Stratos Acquires Minority Stake in BWM

INVESTMENT MANAGEMENT DEALS BLOG

March 9, 2022

On February 23, 2022, Stratos Wealth Enterprises announced it acquired a minority stake in BWM Financial.

Under the terms of the transaction, Stratos Wealth Enterprises (“Stratos”), part of Stratos Wealth Holdings (“Stratos Holdings”), purchased a minority stake in BWM Financial (“BWM”). Terms of the deal were not disclosed.

Stratos Holdings, based in Ohio, is a family of companies focused on supporting financial advisors across affiliation structures and business models. Stratos Holdings includes Stratos Wealth Partners Ltd., Stratos Wealth Advisors, LLC, Fundamentum, LLC, and Stratos Wealth Management, which respectively held $18.61 billion, $2.59 billion, $1.25 billion, and $833 million in assets under management as of December 31, 2021.

BWM, based in San Diego, California is a wealth management firm providing services to high-net-worth clients, including business professionals and founders.

To read the press release: please click here.