Steward Partners, a full-service, employee-owned, independent financial services firm, has been recognized as Hybrid RIA of the Year by Wealth Solutions Report in the second annual invitation-only Wealth Exemplar Awards. This honor is awarded to the top three Registered Investment Advisor (RIA) firms offering fee-based solutions alongside commissionable services through W-2 and independent financial advisors.
“We are honored to be named Hybrid RIA of the Year by Wealth Solutions Report. This accolade is a testament to our team’s dedication to providing innovative financial solutions and our commitment to empowering advisors within our network by providing a platform with a wide range of choices,” said Jim Gold, Co-Founder and CEO of Steward Partners. “We look forward to building on this success and continuing to drive excellence in the industry.”
Committed to sustained organic growth, Steward Partners oversees a robust $32 billion in client assets, facilitated by a network of over 200 independent advisors. Demonstrating consistent strength, the firm’s Assets Under Management (AUM) experienced a notable 33% year-on-year increase as of December 30, 2023. Marking a decade since its inception, Steward Partners achieved a remarkable milestone by attracting approximately $6 billion in AUM through ongoing recruitment efforts in 2023.
In a strategic move in December, Steward Partners successfully concluded the acquisition of Freedom Street Partners, augmenting its portfolio with $3.2 billion in assets and 38 advisors. This significant development led to the establishment of a dedicated “proprietary division,” providing a specialized platform for advisors transitioning their business. Steward Partners offers a diverse range of affiliation models, including W-2, 1099, and RIA-only (IAR) models, all of which empower advisors with equity in the firm.
Positioning itself as an industry leader, Steward Partners has solidified its standing through impactful partnerships. In 2023, the firm announced a custodial arrangement with Pershing, complementing its existing partnership with Raymond James. Furthermore, Steward Partners entered into a collaboration with VRGL to leverage its client acquisition and proposal management solution, reinforcing the firm’s technological capabilities.
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