Steward Partners and Raymond James Expand in Maryland with 11th Location, Open Newest Office in Baltimore

WASHINGTON, Oct. 26, 2017 /PRNewswire/ -- Steward Partners Global Advisory, LLC, an employee-owned, fullservice independent partnership associated with Raymond James Financial Services, Inc. (member FINRA/SIPC), announced today that Barry Salzman, CPM^®, Director and Wealth Manager, Joshua Mauer, Senior Vice President and Wealth Manager, and Michael Robert Hoff, Vice President and Wealth Manager, have joined Steward Partners from Morgan Stanley, where they managed approximately $175 million in client assets. The team, collectively known as The SMH Capital Group, will launch Steward Partners' downtown Baltimore office. Year-to-date, Steward Partners has added over $2.5 billion in recruited assets under management and 25 new wealth managers.

With its newest location in Baltimore, Steward Partners now has eleven offices in five states and the District of Columbia. The firm, which utilizes Raymond James' platform and support services, is on pace for another record year, with new partners joining in all eleven locations. Steward's rapid expansion establishes it as one of the fastest-growing full-service independent partnerships in the country.

"We're excited to welcome Barry, Josh and Michael to Steward Partners and to Raymond James in Steward's new Baltimore location," said Scott Curtis, president of Raymond James Financial Services. "This group represents another addition of high-quality, client-focused advisors to affiliate under Steward Partners' business model. We're proud of the growth and success of our relationship." 

STEWARD'S MOMENTUM CONTINUES IN FALL 2017 

"Our story has resonated with top advisors and RIAs around the country," said Steward Partners Divisional President Jeff Gonyo. "Our Maryland and D.C. footprint is growing rapidly, and we saw the need for a third location in the Maryland/Virginia/D.C. area. With each new addition to the partnership, the level of interest continues to grow. We recently expanded our management team in the areas of transition management, operations and recruiting to accommodate our growth. Our existing branches are filling up, and we expect to welcome additional new partners across the firm."

Salzman commented, "We believe that the nimble and entrepreneurial culture of Steward Partners, combined with the highest quality service, industry-leading technology and robust platform of Raymond James, will deliver to our clients an unparalleled investment and wealth management experience."

"We are excited to be a part of the Steward family and to become partners in Baltimore," said Mauer. "Having the freedom and flexibility to manage our clients' wealth was paramount in our decision to move. Being able to utilize a wealth management or advisory approach for our clients means that their interests come first."  

"The leadership and the transition team at Steward Partners are quite impressive," said Hoff. "We've explored other options in the past, but nothing connected on all levels of practice management, advisor platform, client service capabilities and, most importantly, firm culture like Steward and Raymond James."

Since November 2013, Steward Partners has added over 70 advisors with over $55 million in trailing 12-month production and over $7.5 billion in assets under management. Earlier this year, Steward Partners announced the opening of the firm's ninth and tenth locations, in Clearwater, Florida, and Boston respectively. 

About Steward Partners Global Advisory

Headquartered in Washington, D.C., with additional offices in Albany, N.Y., Andover and Boston, Mass., Baltimore and Bethesda, Md., Clearwater, Fla., Keene, Manchester and Portsmouth, N.H., and New York City, Steward Partners Global Advisory, LLC, is an employee-owned, full-service independent partnership catering to family, institutional and multigenerational 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 3,900 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 7,300 financial advisors in 3,000 locations throughout the United States, Canada and overseas. Total client assets are $681 billion.

Steward Partners Holdings, Steward Partners Global Advisory, LLC and The SMH Capital Group maintain a separate professional business relationship with, and our registered professionals offer securities through, Raymond James Financial Services, Inc., member FINRA/SIPC. Investment advisory services offered through Steward Partners Investment Advisory, LLC, 1776 I Street NW, Suite 700, Washington, DC 20006. Toll Free: (844) 801-8268.

Press Contact:

Gregory Banasz 
202-930-6008
[email protected]

SOURCE Steward Partners Global Advisory, LLC