On November 21, 2024, Steward Partners, LLC announced its acquisition of Mainstay Wealth Management.
Steward Partners, LLC (“Steward”) announced, on November 21, 2024, that it acquired Mainstay Wealth Management (“Mainstay”). Mainstay brings 14 professionals to Steward, and Mainstay’s managing directors, Timothy Burklow Sr. and Matthew Rotella, will join Steward as managing directors and wealth advisors. Further terms of the transaction were not disclosed.
Steward, based in Washington D.C., is a full-service, employee-owned, independent financial services firm that offers wealth management solutions for families, businesses, and multigenerational investors. As of October 2024, Steward managed over $38 billion in client assets.
Mainstay, based in Riverdale, New Jersey, is a financial advisory firm specializing in financial position and investment strategies, income tax planning, and retirement planning. As of December 2024, Mainstay had approximately $850 million in assets under management.
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