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Hybrid RIA Steward Partners is adding a independent contractor model to its existing business that will provide indie advisors with equity in the firm.
The group, which is an employee-owned, independent advisor partnership associated with Raymond James, says is rolling out the 1099 channel "in response to increased advisor requests for local autonomy, coupled with the significant resources and equity opportunity that are unique to Steward."
"Our new affiliate model was created with entrepreneurial advisors in mind," according to CEO Jim Gold. "We know that different advisors have different needs, and we couldn't be more excited to expand and evolve our business by offering advisors more options as they consider the move to independence."
