Stratos Acquires Minority Stake in Veritas Boston

INVESTMENT MANAGEMENT DEALS BLOG

May 2, 2022

On April 12, 2022, Stratos Wealth Enterprises announced that it had acquired a majority stake in Veritas Boston Wealth Management.

Under the terms of the transaction, Stratos Wealth Enterprises (“Stratos”), a subsidiary of Stratos Wealth Holdings (“Stratos Holdings”), acquired a minority equity interest in Veritas Boston Wealth Management (“Veritas”). Following the closing, Stratos will control twenty-five percent (25%) of Veritas. Further terms of the deal were not disclosed.

Stratos, based in Beachwood, Ohio, is a Registered Investment Advisor. Collectively, Stratos Holdings companies have $23.3 billion in assets under advisement. Stratos is backed by Seward & Kissel client Emigrant Partners, LLC.

Veritas, based in Rockland, Massachusetts, is a wealth management firm serving clients in the Boston area. Veritas oversees $350 million in assets under management.

To read the press release: please click here.