Steward Partners Global Advisory, an independent partnership associated with Raymond James Financial Services, has appointed a former Merrill Lynch team to open its new office in Richmond, Virginia.
The team comprises financial advisers Richard Godfrey and Matthew Spradlin of the Godfrey & Spradlin Group. At Merrill Lynch, the team managed $180m in assets.
“The resources, management team and firm culture that exist here at Steward Partners and Raymond James offer us the opportunity to serve our clients in a far more meaningful way. When our team has the ability to focus on our client service model rather than on back-office headaches, everything else just clicks,” Spradlin noted.
The Richmond office is the thirteenth office of the firm. Its other offices are located in Albany, Andover, Boston, Baltimore, Bethesda, Clearwater, Keene, Manchester, Portsmouth, Paramus, New York City and Washington, D.C.
Steward Partners president Hy Saporta said: “The announcement of our newest location in Virginia marks another amazing milestone for the partnership. We continue to see the company expand into affluent markets, mainly because of the demand we are receiving from highly developed teams in those areas. Advisers across the country have found Steward’s model increasingly attractive.”