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Steward Partners Global Advisory Places Nine Advisor Partners on Forbes Best-In-State Wealth Advisors List

·7 min read

Advisor partner recognition reflects wealth management firm's outstanding growth

WASHINGTON, Feb. 23, 2021 /PRNewswire/ -- Steward Partners Global Advisory, LLC, an employee-owned, full-service wealth management firm associated with Raymond James Financial Services, Inc. (member FINRA/SIPC), proudly announces that nine of its advisor partners have been named to the Forbes 2021 List of Best-In-State Wealth Advisors. The annual ranking spotlights more than 5,000 advisors who are researched, interviewed, and assigned a ranking based on an algorithm of qualitative and quantitative criteria.

(PRNewsfoto/Steward Partners Global Advisory Group)
(PRNewsfoto/Steward Partners Global Advisory Group)

"This recognition from such a highly regarded authority as Forbes is truly gratifying and a testament to the caliber of advisors who have chosen to join Steward Partners," said Doug Kentfield, Head of Wealth Management at Steward Partners Global Advisory. "As a firm we have benefited from phenomenal growth over the past few years and expect to see even more Steward Partners advisors being recognized for their outstanding achievements in the future."

The Steward Partners Global Advisory advisors being honored by Forbes are:

  • Eric Beiley—Executive Managing Director & Wealth Manager, New York, NY

  • Tim Davis, CFP®—Managing Director & Wealth Manager, Boston, MA

  • Carl Gravina, CFP®—Managing Director & Wealth Manager, Keene, NH

  • Todd Hoffman CFP®, CPM®—Executive Managing Director & Wealth Manager, Clearwater, FL

  • Liana Poodiack CFP®—Managing Director & Wealth Manager, Keene, NH

  • Randy Price, CFP®, CIMA®, CIMC®—Executive Manager Director & Wealth Manager, Houston, TX

  • Chris Reaney, CFP®— Managing Director, Portsmouth, NH

  • Tom Sedoric—Executive Managing Director & Wealth Manager, Portsmouth, NH

  • Stephen Spector— Managing Director & Wealth Manager, Boston, MA

Of this year's honorees, Eric Beiley was also named to the Forbes Best-In-State Wealth Advisors in 2020, after having been named one of the Top 400 Financial Advisors by the Financial Times in 2019 and to the Raymond James Chairman's Council in 2017, 2018 and 2019.

In addition to this honor from Forbes, Randy Price was recognized by Barron's as one of the nation's Top 1,200 Financial Advisors in 2014, 2015, 2016 and 2017 and was also named one of the Financial Times' Top 400 Advisors in 2013 and 2016.

Todd Hoffman was named one of the Top 400 Financial Advisors by the Financial Times in 2015, as well as being named one of Barron's Top 1,200 Financial Advisors in 2016 and 2017.

Forbes also placed Liana Poodiack on its 2020 list of the Top Women Wealth Advisors.

Although this is Tom Sedoric's first time on this Forbes list, over the past three decades he has garnered many accolades including multiple listings on the Barron's list of top advisors and also served four New Hampshire Governors as the advisory chair to the Department of Resources and Economic Development.

The Forbes ranking of Best-In-State Wealth Advisors, developed by SHOOK Research, is based on an algorithm of qualitative criteria gained through telephone, virtual and in-person due diligence interviews and quantitative data. To be considered advisors must have a minimum of seven years of experience, and the algorithm weighs factors including revenue trends, assets under management, compliance records, industry experience and adherence to best practices in working with clients. Portfolio performance is not a criterion and neither Forbes nor SHOOK receive a fee in exchange for rankings.

About Steward Partners Global Advisory

With offices in Newtown, CT, Washington, DC, Clearwater, FL, Andover and Boston, MA, Baltimore and Bethesda, MD, Portland, ME, St. Louis, MO, Hendersonville, NC, Keene, Manchester and Portsmouth, NH, Paramus and Morristown, NJ, Albany and New York City, NY, Conshohocken, PA, Austin, Dallas and Houston, TX, and Norfolk and Richmond, VA, 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 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 8,200 financial advisors throughout the United States, Canada and overseas. Total client assets are approximately $1.02 trillion as of 12/31/20.

Steward Partners Holdings, Steward Partners Global Advisory, LLC 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.

Award Criteria Disclosures:

The Forbes ranking of Best-In-State Wealth Advisors, developed by SHOOK Research, is based on an algorithm of qualitative criteria, mostly gained through telephone and in-person due diligence interviews, and quantitative data. Those advisors that are considered have a minimum of seven years of experience, and the algorithm weights factors like revenue trends, assets under management, compliance records, industry experience and those that encompass best practices in their practices and approach to working with clients. Portfolio performance is not a criteria due to varying client objectives and lack of audited data. In 2021, out of approximately 32,725 nominations, more than 5,000 advisors received the award. Please visit https://www.forbes.com/best-in-state-wealth-advisors for more info.

The FT 400 was developed in collaboration with Ignites Research, a subsidiary of the FT that provides specialized content on asset management. To qualify for the list, advisers had to have 10 years of experience and at least $300 million in assets under management (AUM) and no more than 60% of the AUM with institutional clients. The FT reaches out to some of the largest brokerages in the U.S. and asks them to provide a list of advisors who meet the minimum criteria outlined above. These advisors are then invited to apply for the ranking. Only advisors who submit an online application can be considered for the ranking. In 2019, roughly 960 applications were received and 400 were selected to the final list (41.7%). The 400 qualified advisers were then scored on six attributes: AUM, AUM growth rate, compliance record, years of experience, industry certifications, and online accessibility. AUM is the top factor, accounting for roughly 60-70 percent of the applicant's score. Additionally, to provide a diversity of advisors, the FT placed a cap on the number of advisors from any one state that's roughly correlated to the distribution of millionaires across the U.S.

Barron's Top 1,200 Financial Advisors, (2014-2017). Barron's is a registered trademark of Dow Jones & Company, L.P. All rights reserved. The rankings are based on data provided by over 4,000 individual advisors and their firms and include qualitative and quantitative criteria. Data points that relate to quality of practice include professionals with a minimum of 7 years financial services experience, acceptable compliance records (no criminal U4 issues), client retention reports, charitable and philanthropic work, quality of practice, designations held, offering services beyond investments offered including estates and trusts, and more. Financial Advisors are quantitatively rated based on varying types of revenues produced and assets under management by the financial professional, with weightings associated for each. Investment performance is not an explicit component because not all advisors have audited results and because performance figures often are influenced more by clients' risk tolerance than by an advisor's investment picking abilities.

The Forbes ranking of America's Top 1,000 Women Wealth Advisors, developed by SHOOK Research, is based on an algorithm of qualitative and quantitative data, rating thousands of wealth advisors with a minimum of 7 years of experience and weighing factors like revenue trends, AUM, compliance records, industry experience and best practices learned through telephone and in-person interviews. Portfolio performance is not a criteria due to varying client objectives and lack of audited data. Research Summary (as of April 2019): 32,000 nominations were received based on thresholds (9,654 women) and 1,000 won. Please visit https://www.forbes.com/top-women-advisors/#28abc5bd51f4 for more info.

Chairman's Council membership is based on prior fiscal year production. Re-qualification is required annually.

These rankings are not indicative of an advisor's future performance, are not an endorsement, and may not be representative of individual clients' experience. Neither Raymond James nor any of its Financial Advisors or RIA firms pay a fee in exchange for the award/rating. Raymond James is not affiliated with the referenced third party organizations.

Media Contact:
Michaela Morales
JConnelly
mmorales@jconnelly.com
973.224.7152

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SOURCE Steward Partners Global Advisory