WASHINGTON, Sept. 23, 2015 /PRNewswire/ -- Steward Partners Global Advisory LLC (Steward), an employee-owned, full service independent partnership affiliated with Raymond James Financial Services (RJFS), member FINRA/SIPC, celebrates its second anniversary as an "Elite Hybrid" firm. The firm, headquartered in Washington, DC welcomed its first advisor team in September 2013, and has not looked back. Steward now boasts additional offices in Portsmouth, NH; Andover, MA; New York City; and Bethesda, MD, with over $15 million in annual recruited advisor revenue, and $1.8 billion in recruited assets with multiple new locations expected within the next twelve months.
"Our success is a validation of our partnership model that flows upwards from our advisors to our partners at Raymond James," says Mike Maurer, Chairman of Steward's holding company. "We've not only been able to build out our advisory firm, but we've been able to develop an equally successful consulting firm in Steward Partners Consulting Solutions. That type of dual growth is fueled by employees feeling like true partners and business owners."
Steward's CEO, Jim Gold sees no slowdown in the firm's fast pace. Gold adds, "Our story resonates with advisors, especially those at the wirehouses, where more and more has been taken away compensation has become a logistical nightmare. Our pipeline is well over $100 million in current production. Our greatest challenges lie in continuing to meet demand in a way that doesn't compromise our service model and commitments to our current partners."
"It's been very satisfying to partner with Steward's leadership team to create a different affiliation option and support model for high quality advisors," says Scott Curtis, President of RJFS. "We recognized their value proposition would appeal to experienced financial advisors seeking a unique, independent partnership opportunity and a caring branch environment. Steward's business model, combined with Raymond James' breadth and depth of resources has resulted in an enviable record of growth. We are pleased with our partnership and their results."
"Steward has also been successful in attracting high powered business people to their board including Janet Robinson, the former CEO of The New York Times," says board Chairman, Michael McMahon. "Steward is maturing at a fast rate, executing its business plan ahead of schedule, attracting talented managers and partners, and is positioned correctly for continued success. I am very proud of the firm's progress so far."
"Succession planning is a growing business," says Gold. "It fits in naturally with our current strategy, and we have the personnel and scale to accommodate the flow. It's also good for the industry as advisors age and need help with their retirement plans. We've been able to create custom plans for advisors that protect their businesses and clients and are ultimately more lucrative."
About Steward Partners Global Advisory, LLC.
Headquartered in Washington, D.C. with additional offices in New York, NY, Andover, Mass. and Portsmouth, N.H., Steward Partners Global Advisory, LLC is an employee-owned, full service partnership catering to family, institutional and multi-generational wealth. 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, DC 20006, toll free 844-801-8268. 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 3,200 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 6,300 financial advisors serving in excess of 2.6 million client accounts in more than 2,600 locations throughout the United States, Canada and overseas. Total client assets are approximately $496 billion. For more information visit www.raymondjames.com
Tony Sirianni- Sirianni Strategy Group
SOURCE Steward Partners Global Advisory LLC