Steward Partners Welcomes New Advisor Team in Clearwater

Rhea-AI Summary

Steward Partners Global Advisory has welcomed the Blue Water Wealth Management Group in Clearwater, Florida. The team, led by Chris McAdoo and Richard Humphrey, brings $250 million in client assets from UBS. They specialize in personalized financial planning and investment strategies. McAdoo emphasized that Steward’s innovative model enhances client service. The firm operates as an employee-owned partnership linked with Raymond James Financial Services, which has approximately $896 billion in client assets as of December 31, 2019.

Positive

• Addition of Blue Water Wealth Management Group enhances client service capabilities.
• The team oversees $250 million in client assets, indicating strong financial backing.
• Focus on personalized financial planning and investment strategies aligns with market needs.

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• None.

CLEARWATER, Fla., July 8, 2020 /PRNewswire/ -- Steward Partners Global Advisory, LLC, an employee-owned, full-service independent partnership associated with Raymond James Financial Services, Inc. (member FINRA/SIPC), today announced that the Blue Water Wealth Management Group has joined the firm in Clearwater, Florida.    

The Blue Water Wealth Management Group is comprised of Chris McAdoo and Richard Humphrey, CFP®, ChFC®, whom each join Steward Partners as Managing Directors from UBS where they oversaw $250 million in client assets. Within their practice, they focus on developing, implementing and managing personalized financial plans for clients and their families, as well as developing tailored risk management and investment strategies for small businesses. The team also has a key focus on portfolio construction, asset allocation and stock selection strategies.

"It's always exciting to be able to welcome talented advisors like Chris and Richard," said Chris Barton, Divisional President at Steward Partners. "While their experience in the business speaks for itself, their values and dedication to their clients are what make them such a great addition to the Steward team."

"This is the beginning of an exciting new chapter, both for our team and more importantly our clients," said Chris McAdoo. "Steward's innovative model, combined with the technology of Raymond James, allows us to provide clients with more options and flexibility as we help them achieve their financial goals." 

Prior to his time in the industry, Chris McAdoo served in the United States Air Force before eventually joining Paine Webber in 1989. He would go on and spend nearly 15 years holding various positions at Merrill Lynch and Smith Barney before eventually joining UBS in 2006. Outside the office, he is an active supporter of the United Way and The Clearwater Family YMCA.

Richard Humphrey previously served in the United States Marine Corps before eventually joining UBS in 2001, where he has been working and helping clients ever since. He holds Series 7, 31, and 66 licenses and outside the office is an active member of the Tarpon Springs Chamber of Commerce and Rotary International.

For more information, visit www.stewardpartners.com.

About Steward Partners Global Advisory

With offices in Newtown, CT., Washington, D.C., Clearwater, FL., Andover and Boston, MA., Baltimore and Bethesda, MD., Portland, ME., St. Louis, MO., Hendersonville, NC., Keene, Manchester and Portsmouth, NH., Paramus and Morristown, NJ., Albany and New York City, NY., Plymouth Meeting, 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. 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 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 8,100 financial advisors throughout the United States, Canada and overseas. Total client assets are approximately $896 billion as of 12/31/19.

Steward Partners Holdings, 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.

Certified Financial Planner Board of Standards Inc. owns the certification marks CFP®, CERTIFIED FINANCIAL PLANNER TM, CFP®, (with plaque design) and CFP®(with flame design) in the U.S. which it awards to individuals who successfully complete the CFP Board's initial and ongoing certification requirements.

Media Contact:

Water & Wall
StewardPR@waterandwallgroup.com
212-343-2363

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SOURCE Steward Partners Global Advisory, LLC

FAQ

What new team joined Steward Partners Global Advisory in Clearwater?

The Blue Water Wealth Management Group, led by Chris McAdoo and Richard Humphrey, has joined Steward Partners.

What assets does the Blue Water Wealth Management Group oversee?

The Blue Water Wealth Management Group oversees $250 million in client assets.

What is the focus of the Blue Water Wealth Management Group?

The group focuses on personalized financial planning and tailored investment strategies.

How does Steward Partners enhance client service?

Steward Partners combines an innovative model with technology from Raymond James to provide more options and flexibility for clients.

What is Raymond James Financial Services known for?

Raymond James Financial Services supports independent financial advisors nationwide and has approximately $896 billion in client assets.