WITH $600 MILLION IN ASSETS, THE PRICE GROUP OPENS STEWARD PARTNERS' 14TH OFFICE AND FIRST LOCATION IN TEXAS
WASHINGTON, March 28, 2018 /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 fourteenth location, in Houston, Texas. Joining Steward Partners to launch the new Houston office are financial advisors Randy Price, CFP®, CIMA®, CIMC®, and Matthew Price, CFP®, CIMA®, of The Price Group. Barron's recognized Randy Price as one of the nation's "Top 1,200 Financial Advisors" every year from 2014 to 2017, and the Financial Times named him as one of its "Top 400 Financial Advisors" in 2016.* Accompanying The Price Group advisors are fellow team members Tiffany Soliz, FPQP™, Wealth Management Associate, Daniel Bingham, Jr., Registered Client Administrative Manager, and Melissa Hamner, Senior Registered Client Administrative Manager.
With the launch of its Houston location, Steward Partners now has fourteen offices in eight states and the District of Columbia. The rapid growth of the firm, which utilizes Raymond James' platform and support services, continues to accelerate in 2018, with a surge of interest from advisors drawn to Steward's independent model. The firm's first-quarter expansion follows on the heels of a record year of recruiting, assets under management and revenue in 2017.
"We're delighted to welcome Randy and Matt to Steward Partners and to Raymond James in Steward's new Houston location," said Scott Curtis, president of Raymond James Financial Services. "The Price 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 INDEPENDENT MODEL WELCOMED IN TEXAS
The announcement of Steward's new location in Texas, the first outside of its East Coast footprint, marks another major milestone for the partnership, said Hy Saporta, Steward Partners' president. "We continue to expand into affluent markets, mainly because of the demand we are receiving from highly developed teams in those areas. Advisors across the country have found Steward's model increasingly attractive," noted Saporta.
For Randy Price, the appeal of Steward's independent model is that it allows advisors to place their clients' needs first. "We are passionate about guiding our clients through the complexities of their financial lives. The nimble and entrepreneurial culture of Steward Partners, combined with the industry-leading technology and robust platform of Raymond James, enables us to deliver an unparalleled investment and wealth management experience to our clients and their families."
Matthew Price agreed, adding that the firm culture at Steward Partners meshed perfectly with the team's longtime commitment to client service. "We've always believed in treating our clients the way we would want to be treated ourselves, and this belief is at the heart of Steward's approach to wealth management. Being independent means that we can focus on developing investment strategies that are tailored to our clients' individual needs and aspirations."
STEWARD MAINTAINS GROWTH MOMENTUM IN 2018
Heading into 2018, Steward Partners expanded its management and operational team. The firm recently hired Chris Barton in Dallas to assist with the growth in Southern markets. Barton joins the ranks as divisional president alongside Jeff Gonyo and Jim Connors. The company has also added additional operations managers and transition specialists to help manage Steward's remarkable growth.
With its rapid expansion in 2017 and early 2018, Steward Partners has established itself as one of the fastest growing full-service independent partnerships in the country. The firm intends to increase the number of its partners significantly in 2018.
About Steward Partners Global Advisory
With offices in Albany, N.Y., Andover and Boston, Mass., Baltimore and Bethesda, Md., Clearwater, Fla., Keene, Manchester and Portsmouth, N.H., Paramus, N.J., Houston, Tex., Richmond, Va., New York City and Washington, D.C., 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 4,300 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 7,500 financial advisors in 3,000 locations throughout the United States, Canada and overseas. Total client assets are $732 billion.
Steward Partners Holdings, Steward Partners Global Advisory, LLC, and The Price 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.
* Source: 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 ranking may not be representative of any one client's experience, is not an endorsement, and is not indicative of advisor's future performance. Neither Raymond James nor any of its Financial Advisors pay a fee in exchange for this award/rating. Barron's is not affiliated with Raymond James. a * The Financial Times Top 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 2016, roughly 980 applications were received and 400 were selected to the final list (40.8%). 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. The ranking may not be representative of any one client's experience, is not an endorsement, and is not indicative of advisor's future performance. Neither Raymond James nor any of its Financial Advisors pay a fee in exchange for this award/rating. The FT is not affiliated with Raymond James.