Podcast Center
Video Center
Webcasts
Resource Center
Events
By 
October 22, 2019 at 02:11 PM
Hybrid RIA Steward Partners is adding a independent contractor model to its existing business that will provide indie advisors with equity in the firm.
The group, which is an employee-owned, independent advisor partnership associated with Raymond James, says is rolling out the 1099 channel “in response to increased advisor requests for local autonomy, coupled with the significant resources and equity opportunity that are unique to Steward.”
“Our new affiliate model was created with entrepreneurial advisors in mind,” according to CEO Jim Gold. “We know that different advisors have different needs, and we couldn’t be more excited to expand and evolve our business by offering advisors more options as they consider the move to independence.”
Started in 2013, Steward Partners now has more than 100 advisors in about 20 offices nationwide. It has added 18 advisors and six offices this year. For instance, the Dooley Group moved to Steward in Austin from Merrill Lynch, where the team worked with $134 million in client assets.
