Steward Partners Global Advisory
Steward Partners Global Advisory is an employee-owned, full-service independent partnership specializing in wealth planning, investment strategy, and asset management, serving family, institutional, and multigenerational investors.
Company History
Steward Partners Global Advisory was launched in July 2013. The company quickly expanded, crossing $1 billion in assets by December 2015. In January 2016, it registered as a Registered Investment Advisor (RIA) with the SEC. By December 2016, the firm crossed $4 billion in assets. Steward Partners achieved significant milestones in 2019 with a $50 million minority investment from Cynosure, and in December 2020, it crossed $100 million in revenue and had $15 billion in assets under management (AUM). The company launched broker/dealer operations and a multi-custodial model in June 2022 and secured a credit facility with Apogem Capital in November 2022. The firm celebrated its 10th anniversary in July 2023 and acquired Freedom Street in December 2023.
Services
Steward Partners specializes in delivering comprehensive wealth planning, implementing investment strategies, professional asset management, institutional consulting, and providing business solutions. Through its services, the company caters to family, institutional, and multigenerational investors. Steward Partners is committed to offering a personalized approach, serving a select number of clients to ensure tailored financial strategies and solutions.
Founders
Steward Partners Global Advisory is an employee-owned, full-service independent partnership. Further specifics about the founders are not detailed.
Rankings and Awards
Over the years, Steward Partners has garnered significant accolades. In 2023, the firm was ranked #19 on Barron's Top 100 RIAs. The company has received 22 awards since its inception. Notably, it was recognized as the “Best Place to Work” by the Washington Business Journal in 2017. These recognitions highlight the firm's commitment to excellence and its strong position in the investment advisory industry.
Growth and Expansion
Steward Partners has seen substantial growth since its launch. The company now operates 59 offices and employs 500 partners and 250 advisors. It boasts over 125 advisor designations, reflecting its dedication to professional development and expertise. The firm has grown its assets under management and revenue significantly, reaching $15 billion in AUM and over $100 million in revenue by December 2020. Key investments and acquisitions, such as the $50 million minority stake from Cynosure in March 2019 and the acquisition of Freedom Street in December 2023, have fueled its expansion.