Adjusted for Risk: Concurrent CEO on Nextgen Advisors, AI
Recorded live at Wealth Management EDGE, host Ryan Nauman welcomes Nate Lenz, co-founder and CEO of Concurrent, to discuss shifts in wealth management and the rise of NextGen advisors.
Lenz explains Concurrent’s platform model supporting independent wealth managers by handling middle and back office functions while preserving advisor autonomy, and highlights growth to supporting over 90 firms, plus newer RIA Capital Partners and Platform-as-a-Service offerings.
They discuss the aging advisor workforce amid rising demand for advice, AI as a productivity and entrepreneurship enabler rather than a job threat, and the increasing importance of human relationships as some services become commoditized. Lenz shares findings on nextgen expectations—mentorship and clear career paths over remote work—and describes Concurrent’s campus recruiting, internship program, training curriculum, and 18-month operational rotation.
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Learn more about Concurrent here.
00:00 Podcast Welcome
00:33 Live From Edge
01:35 Meet Nate Lenz
02:01 Concurrent Platform
03:07 Advisor Talent Crunch
06:01 AI Opportunity Debate
08:44 AI Boosts Productivity
10:27 Human Element Matters
12:14 Next Gen Expectations
13:48 Internships Recruiting
16:23 Training Rotation Paths
18:22 Attracting Young Advisors
20:49 Wrap Up And Links
