Steward Partners just dropped a $475 million headline, and it’s not just a number, it’s a statement. Ares Credit funds led the round, joined by existing investors The Cynosure Group and The Pritzker Organization. That’s not a syndicate, that’s a strategic alliance. This brings Steward’s total capital raised to $625 million, but the real figure everyone’s watching is the one that’s not disclosed: valuation. Because when a firm built on ownership starts scaling like this, you can’t price conviction.
Founded in 2013 by Jim Gold and Hy Saporta, two Wall Street veterans who swapped corporate ceilings for open skies, Steward Partners began with three advisors managing under $100 million. Today, they’re approaching $50 billion. That’s not growth; that’s acceleration powered by belief. Gold and Saporta didn’t build another RIA, they built an ownership culture disguised as a firm. Every advisor holds equity. Every decision is driven by partnership over politics.
Now based in Stamford, Connecticut, with 70-plus offices nationwide, Steward Partners has become one of the fastest-growing independent firms in the country. Their hybrid model blends independent advisory under Steward Partners Investment Advisory, LLC with broker dealer capabilities through Steward Partners Investment Solutions, LLC. It’s freedom with infrastructure, a balance that gives advisors autonomy without chaos and clients confidence without compromise.
The scoreboard speaks for itself. Nearly $50 billion in client assets, up from $32 billion in 2023. Fourteen acquisitions closed this year alone, another $30 million in pipeline revenue ready for 2026. Over 290 advisors, a Top 10 ranking on Barron’s 2025 RIA list, five consecutive years on the Inc. 5000, and a 10 spot on USA Today’s Best Advisory Firms. Steward isn’t following the market, it’s shaping it.
The $475 million infusion isn’t an exit strategy, it’s a weaponized balance sheet. With Ares’ institutional firepower, Cynosure’s family-office perspective, and Pritzker’s patient capital, Steward Partners just aligned three pillars of smart money with one mission: scale independence without selling out.
The truth is, independence isn’t free, it’s financed. And Steward Partners just showed the industry how to fund freedom without losing identity. Jim Gold and Hy Saporta didn’t build a firm to sell; they built a legacy meant to last. This isn’t another RIA expanding its footprint, it’s a movement proving that partnership, when it’s real, compounds faster than capital ever could.
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