Steward Partners and Raymond James Expand in New England With Tenth Location; Newest Office in Boston, Massachusetts

WASHINGTON, May 11, 2017 /PRNewswire/ -- Steward Partners Global Advisory, LLC, an employee-owned, full-service independent partnership associated with Raymond James Financial Services, Inc. (member FINRA/SIPC), announced today the opening of its tenth location, in Boston, Massachusetts. In late April, the Spector & Frisch Private Wealth Management Group and the Sweeney Wealth Management Group both joined Steward Partners from Wells Fargo Advisors. On May 4, Ali Mandalinci, CFP®, CPWA®, from UBS Wealth Management also joined the new Boston branch. Collectively, these five experienced advisors previously managed approximately $600 million in client assets and generated over $4.25 million in revenue.

The Spector & Frisch Private Wealth Management Group consists of Stephen Spector and Peter Frisch, CFP®, both Managing Directors and Wealth Managers, as well as Tobe Reed and Sharon Pollard, who are Vice Presidents and Senior Wealth Management Associates.

The Sweeney Wealth Management Group consists of Beth Sweeney, Managing Director and Wealth Manager, Eric Sweeney, Vice President and Wealth Manager, and Patricia Stefanou, Vice President and Senior Wealth Management Associate.

Ali Mandalinci, CFP®, CPWA® joined Steward Partners as Managing Director, Wealth Manager and Tamara Rasum joined as Vice President, Senior Registered Client Administrative Manager. 

With its newest location in Boston, Steward Partners now has ten 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 ten 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 Stephen, Peter, Beth, Eric and Ali to Steward Partners and to Raymond James in Steward's new Boston 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 our relationship."

STEWARD'S MOMENTUM CONTINUES IN 2017

"We are thrilled to launch our Boston office with such an excellent group of advisors," says Steward Partners' CEO, Jim Gold. "We are expanding in new and existing markets, and we're adding some amazing talent along the way. In addition to growing our wealth management practice, we will be expanding our reach into family office, succession planning and investment advisory capabilities. As mentioned in prior releases, we doubled the size of our firm in 2016, and we expect to do the same in 2017, all while remaining focused on hiring great people who also run a great business."

STEWARD PARTNERS' BUSINESS MODEL ATTRACTIVE TO ADVISORS IN BOSTON

"Steward's model provided us with the best of both worlds," said Spector. "We looked at all of our options and weighed each one carefully, considering which would be best for our clients. In the end, independence had so many advantages over traditional firms that it became the obvious route. What wasn't so obvious was which independent firm to choose."

"We felt that culture was the driver at Steward," said Beth Sweeney. "We also liked the idea of partnership and equity ownership. Ultimately, we believe that our clients will be happier at Steward."

"We also took comfort in the relationship Steward has with Raymond James," added Frisch. "The platform is very sophisticated and offers all the products and services that individual investors require."

"I've spent my entire professional life at the wirehouse firms," said Madalinci. "I've watched the industry make a significant shift to independence and realized that's the future of wealth management. Steward gives me independence with infrastructure."

Since November 2013, Steward Partners has added 55 advisors with over $45 million in trailing twelve-month production and over $6.3 billion in assets under management. The firm intends to expand the number of partners and locations significantly in 2017.

About Steward Partners Global Advisory

Headquartered in Washington, D.C., with additional offices in Boston, Ma, Clearwater, Fla., Keene, Portsmouth and Manchester, N.H., Albany, N.Y., Andover, Mass., 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 7,200 financial advisors serving approximately 3 million client accounts in more than 2,900 locations throughout the United States, Canada and overseas. Total client assets are $643 billion.

Steward Partners Holdings, Steward Partners Global Advisory, LLC, The Spector & Frisch Private Wealth Management and The Sweeney Wealth Management 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 D.C. 20006. Toll Free: (844) 801-8268.

Press Contact:

Gregory Banasz
202-930-6008
[email protected]

SOURCE Steward Partners Holdings LLC

Related Links

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