Steward Partners

Zach and Barry Berg left the megabank for a newly rebranded advisory practice at the growing firm that now has 250 financial advisors and $38 billion in client assets.

The CEO of the 10-year-old hybrid RIA sees opportunity ahead to scoop up smaller practices in a tougher environment for buyers.

Planner Faiza Kedir became the first to use the new affiliation, as independent firms seek to boost their appeal across the industry's spectrum.

It’s unclear whether the independent firm will retain any broker-dealer or RIA affiliation with Raymond James.

The firm also added a new unit to accommodate its dramatic advisor growth — from one to 140 in seven years.

The independent firm has been an aggressive recruiter since its founding in 2013.

The slate of new hires come from several competitors including Wells Fargo and Edward Jones.

The advisors are based in Florida, while the new executive will oversee the New York tri-state area.

Some advisors have questioned the ethics of taking the loans, intended to help small businesses keep their employees on payroll.

CEO Jim Gold anticipates an uptick in advisor moves in coming months.