Steward Partners and Raymond James Open Newest Office in Richmond Expanding Steward Partners' Reach into Virginia

WASHINGTON, March 6, 2018 /PRNewswire/ -- Steward Partners Global Advisory, LLC, an employee-owned, full-service independent partnership associated with Raymond James Financial Services, Inc. (member FINRA/SIPC), announced today that financial advisors Richard Godfrey, CRPC^®, andMatthew J. Spradlin, CFP^®, of the Godfrey & Spradlin Group, have joined Steward Partners at its new location in Richmond, Virginia. The team has a combined 30 years of experience serving clients as wealth managers and joins Steward from Merrill Lynch, where together they managed $180 million in client assets.

With the launch of its new Richmond location, Steward Partners now has thirteen offices in seven states and the District of Columbia. The rapid growth of the firm, which utilizes Raymond James' platform and support services, shows no sign of slowing down in 2018, with a surge of interest from advisors drawn to Steward's independent model. The firm's first-quarter expansion follows on the heels of a record year of recruiting, assets under management and revenue in 2017.

"The announcement of our newest location in Virginia marks another amazing milestone for the partnership," said Hy Saporta, Steward Partners' President. "We continue to see the company expand into affluent markets, mainly because of the demand we are receiving from highly developed teams in those areas. Advisors across the country have found Steward's model increasingly attractive."

STEWARD'S INDEPENDENT MODEL DRIVES STRONG GROWTH

"We're delighted to welcome the Godfrey & Spradlin Group to the Steward family at our new Richmond location," said Jeffrey Gonyo, Steward Partners' Divisional President. "As we continue to expand in both new and existing markets, we are adding some remarkable talent along the way. We achieved record growth in 2016 and 2017, all while remaining focused on hiring great people who also run great businesses. We expect even greater achievements in 2018."

For Godfrey, the primary consideration in deciding to move to Steward was having the freedom and flexibility to develop investment plans that prioritize their clients' financial goals. "Independence means that we can sit down with our clients and decide what makes the most sense for their individual situation. Being able to utilize either a wealth management or advisory approach means that our clients' interests come first."

"The resources, management team and firm culture that exist here at Steward Partners and Raymond James offer us the opportunity to serve our clients in a far more meaningful way," added Spradlin. "When our team has the ability to focus on our client service model rather than on back-office headaches, everything else just clicks."

About Steward Partners Global Advisory
With offices in Albany, N.Y., Andover and Boston, Mass., Baltimore and Bethesda, Md., Clearwater, Fla., Keene, Manchester and Portsmouth, N.H., Paramus, N.J., Richmond, Va., New York City and Washington, D.C., Steward Partners Global Advisory, LLC, is an employee-owned, full-service independent partnership catering to family, institutional and multigenerational wealth.

For more information, visit us at www.stewardpartners.com.

About Raymond James Financial Services, Inc.
Raymond James Financial Services, Inc., is a financial services firm supporting more than 4,300 independent financial advisors nationwide. 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. Both broker/dealers are wholly owned subsidiaries of Raymond James Financial, Inc. (NYSE: RJF), a leading diversified financial services company with approximately 7,500 financial advisors in 3,000 locations throughout the United States, Canada and overseas. Total client assets are $750 billion.

Steward Partners Holdings, Steward Partners Global Advisory, LLC, and the Godfrey & Spradlin Group maintain a separate professional business relationship with, and our registered professionals offer securities through, Raymond James Financial Services, Inc., member FINRA/SIPC. Investment advisory services offered through Steward Partners Investment Advisory, LLC, 1776 I Street NW, Suite 700, Washington, DC 20006. Toll Free: (844) 801-8268.

Press Contact:

Gregory Banasz
202-930-6008
Greg.banasz@stewardpartners.com

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SOURCE Steward Partners Global Advisory, LLC