William “Bill” Stewart III and his son, W. Grove Stewart IV, who managed $375 million at Janney Montgomery Scott in Annapolis, Maryland, have moved to the Alex. Brown unit of Raymond James. They will operate as Stewart Wealth Advisory Group.
Bill Stewart began his securities career in 1986 at Kidder Peabody. He was later with Smith Barney and Donaldson Lufkin & Jenrette. In 2003 he joined Legg Mason Wood Walker, whose private client group became part of Citigroup in 2005 and of Morgan Stanley in 2008. Stewart joined Janney Montgomery Scott in 2009.
Grove began his career in 2017 when he joined his father at Janney as a financial adviser trainee.
Chair also praised the passage of stablecoin legislation this week.
Maridea Wealth Management's deal in Chicago, Illinois is its first after securing a strategic investment in April.
A new PitchBook analysis unpacks sticking points relating to liquidity, costs, and litigation risk for would-be investors and plan sponsors.
"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.
The collaboration will give RIAs yet another access point into the alternatives space through a new unified managed account capability.
Orion's Tom Wilson on delivering coordinated, high-touch service in a world where returns alone no longer set you apart.
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.
