Steward Partners Global Advisory

What Steward Partners Global Advisory does

Steward Partners Global Advisory, LLC is an employee-owned, full-service independent financial services partnership founded in July 2013 in Washington, DC and now headquartered in Stamford, Connecticut following a September 2025 relocation. The firm serves high-net-worth and ultra-high-net-worth individuals and families, business owners, professional athletes and entertainers, and institutional clients through 301 advisors operating out of 81 offices across more than 30 U.S. states, managing nearly $53 billion in client assets. Two regulated operating subsidiaries anchor the platform: Steward Partners Investment Advisory, LLC (an SEC-registered investment adviser) and Steward Partners Investment Solutions, LLC (a FINRA/SIPC member broker/dealer), enabling Steward to operate as a multi-custodial hybrid RIA offering advisors and their clients a choice among Charles Schwab, Raymond James, Pershing, Goldman Sachs, and Fidelity.

Product surface spans advisory services, wealth management, institutional consulting, insurance planning, wealth planning, and a personal concierge module for ultra-wealthy families. Advisors are recruited predominantly through wirehouse breakaway channels and the Legacy Division M&A platform, which has executed twelve transactions in 2025 and seven through May 2026, including the June 2026 Zelniker Dorfman partnership that added $2.4 billion in client assets. Recent technology investments include a February 2026 enterprise subscription to WealthFeed for AI-powered prospecting across an initial cohort of 50 advisors.

Revenue is generated predominantly through fee-based investment advisory services and commissionable products offered through regulated subsidiaries, with non-disclosed hybrid pricing tied to AUM and service tier. The firm monetizes its growth primarily via advisor recruiting (advisors pay for platform access, transition packages, and equity participation) and absorbs client AUM onto its multi-custodial infrastructure. Institutional capital partners include Cynosure Group ($50M, 2019), The Pritzker Organization ($100M, 2021), and Ares Credit ($475M, December 2025), bringing total disclosed private capital to roughly $625M. Steward Partners does not publicly disclose revenue; the company operates as a private LLC and has not pursued an IPO.

Name

Steward Partners Global Advisory

Legal name

Steward Partners Global Advisory, LLC

Website

https://stewardpartners.com

Company type

Private

Founded year

2013

Operating status

Operating

Headcount range

501–1,000 employees

Short description

Steward Partners Global Advisory is an employee-owned, multi-custodial hybrid RIA and broker/dealer serving high-net-worth individuals, families, business owners, and institutions through 301 advisors and 81 offices nationwide, with nearly $53 billion in client assets as of 2026.

Ownership category

akta.pro rank

Product category

Wealth Management

NAICS

Portfolio Management and Investment Advice (523940), Funds, Trusts, and Other Financial Vehicles (525)

SIC

Security Brokers, Dealers & Flotation Companies (6211)

akta.pro primary industry

Broker-Dealer Affiliated Wealth Advisory (FSAEABAB)

akta.pro secondary industries

Estate & Legacy Planning Advisory (FSAEAAAG), Directed Trust & Trust Advisory Services (FSAAANAK)

Keywords

• Wealth management services
• Investment advisory
• Financial planning
• Institutional consulting
• Broker-dealer services

Headquarters

HQ city

Washington

HQ country

United States

HQ region

North America

Offices13 records

Markets served

GTM type

B2C

Offering type

Services

Cost components

Personnel, Technology or R&D, Operations, Marketing or Sales, Infrastructure

Revenue model

1. Investment Advisory Services: Fee-based investment advisory services to high-net-worth and ultra-high-net-worth individuals and families
2. Broker/Dealer Services: Securities are offered through Steward Partners Investment Solutions, LLC (SPIS), registered broker/dealer, member FINRA/SIPC
3. Legacy Division M&A: Acquisition of advisory firms adding client assets through M&A channel, expanding national footprint

Go-to-market motion3 records

Distribution channels4 records

Marketing channels5 records

Core offering

Steward Partners is an employee-owned, full-service independent financial services firm providing comprehensive wealth planning, investment strategy implementation, professional asset management, institutional consulting, insurance planning, and a Personal Concierge service to high-net-worth and ultra-high-net-worth individuals, families, business owners, professional athletes, and institutional clients. The firm operates a multi-custodial hybrid RIA / broker-dealer model and grows organically and through its Legacy Division M&A channel that recruits advisor teams and acquires established advisory firms.

Product overview

Steward Partners is an employee-owned, full-service independent financial services partnership offering comprehensive wealth management solutions to family, institutional, and multigenerational investors. The firm's core offering combines advisory services (managed accounts, financial plan reviews, due-diligence reports), wealth management (professional asset management, retirement planning, trust and estate services), institutional consulting, and insurance planning. The platform operates through a multi-custodial model supporting Charles Schwab, Raymond James, Pershing, Goldman Sachs, and Fidelity. The Legacy Division M&A Channel drives growth through acquisitions of established advisory firms including Monaco Capital, Saling Simms, Wisdom Rock Financial, Jazz Wealth, Consilium Wealth Management, Longbridge Wealth Advisors, and Mainstay Wealth Management. The firm recently partnered with WealthFeed for AI-powered prospecting capabilities. The firm manages approximately $50 billion in client assets across 301 advisors and 81 offices nationwide.

Differentiator

Problem solved

Functional benefit

Brands

• Legacy Division: M&A channel focused on acquiring established advisory firms and wealth management practices
• Freedom Street

Products and services

• Comprehensive Wealth Management Full-service independent partnership providing comprehensive wealth planning, investment strategy implementation, professional asset management, institutional consulting, and business solutions to family, institutional, and multigenerational investors.
• Advisory Services Managed accounts, financial plan reviews, and comprehensive due-diligence reports for advisory clients.
• Wealth Management Services Professional asset management, retirement and portfolio selections, trust and estate services, and education planning.
• Institutional Consulting Asset allocation, research, and reporting services delivered to institutional clients.
• Insurance Planning Life insurance planning, annuity solutions, and long-term care solutions offered alongside wealth management.
• Personal Concierge Comprehensive concierge service for ultra-wealthy families combining asset management, cash management, risk management, financial planning, lifestyle management, and access to a consortium of legal, insurance, estate, tax, and investment professionals.
• Registered Investment Advisor Services Fiduciary-focused investment advisory services with comprehensive financial planning, investment independence, transparent compensation, and no conflicts of interest.
• Wealth Planning Comprehensive wealth planning addressing the complexities of wealth in today's markets through traditional and sophisticated alternative investment solutions aligned with client values and goals.
• Full-Service Concierge Platform Independence-with-infrastructure offering providing full-service concierge support, technology and resources, a unique ownership model, experienced local support, and multiple affiliation models for advisors and their clients.
• Legacy Division M&A Services M&A-focused service division acquiring established advisory firms, supporting wirehouse breakaway transitions, and providing succession and equity solutions for founding partners; adding billions in client assets through transactions such as Monaco Capital, Saling Simms, Wisdom Rock Financial, Jazz Wealth, Consilium Wealth Management, and Zelniker Dorfman Private Wealth.

Quantifiable outcome

• Grew from under $100M in 2013 to nearly $53B in AUM in 2026
• +4 more outcomes

Named customers6 records

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration6 records

AI capability4 records

Feature2 records

Partnerships

Six partnerships are on record, tiered minor and core.

• Dynasty Investment BankminorImplementation/ SI/ Consulting Partner · 12 May 2026Dynasty Investment Bank served as advisor on Jazz Wealth's sale to Steward Partners. Dynasty marked its third anniversary as the #1 investment bank serving the independent RIA industry, completing 15 transactions representing $162B in AUM in 2025.
• Charles SchwabcoreTechnology or IntegrationCharles Schwab serves as one of the custodial options available to Steward Partners advisors and their clients through the firm's multi-custodial platform.
• Raymond JamescoreTechnology or IntegrationRaymond James serves as a custodial option for Steward Partners advisors through the multi-custodial platform. Steward Partners has recruited multiple advisor teams from Raymond James, including Silcox & Avonda with $716M in assets.
• PershingcoreTechnology or IntegrationPershing (Bank of New York Mellon) serves as one of the custodian options for Steward Partners' multi-custodial platform serving financial advisors and their clients.
• Goldman SachscoreTechnology or IntegrationGoldman Sachs serves as a custodial option for Steward Partners advisors. Jazz Wealth maintains its existing custodial relationship with Goldman Sachs following acquisition. Goldman Sachs is expanding its presence as a custody option for RIAs serving high-net-worth clients.
• FidelitycoreTechnology or IntegrationFidelity serves as one of the custodial options available to Steward Partners advisors through the firm's multi-custodial platform.

Scale indicators12 records

Recent moves10 records

Expansion highlights7 records

Broad incumbents

• LPL Financial: LPL Financial is the largest independent broker-dealer in the U.S. by advisor count, providing custody and platform services to thousands of advisors. LPL's broad scale and public market position make it an incumbent competitor in the independent advisor space.
• Raymond James Financial: Raymond James is a large diversified financial services firm with both employee-advisor and independent contractor channels. It is both a Steward custodian and a source of breakaway recruits, making it a competitor on both sides.
• Ameriprise Financial: Ameriprise Financial operates a large wealth management and advisory platform serving high-net-worth clients, competing for the same HNW/UHNW segment Steward targets while having much broader scale.

Direct peers

• Kestra Financial: Kestra Financial operates an independent broker-dealer and RIA platform supporting financial advisors across the U.S., with comparable hybrid structure and advisor recruitment focus.
• Cetera Financial Group: Cetera is a multi-channel broker-dealer and RIA platform serving independent financial advisors with multiple affiliation models and custodians — a direct competitor in the independent/broker-dealer hybrid space.
• HighTower Advisors: HighTower is a national RIA platform serving high-net-worth clients with advisor-owned business model, multi-custodial support, and M&A-driven growth — closely mirroring Steward's structure and target market.
• Dynasty Financial Partners: Dynasty provides investment banking, consulting, and technology services to independent RIAs and served as advisor on Jazz Wealth's sale to Steward Partners. Directly comparable as a service provider and capital partner to independent wealth management firms.
• Cambridge Investment Research: Cambridge is one of the largest independent broker-dealers in the U.S., serving independent financial advisors with a hybrid RIA/BD structure similar to Steward Partners' model.
• Focus Financial Partners: Focus Financial Partners is a leading partnership of independent wealth management firms, providing infrastructure, capital, and M&A support to RIAs — directly comparable to Steward Partners' hybrid RIA + M&A model. Focus was taken private by Clayton, Dubilier & Rice in 2023 at a multi-billion valuation.

Others

• Goldman Sachs Personal Financial Management: Goldman Sachs serves as one of Steward's custodians and is also expanding its own high-net-worth wealth management offering. The relationship is symbiotic (custodial partner and potential competitor) rather than direct.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/stewardpartners
• LinkedInlinkedin.com/company/steward-partners-global-advisory

Compliance3 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles13 records

Subsidiaries10 records

Funding overview

Funding rounds5 records

Investors4 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A7 records

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Steward Partners Global Advisory