Steward Partners Kicks Off 2024 With Over $1 Billion In New Client Assets

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NEW YORKApril 5, 2024 /PRNewswire/ — Steward Partners, a full-service, employee-owned, independent financial services firm, welcomed a fleet of new advisors and teams in the months of January and February, bringing in over $1 billion in assets under management to the firm.

Recruiting efforts for the first quarter of 2024 helped the firm to launch a new office in Nashville, TN, bringing on eight new partners with the acquisition of Seven Arrows Financial, which will be affiliated with Steward Partners on the RCS platform under a 1099 contract. An additional office was opened in Kennesaw, GA, as the firm welcomed Frank Smith and Patrick Connoly as Wealth Managers and W2 employees.

Steward Partners also added new partnerships to their existing offices in New York, NY, and Mobile, ALChristine Munn, who formerly served at Overbrook Management Corporation will be joining the firm in New York as a Managing Director, Wealth Manager, and W2 employee. Three new partners from Mobile, AL under the Lynn-Whitmore Wealth Management team will also be joining the firm under a W2 contract.

“Steward Partners’ dynamic start to 2024 is a reflection of our commitment to consistently identify and actively pursue best-in-class advisory teams that help expand capabilities and propel firm growth,” said Jim Gold, Co-Founder and CEO of Steward Partners. “Steward has been built upon dedicated recruitment efforts and strategic partnerships, and our early momentum underscores our continued success.”

“We believe that advisors should feel empowered when they come to our firm, and we are proud of the fact that we can encapsulate that through offering different affiliation channels such as W2, 1099, and RIA-only models,” said Jeff Gonyo, Divisional President, Southern Division3 and Head of Recruiting of Steward Partners. “This is evident of the new optionality that we have established in the last year and is something we deliberately constructed to ensure that Steward Partners is the right fit for any advisor.”

The new business solidifies the continued trajectory of 2023 for a robust recurring year of $5.5 billion in new assets, and $40 million in revenue. Steward Partners expects to duplicate the success of the recruiting flow and have substantial M&A activity moving forward into the second quarter of the year.

About Steward Partners

Representing some of the U.S.’s top advisors, Steward Partners is a full-service, employee-owned, independent financial services firm that offers wealth management solutions for families, businesses, and multigenerational investors. Established in 2013, the firm fosters a positive, transparent culture of camaraderie and excellence that has fueled its substantial growth in a highly competitive industry. With its commitment to exceptional client service and forward-thinking partnerships, the firm was ranked as the #19 RIA in the country in Barron’s Top 100 RIAs for the year 2023. Offering services such as comprehensive wealth planning, private banking, institutional consulting, international advisory, and business solutions, the firm was responsible for over $32 billion in client assets as of January 2024.

To learn more about Steward Partners, visit www.stewardpartners.com.

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Edmund Shing, PhD

Global Chief Investment Officer
BNP Paribas Wealth Management

Edmund has over 29 years of experience in financial markets in a wide variety of positions, ranging from proprietary trading to portfolio manager in a number of financial institutions in London and Paris.  He previously held the role of Global Head of Equity and Derivative Strategy at BNP Paribas in London from 2015 to 2020, and has been Chief Investment Officer at BNP Paribas Wealth Management since November 2020.

Edmund is responsible for piloting our investment strategy and will continues to rollout out recommendations and themes with actionable advice that brings our expertise to our clients and support to our client-facing teams.  In this time of change, his expertise in following and anticipating markets is a true value added for both our customers and those at Wealth Management who serve them.

Edmund has a PhD in Cognitive and Computing Science from the University of Birmingham in the United Kingdom, and has done advanced studies in Knowledge-Based Systems and in Experimental Psychology.  He is an EFFAS-certified financial analyst. He has also authored the book “The Idle Investor” published by Harriman House in 2015, proposing 3 simple investment strategies that take only a few minutes to execute per month.

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