to retirement plan advisors and their clients.
Montgomery joins Concurrent with nearly two decades of experience in retirement planning advisory services. He served as co-founder of a boutique 3(38) fiduciary firm specializing in tailored retirement solutions, and most recently, as director of Retirement Investment Services at OneDigital.
“Our dedicated retirement division further advances Concurrent’s support of advisors, unifying all our offerings in a thoughtful manner for the benefit of the advisors and their clients,” said Eddy Augsten, managing director of Investments at Concurrent. “David’s expansive expertise in outsourced investments will be key to fulfilling our goal of offering advisors intentional support to grow their practices and strengthen their client relationships.”
With the retirement division in place, Concurrent says it is “well-positioned” to grow its offerings. This includes an acquisition strategy in the retirement sector with Centralized Wealth Advisory Solutions (CWAS) and expanding Concurrent Asset Management’s solutions.
Additionally, Concurrent announced a partnership with the TIFIN @Work, an AI-powered platform, to support the growth of the retirement plan business and enhance the quality of service provided.
“I’m honored to join Concurrent and build a retirement platform that empowers advisors to focus on making a meaningful and lasting impact for their clients,” added Montgomery. “By providing the tools and resources advisors need to reduce daily obstacles, we can enhance outcomes for plan sponsors, participants, and their families, creating a ripple effect of financial wellness that spans generations.”
“At Concurrent, we are continuously seeking ways to broaden our reach, bringing sound advice to individuals and institutions. David’s career exemplifies that same dedication,” said Nate Lenz, CEO and co-founder of Concurrent. “Under his leadership, our retirement division is poised to drive thoughtful growth and provide invaluable support to our advisors as they elevate their practices and client outcomes.”
Montgomery’s parting from OneDigital comes just a month after Jania Stout departed the firm to head Prime Capital’s retirement plan consulting business. “It’s not about what I am leaving but about where I am going,” Stout told 401(k) Specialist at the time. “I will always love my clients and my team at OneDigital. They know this is a great move for me to keep growing personally.”
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Amanda Umpierrez is the Managing Editor of 401(k) Specialist magazine. She is a financial services reporter with over six years of experience and a passion for telling stories and reporting news. Amanda received her degree in journalism and government and politics at St. John’s University. She is originally from Queens, New York, but now resides in Denver, Colorado with her partner. In her free time, Amanda enjoys running, cooking, and watching the latest drama show.
