Steward Partners Upgrades the Custodial Relationship with Raymond James, Orchestrating Future Multi-Custodial Model

Steward Partners Holdings LLC and Raymond James announced about the plans to transition Steward Partners' advisors to Raymond James' RIA and Custody Services (RCS) platform following all necessary regulatory approvals. The two firms have had a strong and mutually beneficial relationship since the founding of Steward Partners eight years ago.

The acquisition of Umpqua Investments by Steward Partners included a registered broker dealer, now known as Steward Partners Investment Solutions, LLC, which will help fuel the firm's future growth. By transitioning advisors and teams to a multi-custodial business model, new opportunities are there to be created for the firm.

"Raymond James and Steward Partners have benefited by collaborating to drive our growth through recruiting with great success," said Jim Gold, Steward Partners CEO. "We founded the firm nearly eight years ago with the support of the senior leadership team at Raymond James. Today we have 173 Advisors managing over $22 billion in client assets in 27 offices throughout the country. We appreciate the strong support of Raymond James as we transition to the RCS channel and continue evolving our business model. We will announce additional custodial partners soon as we continue focusing on our growth strategies in the years to come."

"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. "Steward Partners, working with leading technology providers and consultants, is making a substantial investment of financial and firm resources to create an industry-leading advisor and client experience."

"We're proud of our relationship with Steward Partners. Their impressive growth since inception significantly surpassed their original expectations and ours. Raymond James combination of full service resources, the integrated technology platform, and unique advisor-focused culture has been critical to Steward Partners' recruiting success over the past eight years. We look forward to continuing our relationship and supporting Steward's advisors and their clients for years to come," Scott Curtis added, president of Raymond James' Private Client Group.

About Steward Partners Global Advisory

With offices across the country, Steward Partners Global Advisory, LLC is an employee-owned, full-service independent partnership catering to family, institutional and multigenerational wealth.

About Raymond James Financial Services, Inc.

Raymond James Financial Services, Inc. is a financial services firm supporting independent financial advisors nationwide.

Steward Partner Investment Solutions, LLC member FINRA/SIPC. Investment advisory services offered through Steward Partners Investment Advisory, LLC.

Steward Partners Holdings, LLC and Steward Partners Investment Solutions, LLC are independent of Raymond James.