Alston & Bird represented Stratos Wealth Holdings and its Stratos business, a family of companies focused on supporting the success of financial advisors, in securing a $527 million strategic growth investment from SEI, a global provider of financial technology, operations, and asset management services. The business partnership will enable Ohio-based Stratos to strengthen its national network of over 360 financial advisors and planning practitioners working in more than 26 states.
Representing Stratos was an Alston & Bird team led by partners Chris Frieden and Will Hooper. The team also included senior associate Caroline Dailey and associate Morgan Geurts (Financial Services); partners Ashley Gillihan and Blake MacKay, counsel Kerry Wenzel, and associate Dakota Sneed (Employee Benefits & Executive Compensation); partner Adam Biegel, counsel Abigail Cessna, and associate Drew Wilson (Antitrust); senior associate Dorian Simmons and associate Santi Villar (Technology); partner Brian Harvel (Federal & International Tax); partner Brett Coburn and senior associate Anna Saraie (Labor & Employment); and partner Dan Felz (Privacy, Cyber & Data Strategy).