Steward Partners picks up $170M team in Florida from Hightower

Steward Partners picks up $170M team in Florida from Hightower
It's the first team to join the firm’s RIA-only IAR offering.
OCT 12, 2023

A $170 million advisor team has joined Steward Partners Global Advisory to open an office in Sarasota, Florida.

Sunshine Private Wealth is led by Faiza Kedir, CFP, and was previously with Hightower where Kedir was director, business development, and financial advisor, having started her FA career at the firm having previously spent 22 years at Bank of America as a branch manager.

"I had been looking around the industry and conducting due diligence for the last few years before deciding to join Steward Partners, and no one else had an offering that was even close. I was looking for the opportunity to partner with a firm that is focused on the future," explained Kedir. “With Steward, I will have the opportunity to offer fiduciary advice to my clients, while also allowing me to maximize the growth potential of my business and build a larger team.”

RIA-ONLY OFFERING

Steward Partners was founded ten years ago and has seen fast growth of its full-service, employee-owned, independent financial services business offering wealth management solutions for families, businesses, and multigenerational investors.

The new office is the firm’s third in Florida.

“We are very excited to have Faiza as our newest partner and the first to choose our RIA-only, IAR offering, which we think is the gateway to the next chapter of Steward's growth story," explained Jeffrey Gonyo, managing director, senior divisional president, Southeast at Steward Partners. "We believe adding the investment advisory representative or "RIA-only" option to our total offering will make Steward even more attractive to independent advisors like Faiza because it offers regulatory, compliance, and operational support. With Steward, advisors not only continue to own their book of business but also are equity partners in the overall enterprise."

Latest News

SEC bars ex-broker who sold clients phony private equity fund
SEC bars ex-broker who sold clients phony private equity fund

Rajesh Markan earlier this year pleaded guilty to one count of criminal fraud related to his sale of fake investments to 10 clients totaling $2.9 million.

The key to attracting and retaining the next generation of advisors? Client-focused training
The key to attracting and retaining the next generation of advisors? Client-focused training

From building trust to steering through emotions and responding to client challenges, new advisors need human skills to shape the future of the advice industry.

Chuck Roberts, ex-star at Stifel, barred from the securities industry
Chuck Roberts, ex-star at Stifel, barred from the securities industry

"The outcome is correct, but it's disappointing that FINRA had ample opportunity to investigate the merits of clients' allegations in these claims, including the testimony in the three investor arbitrations with hearings," Jeff Erez, a plaintiff's attorney representing a large portion of the Stifel clients, said.

SEC to weigh ‘innovation exception’ tied to crypto, Atkins says
SEC to weigh ‘innovation exception’ tied to crypto, Atkins says

Chair also praised the passage of stablecoin legislation this week.

Brooklyn-based Maridea snaps up former LPL affiliate to expand in the Midwest
Brooklyn-based Maridea snaps up former LPL affiliate to expand in the Midwest

Maridea Wealth Management's deal in Chicago, Illinois is its first after securing a strategic investment in April.

SPONSORED How advisors can build for high-net-worth complexity

Orion's Tom Wilson on delivering coordinated, high-touch service in a world where returns alone no longer set you apart.

SPONSORED RILAs bring stability, growth during volatile markets

Barely a decade old, registered index-linked annuities have quickly surged in popularity, thanks to their unique blend of protection and growth potential—an appealing option for investors looking to chart a steadier course through today's choppy market waters, says Myles Lambert, Brighthouse Financial.