Steward Companions Provides $700M-Georgia-based Moore’s Wealth

Steward Companions, an employee-owned hybrid partnership of unbiased advisory corporationshas added Gainesville, Ga.-based Moore’s Wealth Administration to its platform of over 280 unbiased monetary advisors.

Moore’s Wealth is a father-and-sons workforce that, below founder Scott Moore, has grown to $700 million in consumer property. Sons Chris and Brian Moore, who’re companions, will make the transition together with companion Mark Peterson, monetary advisor Isaac Pitt and 4 help workers.

Scott Moore based the agency in 2009 after working for a division of Citigroup for nearly 20 years, then constructed it up with a give attention to tax-efficient planning, wealth preservation and personalised wealth providers. Now, it is going to be Moore’s Wealth Administration at Steward and is on the RIA’s Kind ADV.

“Moore is an ideal match as a multi-generational household that has constructed an important status of their neighborhood of Gainesville and throughout Georgia,” stated Scott Danner, Steward’s EVP and head of its legacy M&A division. “They have been on the lookout for strategic partnership, continuity for each their shoppers, in addition to the continuity for his or her apply and the subsequent technology inside their enterprise, and we have been capable of facilitate that as a companion for them.”

Scott Moore stated he and his workforce began contemplating a sale to a bigger RIA a number of years in the past to assist help progress and place it for the long run. Nonetheless, they finally gave up because the partnerships have been by no means the proper match. Then, in 2024, a member of their prolonged household linked with an M&A dealer within the area, who introduced Moore’s Wealth an inventory of suitors to think about.

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Moore stated Steward Companions stood out partly resulting from its availability and give attention to responding to them.

“Once we would ask a query of Steward, we might both get a solution on that Zoom name or inside a number of hours of that day,” Scott Moore stated, including that wasn’t the case for different potential acquirers. “They most likely must have a gathering to determine once they have been going to have a gathering, after which they most likely would have three extra conferences to give you the reply.”

One query Steward Companions addressed within the acquisition course of was whether or not Moore Wealth may proceed with Constancy Investments as its custodian. Steward, which hadn’t been providing Constancy earlier than the deal, has now introduced them on as a custodial choice together with Schwab, Pershing and Raymond James.

That sort of responsiveness made a distinction for the Moore workforce. As did the potential for serving to it streamline processes and get extra bandwidth to give attention to shoppers, stated Chris Moore.

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“We’re very excited with the brand new processes which can be out there to our workers,” Moore stated. “We really feel like that is an enhancement for them …. and it’ll permit us to do what we do greatest—simply put me in entrance of individuals. That’s all I would like.”

Steward, which launched in 2013, acquired a minority funding stake from The Cynosure Group in 2019 and one other from The Pritzker Group in 2021.

M&A head Danner stated the agency’s Legacy Division was constructed primarily on wirehouse breakaways. Nonetheless, it has not too long ago grown with bigger unbiased advisors similar to Moore’s Wealth.

“The RIAs which can be $5 million income and above are doing a lot of the busy work and coping with so many challenges which can be taking them away from what they love doing,” Danner stated.

Scott Moore additionally famous a side he stated typically goes undiscussed by advisors who’ve made a sale or are pursuing one: bettering the standard of life for him, his household and his staff.

“This chance with Steward has given us a possibility to have a high quality of life,” he stated. “As a result of in the event you’re going to continue to grow with out the sources of an organization like Steward, you’re not going to have a lot of that. And I believe that’s actually necessary.”

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Steward Companions CEO Jim Gold is taking part in a panel dialogue about how you can determine, consider, and combine under-the-radar corporations at Wealth Administration EDGE, June 10-12, at The Boca Raton Resort. Register to attend now.