Steward Partners and Raymond James Land High-Profile UBS Team in New York City

WASHINGTON, Dec. 5, 2017 /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 David Bernacchia, Managing Director, and Darren DeQuatro, Senior Vice President, have joined Steward Partners' New York City office from UBS, where they managed approximately $250 million in client assets, and had annual revenue of $2 million. Year to date, Steward Partners has added nearly $3.5 billion in recruited assets under management and 30 new wealth managers.

"It's exciting to add high-caliber advisors like David and Darren to our team," said Hy Saporta, Steward's president. "They will be a terrific complement to the current partners at our midtown Manhattan office. Both David and Darren epitomize what Steward Partners is all about: great people running great businesses."

"I've been enormously impressed by the leadership and the transition team at Steward Partners," said Bernacchia. "Choosing the best path forward for my clients, my team and my family meant weighing a variety of considerations. Steward Partners, with the support and platform of Raymond James, offers the perfect combination of practice management, sophisticated investment products and tools, outstanding client service capabilities and, especially, firm culture. Steward's hybrid model provides me with both the freedom and the resources to focus on the individual needs of my clients."

Jim Gold, CEO of Steward Partners, described Bernacchia as "one of the area's most respected advisors, and that's remarkable when you consider the sheer number of elite advisors in the New York City area. It's an honor to welcome David and Darren as partners, and we look forward to growing our New York office with more people who, like David and Darren, share our values and demonstrate the highest levels of character and integrity."

Since November 2013, Steward Partners has added over 70 advisors with nearly $60 million in trailing 12-month production and over $8 billion in assets under management. During the year, Steward Partners announced the opening of four new locations, in Clearwater, Fla., Boston, Baltimore and Paramus, N.J.

About Steward Partners Global Advisory

Headquartered in Washington, D.C., with additional offices in Albany, N.Y., Andover and Boston, Mass., Baltimore and Bethesda, Md., Clearwater, Fla., Keene, Manchester and Portsmouth, N.H., Paramus, N.J., and New York City, 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 3,900 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 7,300 financial advisors in 3,000 locations throughout the United States, Canada and overseas. Total client assets are $693 billion.

Steward Partners Holdings and Steward Partners Global Advisory, LLC, 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