Steward Partners Welcomes New Advisory Team in New York

Rhea-AI Summary

Steward Partners Global Advisory announced the addition of the Reservoir Road Financial Group to its team in New York City. The group, consisting of Ken Roban and Heidi Scali, brings with them $220 million in client assets, emphasizing investment consulting and wealth management that aligns with clients' values. Hy Saporta, President of Steward Partners, expressed excitement about this expansion, which reflects a growing interest in their client-focused model. Steward Partners continues to grow rapidly and offers a unique affiliate model for advisors.

Positive

• Addition of Reservoir Road Financial Group enhances client asset base by $220 million.
• Expansion highlights growing interest in Steward Partners' client-focused advisory model.
• Strong leadership with experienced professionals joining from UBS.

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• None.

NEW YORK, June 18, 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 Reservoir Road Financial Group has joined the firm in New York City.  

The Reservoir Road Financial Group is comprised of Ken Roban and Heidi Scali, who join the firm from UBS as a Managing Director and Vice President, respectively. They previously oversaw $220 million in client assets and focus on helping clients with investment consulting, financial planning, wealth management and relationship management to ensure each client's investments are aligned with their values and long term goals.

"Ken and Heidi are a highly-talented team who share the same values as all of us at the firm, which starts with putting clients first," said Hy Saporta, President of Steward Partners. "We couldn't be happier to welcome them to our growing Steward Partners family and are excited that our model continues to resonate so well in the marketplace."

"Deciding to move is never an easy decision, but after learning about Steward Partners and the value we would be able to add to our clients by aligning with them, the choice became clear," added Ken Roban. "Heidi and I are thrilled about this new opportunity and we're looking forward to getting started."  

Ken Roban started his career at Lehman Brothers before transitioning to Morgan Stanley as a portfolio manager, where he worked for six years before joining UBS in 2010. He holds a degree in economics from Cornell University and an M.B.A. in finance and economics from NYU Stern School of Business. Outside the office, he serves as a member of the Westchester Business Council and is an enthusiastic supporter of the Northern Westchester Community Center.

Heidi Scali started her career with Bear Sterns as a part of their management training program in international equity settlements before joining Chicago Research and Trading, a U.S. government bond dealer and options trading firm. She would later go on to hold various positions at Gillespie, Robinson & Grimm and Gary Goldberg Financial Services before joining UBS in 2015.  She holds a degree in finance from Syracuse University and is series 7, 63, 65, and Life, Health & Variable Annuities licensed.

Steward Partners is one of the fastest-growing wealth advisory firms since its founding in 2013. A growing number of advisors seeking a client-focused, advisor-friendly company have shown strong interest in Steward Partners to date. To accommodate this interest, the firm unveiled a new 1099 affiliate model in late 2019, which offers advisors the ability to run their own office and local profit and loss statement, while maintaining a connection to the firm's robust infrastructure.

For more information, please 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.

Media Contact:

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

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SOURCE Steward Partners Global Advisory, LLC

FAQ

What recent news did Raymond James Financial (RJF) announce?

Raymond James Financial's partnership, Steward Partners Global Advisory, announced the recruitment of Reservoir Road Financial Group in New York City.

Who are the new members of Steward Partners Global Advisory?

Ken Roban and Heidi Scali, former UBS executives, joined Steward Partners, overseeing $220 million in client assets.

How much in client assets did the Reservoir Road Financial Group manage before joining Steward Partners?

The Reservoir Road Financial Group managed $220 million in client assets before joining Steward Partners.

What does the addition of Reservoir Road Financial Group mean for Steward Partners?

The addition strengthens Steward Partners' client asset base and reinforces its growing model focused on client priorities.