![]() ![]() Since 1974, Raymond James Financial Services Inc., member FINRA/SIPC, has provided a wide range of investment and wealth planning related services through its affiliate, Raymond James & Associates, Inc., member New York Stock Exchange/SIPC. is a financial services firm supporting independent financial advisors nationwide. For more information, visit us at About Raymond James Financial Services, Inc. Louis, MO., Hendersonville, NC., Keene, Manchester and Portsmouth, NH., Paramus and Morristown, NJ., Albany and New York City, NY., Conshohocken, PA., Austin, Dallas and Houston, TX., and Norfolk and Richmond, VA., Steward Partners Global Advisory, LLC, is an employee-owned, full-service independent partnership catering to family, institutional and multigenerational wealth. With offices in Newtown, CT., Washington, D.C., Clearwater, FL., Andover and Boston, MA., Baltimore and Bethesda, MD., Portland, ME., St. Umpqua Bank was advised by the asset and wealth management investment banking team of Raymond James throughout the course of negotiations, with Benesch Friedlander Coplan & Aronoff LLP serving as legal counsel. Goodwin Procter LLP was Steward Partners legal advisors on the deal. Steward also has been named to InvestmentNews and Washington Business Journal's "Best Places to Work" lists. Steward Partners is one of the country's fastest growing independent wealth management firms and ranked #24 on Barron's list of Top RIA's in 2020. "This acquisition represents a major step forward in our long-term goal of positioning Steward Partners as the destination of choice for established advisors who want to grow their own businesses while being part of a much larger entity," commented Hy Saporta, President and Chief Operating Officer, Steward Partners Global Advisory. "The advisors joining Steward as part of the Umpqua Investments team share our vision of the future and come from a culture that aligns with our own." In addition to enhanced tools and services for advisors and clients, all new Partners will also be awarded units in the partnership. ![]() Advisors and their teams can't wait to tap into all the resources Steward Partners has to offer."Įvery employee previously with Umpqua Investments will now enjoy the infrastructure and platform available to all Steward Partners. "The enthusiasm from the field to become a Steward Partner is truly amazing. "We spent countless hours ensuring the transition goes smoothly," said Eric Field, newly appointed Divisional President of the West Coast for Steward Partners. Steward is also looking forward to an ongoing referral partnership with Umpqua Bank. "Our goal since launching Steward Partners has been to build a company with a nationwide presence," said Jim Gold, Steward Partners CEO. "With the closing of our acquisition of Umpqua Investments, we've established a firm foothold on the West Coast and look forward to building further on that momentum."Īll of the clients of Umpqua Wealth Management will now be part of Steward Partners. The acquisition marks Steward Partners' planned expansion into the Pacific Northwest and will add 22 financial advisors managing $3.4 billion in client assets generating $15 million in revenue and raises Steward Partners' total client assets under management to more than $22 billion. The entity has been renamed Steward Partners Investment Solutions, LLC. WASHINGTON, Ap/PRNewswire/ - Steward Partners Holdings, LLC an employee-owned, full-service independent partnership, has closed on its acquisition of Umpqua Investments Inc., a registered broker dealer and registered investment adviser, from Umpqua Holdings Corporation (NASDAQ: UMPQ). ![]()
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