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Steward Partners Secures $475 Million in Strategic Capital From Ares

Earlier this year, Steward Partners secured $475 million from Ares Management Corporation in a non-controlling minority stake with expanded lending, with Piper Sandler & Co. as exclusive financial advisor.
Steward Partners emphasized preserving partner-led governance while adding capital, with Hy Saporta saying 'We weren't looking for capital alone, we were looking for alignment, vision, and partnership' and leadership retaining strategic control.
Legal counsel on the transaction included Cahill Gordon & Reindel LLP for Ares and Ropes & Gray LLP and Latham & Watkins for Steward Partners, while Cynosure's 2019 investment started three capital events.
Nearly $50 billion in client assets will benefit from expanded capacity after the investment, with Jim Gold, Chief Executive Officer of Steward Partners, calling it 'another defining milestone for Steward Partners' and Chairman Keith Taylor highlighting returns to employee-owners.
Pairing institutional resources with Steward Partners' partner-led model positions the firm for growth, linking Steward's historic scale-up from three advisors and under $100 million to Ares Management Corporation's global platform of over $595 billion AUM as of September 30, 2025.

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Steward Partners Secures $475 Million in Strategic Capital from Ares

STAMFORD, Conn., Dec. 19, 2025 /PRNewswire/ -- Steward Partners, an employee-owned independent financial services firm specializing in comprehensive wealth management solutions, today announced that it has raised $475 million in strategic capital from Ares Credit funds ("Ares"), comprising a significant…

4 months ago

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wealthmanagement.com

Steward Partners Lands $475M Investment from Ares Management

The deal with Ares Management includes a minority stake and an expanded lending relationship; in addition, minority investor Cynosure gets a chairman of the board seat as Steward looks to its “next chapter” of growth.

4 months ago

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