Steward Acquires Monaco and Saling Simms


May 2, 2024

On April 18, 2024, Steward Partners announced it acquired Monaco Capital Management, LLC and Saling Simms Associates, Inc.

Steward Partners (“Steward”) has announced that it acquired Monaco Capital Management, LLC (“Monaco”) and Saling Simms Associates, Inc. (“Saling Simms”). Monaco and Saling Simms advisors will become equity partners and employees of Steward. Monaco will merge into one of Steward’s existing offices in Virginia Beach, while Saling Simms and its four advisors will become Steward’s first office in Columbus. 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 December 2023, Steward had approximately $10 billion in assets under management.

Monaco, based in Virginia Beach, Virginia, is an investment advisory firm offering financial planning and wealth management services. As of February 2023, Monaco had $171.9 million in assets under management.

Saling Simms, based in Columbus, Ohio, is an independent registered investment advisor providing financial services to individuals, associations, and businesses. As of March 2023, Saling Simms had $262.9 million in assets under management.

To read the press release: please click here.

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