Nesvold Capital Makes Its Second RIA Deal

"Pure has distinguished itself as one of the fastest growing RIAs, both before and during the COVID-19 pandemic," according to Peter Nesvold, NCP's founder.

"The firm has built one of the best in-bound lead generation models the wealth management industry has seen," he said in a statement, adding: "This model has enabled Pure to flourish even during periods of extreme market volatility."

Nesvold, who previously served as COO of Silver Lane Advisors, "brings an outside perspective that should prove valuable as we continue to scale our business," according to Fenison.

Beachwood, Ohio-based Stratos Wealth Holdings, meanwhile, advises on more than $15 billion of client assets and includes Stratos Wealth Partners, Stratos Wealth Advisors, Stratos Wealth Management, Stratos Wealth Enterprises and Fundamentum.

Its national network includes 300 financial advisors and financial planning professionals in 87 offices throughout the U.S. Stratos. Nesvold joined Stratos' board as part of NCP's strategic investment.