Steward Partners, an employee-owned, full-service independent partnership catering to family, institutional and multigenerational investors, has expanded its presence in New Jersey with the addition of the Mainstay Wealth Management team, according to Barron’s.
Mainstay Wealth Management, based in Riverdale, N.J., is a former Ameriprise Financial advisory practice that had managed $850 million in assets.
On its website, Mainstay Wealth Management names Steward Partners as a strategic relationship along with Raymond James, which the firm says, in conjunction with Steward Partners, it selected as a custodian and platform provider.