Steward Partners hired two advisors from Wells Fargo, marking the latest gains for the fast-growing independent firm affiliated with Raymond James.
Advisors Corrado Spezzacatena and James Galbraith III joined Steward Partners' office in Morristown, New Jersey.
Since its founding in 2013, Steward Partners has picked up a number of wirehouse advisors and added new offices in nine states. The Washington, D.C.-based firm continued its hiring spurt through this year. Just last month,
Spezzacatena and Galbraith were drawn to Steward Partners and Raymond James for the platform and what they say is the greater flexibility offered by the independent business model.
“Moving firms can be a daunting task but we couldn’t be happier about this and what it means for our clients,” Spezzacatena said in a statement.
In the first three months of 2024, both profits and client assets reached new heights at RayJay's Private Client Group.
Dr. Sangeeta Chhabra, co-founder and director of Ace Cloud Hosting, is a leader and innovative entrepreneur with more than 20 years of experience in the IT sector. She has positioned the company as a leading global provider of IT and managed cloud services, celebrated for its
Karen's focus is life insurance technology and trends. Her research concentrates on life, all aspects of life insurance processing including illustrations, eApplications and eSignature, new business and underwriting systems, policy administration systems, claims systems, and digital enablement technologies. Her consulting experience at Celent includes new business and underwriting system selections, policy administration system selections, distribution management system selections, vendor product strategy reviews, a life claims system benchmarking project, eApplication and automated underwriting cost analyses, plus several small life insurance technology analyses. Karen led Celent's Knowledge Management team for seven years. The KMC supports Celent's vendor assessments across all practices and helps manage vendor data on Celent's online platform, VendorMatch. She helped build out Celent's VendorMatch Digital Services Platform.
Both Spezzacatena and Galbraith had been with Wells Fargo since it acquired A.G. Edwards, the regional brokerage firm where the duo previously worked. Spezzacatena started working at A.G. Edwards in 2002, according to FINRA BrokerCheck records.
Galbraith first registered with Lehman Brothers in 1992. He moved his practice to A.G. Edwards in 1996, according to BrokerCheck.
A Wells Fargo spokeswoman was unavailable to comment.
The advisor losses are the latest for Wells Fargo where head count has fallen steadily since a fake accounts scandal came to light nearly two years ago and resulted in heightened regulatory scrutiny and hefty monetary penalties.
