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Steward Partners Welcomes Charles D. Johnston to Board of Directors


Steward Partners Welcomes Charles D. Johnston to Board of Directors

Former President of Morgan Stanley Smith Barney is the Latest Addition to Steward Partners' Board

PR Newswire

NEW YORK, Aug. 9, 2018 /PRNewswire/ -- Steward Partners Holdings, LLC (Steward), the holding company for Steward Partners Global Advisory, announced today that Charles D. Johnston has joined the company as the tenth member of the firm's Board of Directors.

Johnston is an established industry veteran with more than thirty-five years of experience working in the wealth management and financial advisory space, and brings extensive executive leadership and board of director experience to his new role. Previously, Johnston served as President and CEO of Smith Barney from 2004 until 2009, when he was named President and COO of Morgan Stanley Smith Barney, the firm's joint venture with Morgan Stanley and the largest-ever merger in the brokerage business. As President of the combined business, Johnston oversaw $1.7 trillion in assets under management before retiring in 2011, and was well-known and respected by his peers and employees as an advisor advocate.

"Our board is comprised of some of the most well-known leaders in their industries, each of whom brings their own unique expertise and insight to the firm," said Jim Gold, Steward Partners' CEO. "Charlie's extremely admired and respected within the wealth management space and he's the exact type of industry leader to complement our already esteemed board. We couldn't be more grateful to welcome someone with the influence, accomplishments and contributions to the industry that Charlie has."

"Since our inception, our team has been focused on building Steward Partners into something truly special, with a model and offering that is unlike so many others in the industry," added Hy Saporta, Steward Partners' President. "As our firm continues to grow and evolve, it's exciting to welcome a leader like Charlie who not only understands the industry and where it's heading, but our firm's own vision for the future as well."

"Steward Partners' model stands apart from the pack in an industry known for its adherence to traditions and hesitancy to evolve," stated Johnston. "I'm thrilled to be joining a team with such strong results, client-focused service and commitment to their advisors."

"The last year alone has shown just how much Steward's model and philosophy resonates with the industry's best financial advisors," said Michael McMahon, Steward Partners' chairman of the board. "In this time of growth, we are excited to welcome a leader like Charlie to help expand Steward's vision across all levels of the industry."

Currently, Johnston serves as the chairman of the board for Bank Leumi US, the largest Israeli bank in the United States, and serves on the board of Pzena Investment Management, a deep value equity manager. He is the tenth member of Steward Partners' board, following most recently Stuart McFarland, who joined the board in January of this year.

Johnston joined Smith Barney in 1998, holding various roles before being named President and CEO in 2004. He came to Smith Barney from Lehman, Kuhn, Loeb where he served a number of roles after beginning his career in 1978 with Merrill Lynch as a financial consultant. He holds a B.S. in Marketing and Finance from Purdue University.

About Steward Partners Global Advisory
With offices in Albany, N.Y., Andover and Boston, Mass., Baltimore and Bethesda, Md., Clearwater, Fla., Houston, Tex., Keene, Manchester and Portsmouth, N.H., Paramus, N.J., Richmond, Va., New York City, Washington, D.C., and Newtown, CT, Steward Partners Global Advisory, LLC, is an employee-owned, full-service independent partnership catering to family, institutional and multigenerational wealth.

For more information, visit us at

About Raymond James Financial Services, Inc.
Raymond James Financial Services, Inc. is a financial services firm supporting more than 4,300 independent financial advisors nationwide. Since 1974, Raymond James Financial Services Inc., member FINRA/SIPC, has provided a wide range of investment and wealth planning related services through its affiliate, Raymond James & Associates, Inc., member New York Stock Exchange/SIPC. Both broker/dealers are wholly owned subsidiaries of Raymond James Financial, Inc. (NYSE-RJF) a leading diversified financial services company with approximately 7,600 financial advisors in 3,000 locations throughout the United States, Canada and overseas. Total client assets are $754 billion. Charlie Johnston and Michael McMahon are not affiliated with Raymond James.

Steward Partners Holdings and Steward Partners Global Advisory, LLC, maintain a separate professional business relationship with, and our registered professionals offer securities through, Raymond James Financial Services, Inc., member FINRA/SIPC. Investment advisory services offered through Steward Partners Investment Advisory, LLC, 1776 I Street NW, Suite 700, Washington, DC 20006Toll Free: (844) 801-8268.

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