Stratos Wealth Partners, a Stratos Wealth Holdings company and registered investment advisor that collectively oversees $18.61 billion in brokerage and advisory assets, has increased its minority equity stake in San Diego-based BWM Financial with $1.5 billion in advisory AUM.
Lou Camacho, COO of Stratos Wealth Holdings and President of Stratos Wealth Enterprises, said, "After making a strategic investment in BWM Financial two years ago, Stratos is excited to take our exclusive partnership with this exceptional firm to the next level, bringing our stake to 33 percent. This further investment allows us to accelerate growth in a firm that has reported some of the strongest results within our network."
BWM Financial, founded by Jeff Brown, has been serving high-net-worth clients, including high-performing business professionals and founders, since 1996, and specializes in intentions-driven financial planning. In 2021, the firm acquired leading wealth manager and Stratos-affiliated Truuwater Financial, also based in San Diego.
Regarding the deepening of ties with Stratos, Brown said, "We are very pleased with the outcome of our decision in 2015 to join this renowned network of financial advisors, which has resulted in the opportunity to scale, grow and increase our services to clients in Southern California. Following the strategic investment in 2020, BWM Financial's partnership with Stratos ultimately shattered all expectations and provided our team not only with the tools and solutions we needed on executive leadership and M&A fronts, but a true partner with shared values and goals."
