David Montgomery
Concurrent Investment Advisors LLC, a hybrid registered investment adviser, has created a new role of managing director of Retirement Plan Services to be filled by former OneDigital director David Montgomery.
In the new role, Montgomery will look to bolster Concurrent’s presence and growth in the employer-sponsored retirement plan space both organically and through acquisitions.
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Montogomery has nearly two decades of experience in retirement planning advisory services and was a 2023 PLANADVISER Top Retirement Plan Adviser. He co-founded a boutique 3(38) fiduciary firm specializing in customized retirement solutions and most recently served as director of retirement investment services at OneDigital.
“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,” Eddy Augsten, managing director of Investments at Concurrent, said in a statement.
With the addition of Montgomery, Concurrent announced it is set to deploy a “robust” acquisition strategy in the retirement space. The firm aims to integrate existing services, including Centralized Wealth Advisory Solutions, while expanding Concurrent Asset Management’s offerings.
In addition, Concurrent recently announced a partnership with TIFIN @Work, an AI-powered workplace growth platform, to provide more personalized workplace financial solutions. The collaboration combines TIFIN @Work’s AI-driven tools with Concurrent’s advisory services, designed to help employees to optimize their financial strategies, such as adjusting paycheck contributions and planning for long-term goals.
“We’re offering a solution that directly addresses the financial needs of the workplace, creating practical value for all involved,” Marc McDonough, CEO of TIFIN @Work, said in a statement.
Montgomery’s departure from OneDigital comes after adviser Jania Stout left earlier this year to lead Prime Capital’s retirement plan practice and financial wellness division. Another plan adviser, Joe DeBello, left the firm in April for CAPTRUST. Both were 2024 PLANADVISER Top Retirement Plan Advisers.
