WASHINGTON, April 12, 2016 /PRNewswire/ -- Steward Partners Global Advisory LLC (Steward), an employee-owned, full service independent partnership, associated with Raymond James Financial Services, Inc. (member FINRA/SIPC) announced today that veteran financial advisor Michael Sauerborn has joined Steward Partners as managing director and founding partner. Sauerborn, formerly of Merrill Lynch, joins Steward's flagship New York City office, just a month after Eric Beiley, a multi-million dollar advisor, joined from Morgan Stanley. At Merrill Lynch, Sauerborn managed over $325 million in client assets and generated $1.35 million in annual revenue.
"We continue to attract top caliber advisors like Michael to all our Steward Partners offices," says Steward's CEO, Jim Gold. "I've had the pleasure of getting to know him and his business over the last two years and appreciate the time and energy he has put into finding the right place for his clients. During that time, we were able to work together and create a team expansion plan that supports his growing business. Something he wasn't able to work on until now."
"I was impressed with the platform Raymond James and Steward Partners makes available for me and my clients," said Sauerborn. "I needed a firm that would not only allow me to transition my practice, but also help me grow with the rapidly changing environment that exists in the global investment arena. Additionally, I was impressed with Raymond James' practice management model, sophisticated investment products and tools, outstanding client service capabilities and finally, firm culture. Everything surrounding the Steward Partners' model just felt right."
Mike Maurer, CEO of parent company, Steward Partners Holdings said, "We were impressed with Michael's 25 plus years of experience and his knowledge of the ultra-high net worth landscape. He focuses on the 'highly affluent' and has limited his business to select families. His background, professionalism and expertise fits perfectly within our culture and business model. We are proud to call him a Steward Partner."
About Steward Partners Global Advisory
Headquartered in Washington, DC, with additional offices in Andover, MA, Portsmouth, NH, 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
Raymond James Financial Services, Inc. is a financial services firm supporting more than 3,600 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 6,700 financial advisors serving in excess of 2.7 million client accounts in more than 2,700 locations throughout the United States, Canada and overseas. Total client assets are approximately $485 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. 1776 I Street, NW, Suite 700, Washington D.C. 20006 - Toll Free: (844) 801-8268.
To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/steward-partners--raymond-james-attract-325-million-veteran-advisor-from-merrill-lynch-in-nyc-300250136.html
SOURCE Steward Partners Global Advisory LLC