June 2, 2022

Alex. Brown welcomes client advisor managing $375 million in assets in Maryland

ST. PETERSBURG, Fla. – Alex. Brown, a division of Raymond James, welcomed experienced financial advisors William “Bill” Stewart III, who joins the firm as a director, and W. Grove Stewart IV at its Annapolis, Maryland office, according to Marcus Aiello, regional executive of Alex. Brown’s Mid-Atlantic market.

Operating as Stewart Wealth Advisory Group, together they serve a range of clients including owners of privately held businesses and their families, specializing in helping them navigate the arc of wealth transition. The duo was previously affiliated with Janney Montgomery Scott, where they managed approximately $375 million in client assets.

“It was extremely important to our team to find a firm whose culture, history, resources and financial strength are second to none in the financial services industry, and Alex. Brown checked all of the boxes,” said Bill.

Prior to joining Alex. Brown, Bill was with Janney Montgomery Scott as an executive vice president. He has over 35 years of experience in the financial industry, dating back to 1986 when his career began in New York with Kidder Peabody & Company. When the firm was sold in 1994, he joined Smith Barney before being recruited by Donaldson, Lufkin & Jenrette as the national manager of DLJ Consulting. In 2003 he joined Legg Mason Wood Walker whose private client group was exchanged for Citigroup's Asset Management operation in 2005 and finally became Morgan Stanley in 2008. Bill is a graduate of Duke University.

Grove began his career as a financial advisor trainee in 2017 when he joined his father, Bill, at Janney Montgomery Scott. He is currently participating in the firm’s Advisory Mastery Program, a holistic educational program to position early career financial advisors for success. He earned his bachelor’s degree from Harvard University.

“I’m pleased to welcome Bill and Grove to Alex. Brown, the extent and quality of their collective industry experience makes it clear that they share the firm’s values and high level of integrity. They will be an excellent addition to the team as we continue to expand our presence throughout the country,” said Haig Ariyan, president of Alex. Brown.

About Alex. Brown, a division of Raymond James
Alex. Brown, a division of Raymond James, was originally founded in 1800, becoming the nation’s first investment bank. Alex. Brown advisors offer financial planning and wealth management services for high-net-worth individuals and institutions. The division’s broker/dealer of record is Raymond James & Associates, Inc., member New York Stock Exchange/SIPC, a wholly owned subsidiary of Raymond James Financial, Inc. (NYSE-RJF), a leading diversified financial services company with approximately 8,700 financial advisors throughout the United States, Canada and overseas. Total client assets are $1.18 trillion. Additional information is available at