Steward Partners Global Advisory, an independent partnership associated with Raymond James Financial Services, has expanded its national presence by setting up a new office in Conshohocken, Pennsylvania.
This adds to the firm’s recent temporary location in Plymouth Meeting.
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The new office will be staffed by Jason Hevey, Ed Morenz, Kevin Dubner, Dean Rosini, and Jeffrey Lazarus.
Together, these advisers will bring $491m in AUM.
Rosini noted: “We are excited about the opportunities this move will create for our clients over the long-term.
“The added flexibility Steward provides will allow us to better serve and interact with them in ways which were often previously out of reach.”
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By GlobalDataHevey previously was at Morgan Stanley Smith Barney, where he managed over $123m in client assets and focused on HNW planning. He will be a director at Steward.
Besides, his practice specialises in asset management, alternative investments, and estate planning.
Morenz joins as vice president at The Monadnock Capital Group at Steward Partners in Keene, New Hampshire.
He formerly managed $150m in client assets at Edward Jones.
Dubner will serve as a vice president at Steward.
He earlier managed $75m in client assets at Janney Montgomery Scott. His practice specialises in retirement and financial planning, portfolio management, and insurance planning.
Rosini and Lazarus will serve as vice presidents at Steward.
Together, the pair managed $143m in client assets at Wells Fargo.
The two intend to create a new team at Steward and support clients in estate planning as well as management of retirement accounts.
Steward Partners head of Wealth Management Doug Kentfield said: “We’ve seen growing interest in the Philadelphia market since opening in Plymouth Meeting late last year.
“This new space is larger and has more offices, which allows us to combine our Plymouth Meeting office into this new location and still have room to expand as interest in this area grows.”
Earlier this year, the firm welcomed the Plaza Advisory Group in St. Louis and Reservoir Road Financial Group in New York City, as well as opened an office in Norfolk.
Last year, the firm opened offices in Austin, Dallas, and Portland, Maine.
