During 2016, Steward Partners introduced several additional features and new partnerships. Earlier in the year the firm announced the launch of its own Registered Investment Advisor, Steward Partners Investment Advisory and also announced a new partnership with Universal Insurance Services to offer high level insurance solutions to ultra-high net worth families and executives. Steward Partners now has 90 partners in eight locations and has recruited close to $5 billion in assets and nearly $35 million in revenue since its official launch in late 2013.
"This has been a highly rewarding year for Steward Partners and we want to thank all of our partners for helping us with our success," says Steward Partners CEO, Jim Gold. "We feel our model is gaining popularity as much, if not more because of the quality of people who join, than the opportunities that exist within Steward Partners. When you see the best and the brightest local advisors move to a company nearly every month, you need to take a closer look at what is attracting them. We have collectively enjoyed this year's growth and look forward to an even healthier 2017."
Bethesda Maryland Team Reunites with Former Colleague
Former Morgan Stanley advisor Kafetz joins Friedman and Wong at Steward Partners in Bethesda, Maryland. Friedman and Wong oversee nearly $150 million in client assets, and produced more than $1.3 million in annual revenue at Steward Partners. Jeff Gonyo, Divisional President of Steward Partners Global Advisory said, "The formation of this team here in Bethesda allows all three advisors to complement each other's talents and skillsets. It's also the perfect opportunity for Sandy to make this his legacy move in about three years."
Kafetz adds, "Rodger and Joe are highly respected advisors in the local area and, like them, I want to be a part of something special at Steward Partners. Ultimately, I want to assure my clients that they will be taken care of in the long term well beyond my own retirement. I looked long and hard to find the right local talent to make this part of my continuity plan. Rodger and Joe were the perfect solution and Steward made it easy for us to reunite."
Steward Partners offers succession plan opportunities to advisors and teams looking to retire from the business. In many cases, advisors want to ensure clients that their plans, goals and objectives will be continually addressed long after their own personal retirement. Adding local talent and building a team model to address the longevity concerns of a sole practitioner has become more of concern and requires greater attention than ever before. Steward Partners has a process and embedded teams of advisors with infrastructure to accommodate this recent industry phenomenon.
Looking Ahead to 2017
"We have plans to continue to grow, but also evolve as a company," says Steward Partners President and Chief Operating Officer, Hy Saporta. "We know the world is changing and the needs of our partners and their clients are as well. We love that our advisors have a voice in our firm and it's the only way the partnership can truly outperform."
"We built something everyone can appreciate," says Steward Partners Chairman, Michael Maurer. "When we say we have a 'culture of caring' here at Steward, it's not just words to us. We believe we are here for each other and because of each other. The firm that exists today is even better than what I envisioned it would be just three short years ago. We are fortunate to be surrounded by an amazing group of partners."
About Steward Partners Global Advisory
Headquartered in Washington, DC, with additional offices in Keene, Portsmouth and Manchester, NH, Albany, NY, Andover, MA, Bethesda, MD and New York City, Steward Partners Global Advisory, LLC is an employee owned, full service independent partnership catering to family, institutional and multi-generational wealth.
For more information, visit us at www.stewardpartners.com.
About Raymond James Financial Services, Inc.
Raymond James Financial Services, Inc. is a financial services firm supporting more than 3,700 independent financial advisors nationwide. Since 1974, Raymond James Financial Services Inc., member FINRA/SIPC, has provided a wide range of investment and wealth planning related services through its affiliate, Raymond James & Associates, Inc., member New York Stock Exchange/SIPC. Both broker/dealers are wholly owned subsidiaries of Raymond James Financial, Inc. (NYSE-RJF) a leading diversified financial services company with approximately 7,100 financial advisors serving in excess of 2.9 million client accounts in more than 2,800 locations throughout the United States, Canada and overseas. Total client assets are approximately $600 billion.
Steward Partners Holdings and Steward Partners Global Advisory, LLC maintains a separate professional business relationship with, and our professionals offer securities through Raymond James Financial Services, Inc., Member FINRA/SIPC. Raymond James is not affiliated with Universal Insurance Services. 1776 I Street, NW, Suite 700, Washington D.C. 20006 - Toll Free: (844) 801-8268.
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SOURCE Steward Partners Global Advisory LLC