It is hard to believe we have been at our “new” firm (Steward Partners) for about three years now. As the saying goes… ”time flies when you are having fun!”
We thought it helpful to provide our extended client family with an update on how our firm continues to grow, improve and evolve.
The most important thing for our clients to remember is that we now are able to offer fiduciary-centric advice. Said another way, we are in a position to put the needs of the client first at all times. We continue to be very pleased with the resources, technology and services that Steward Partners affords us and our valued clients.
A few highlights about Steward Partners (data as of 12/31/20):
• Over $17 billion of client assets (The Price Group manages approximately $550 million of these client assets)
• 24 offices across the U.S. including three offices in Texas (Houston, Dallas and Austin)
• Ranked by The Financial Times as one of the Top 300 Registered Investment Advisory (RIA) firms in the country in 2020
• Ranked #24 in Barron’s List of Top RIA Firms in the U.S. in 2020
• Recognized by Inc. 5,000 as the 1,127th fastest growing company in the U.S. in 2020
• 262 partners at the firm (all are stockholders)
• The firm is profitable and strongly capitalized
Because of our ability to put the needs of the client first and our unique employee owned structure, our firm continues to be an attractive option for financial advisors from the large brokerage firms.
Once again, a sincere THANK YOU for your continued trust and confidence in The Price Group. We are very appreciative for the opportunity to serve each of you. Our continued goal is to make a meaningful difference in your life, personally and financially.
About The Author
Randy Price serves as a Partner and an Executive Managing Director for The Price Group of Steward Partners. He resides in Houston with his wife, Lindy, and the family golden retriever. Lindy and Randy are recent empty nesters as their five children have all moved out of the house. Over the past 30+ years, Randy has helped families find comfort, confidence, and clarity regarding their wealth and their legacy. Randy firmly believes that everyone needs a wealth coach!
The Financial Times FT 300 Registered Investment Advisors 2020 award had about 39.5% of the 760 advisor applicants being recognized as a Registered Investment Advisor. The FT used the database of RIAs who are registered with the U.S. Securities and Exchange Commission (SEC), and selected those practices reporting to the SEC that had $300 million or more in assets under management, and no more than 75% of the AUM with institutional clients. Additionally, the firm must be independent (not the RIA arm of a broker dealer for example). Qualifying RIA firms filled out an online application and questionnaire that gave more information about their practices. That information was augmented with their own research on the candidates, including data from regulatory filings. The FT generated an internal score for each applicant based on six broad factors: advisor assets under management, AUM growth rate, the firm's years in operation, advisors' industry certifications (CFA, etc.), compliance record, and online accessibility. AUM and asset growth comprise roughly 80 percent to 90 percent of each RIA's score. Additionally, to provide a diversity of advisors, the FT placed a cap on the number of RIA's from any one state that's roughly correlated to the distribution of millionaires across the U.S. The ranking may not be representative of any one client's experience, is not an endorsement, and is not indicative of an advisor's future performance. Neither Raymond James nor any of its Financial Advisors or RIA firms pay a fee in exchange for this award/rating. The FT is not affiliated with Raymond James. Barron's Top 100 RIA Firms, 2020. Barron's is a registered trademark of Dow Jones & Company, L.P. All rights reserved. Participation in this ranking is by invitation only and limited to firms that meet the minimum eligibility requirements. About 200 firms were nominated, with 100 being ranked. Participating firms were evaluated and ranked on a wide range of quantitative and qualitative data, including: assets overseen by the firm, revenue generated by the firm, level of technology spending, number of clients, size of staff, diversity across staff, and placement of a succession plan. The ranking may not be representative of any one client's experience, is not an endorsement, and is not indicative of an advisor's future performance. Neither Raymond James nor any of its Financial Advisors pay a fee in exchange for this award/rating. Barron's is not affiliated with Raymond James. Ð'dThe 2020 ranking of Inc. Magazine's Inc. 5000 list, is based on the percentage of revenue growth over a three-year period, 2016 to 2019. To qualify, companies must have been founded and generating revenue by March 31, 2016. They had to be a U.S.-based, privately held, for profit, and independent as of December 31, 2019 - not subsidiaries or division of other companies. The minimum revenue required for 2016 was $100,000, the minimum revenue required for 2019 was $2,000,000. Inc. Magazine reserves the right to decline applicants for subjective reasons. This award is bestowed by an independent third party not affiliated with Raymond James. Raymond James has not paid a fee in exchange for this award. However, the applicant does pay a $245 application fee in order to apply for the award. The application fee helps to cover some of the cost to Inc. Magazine associated with running the program. This recognition is not indicative of future performance, is not an endorsement, and may not be representative of individual clients' experience.