This Day On The Street
Continue to site right-arrow
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

Steward Partners Announces Former Citigroup, Smith Barney, Morgan Stanley Executive Hy Saporta Has Joined As COO

Stocks in this article: RJF

WASHINGTON, Feb. 10, 2014 /PRNewswire/ -- Steward Partners Global Advisory LLC, an employee-owned, full service partnership catering to family, institutional and multi-generational wealth, announced today that Hy Saporta has been named Chief Operating Officer and Managing Director.  Mr. Saporta is a founding partner and will report to Mike Maurer, CEO of Steward Partners.

"Given our rapid growth since inception (90 days ago), we realized we had a tiger by the tail, and needed a seasoned executive who understands the intricacies involved in expanding operations," said Mike Maurer, chief executive officer and founding partner of Steward Partners.  The firm has opened three offices in less than 90 days and is planning additional office openings in 2014.

Most recently, Mr. Saporta was chief operating officer for Citigroup's Global Learning and Development division responsible for overall business operations servicing 250,000+ employees globally.  Prior to Citigroup, Mr. Saporta was a managing director at Morgan Stanley Smith Barney and a member of the firm's management committee.  He was responsible for building out the Client and Field Experience program, focused on internet strategy and user engagement, the new account opening experience, performance reporting, client communications and client service metrics.  His advisor-facing responsibilities included the Field Services Group, a support network dedicated to guiding financial advisors through a vast array of products, services and technology.  

"We are experiencing a tremendous volume of interest from advisors," said Jim Gold, president of Steward Partners, "We knew we needed someone with Hy's experience and skill set to keep the operations running smoothly, and our concierge client experience functioning at the highest level while we respond to the field."

"I have long recognized that the wealth management industry was in the midst of a massive change," said Hy Saporta, chief operating officer of Steward Partners. "When I heard about the firm, I looked at the model and realized it would be transformative for our industry."

1 of 2

Select the service that is right for you!

Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!


DOW 17,804.80 +26.65 0.15%
S&P 500 2,070.65 +9.42 0.46%
NASDAQ 4,765.38 +16.9840 0.36%

Brokerage Partners

Rates from

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs