Steward Partners, an independent practice affiliated with Raymond James Financial Services, says its plans to continue its aggressive growth path, which includes the recent recruitment of several employee advisors and staff from Wells Fargo Advisors with about $230 million in client assets.
“We doubled the size of our firm in 2016, and we nearly doubled it again in 2017, all while remaining focused on hiring great people who also run great businesses,” said Steward CEO Jim Gold, in a statement. “With our latest annual goals now in place, we intend to do the same in 2018.”
The advisory group has added more than 80 advisors with more than $61 million in trailing 12-month fees and commissions and about $8.3 billion in assets under management since November 2013; it now has 85 registered representatives. In 2017, it opened locations in Boston; Baltimore; Clearwater, Florida (near Tampa); and Paramus, New Jersey — giving it a total of 12 branches.
When the firm was founded in 2013, its leaders set a seven-year goal of $100 million in recruited revenue and now say that goal is within reach this year. “In addition to growing our wealth management team, we have been expanding our reach into international advisory, corporate and executive consulting, succession planning and investment advisory (RIA) capabilities,” Gold explained.