"Transitioning to a multi-custodial model requires building out Steward's technology platform and partnership infrastructure," states Hy Saporta, Steward Partners' President and Chief Operating Officer. ![]() ![]() We will announce additional custodial partners soon as we continue focusing on our growth strategies in the years to come." We appreciate the strong support of Raymond James as we transition to the RCS channel and continue evolving our business model. Today we have 173 Advisors managing over $22 billion in client assets in 27 offices throughout the country. "We founded the firm nearly eight years ago with the support of the senior leadership team at Raymond James. "Raymond James and Steward Partners have benefited by collaborating to drive our growth through recruiting with great success," said Jim Gold, Steward Partners CEO. Umpqua's broker dealer leadership team and 22 advisors managing $3.4 B in client assets joined Steward Partners last month following the deal closing. The ability to transition advisors and teams to a multi-custodial business model will create new opportunities for Steward Partners. Steward Partners' recent acquisition of Umpqua Investments included Umpqua's registered broker dealer, now called Steward Partners Investment Solutions, LLC, which will help fuel the firm's growth plans. ![]() Since Steward Partners' inception almost eight years ago, the two firms have enjoyed a strong, mutually beneficial working relationship and look forward to continuing their association into the future. WASHINGTON, /PRNewswire/ - Steward Partners Holdings LLC, an employee-owned full-service independent partnership, and Raymond James announced today that Steward Partners plans to transition its advisors to Raymond James' RIA and Custody Services (RCS) platform as soon as practicable following all necessary regulatory approvals.
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