Steward Partners Acquires $1.1B Bay Area Firm


Steward Partners, an employee-owned hybrid partnership of independent advisory firms, has acquired Consilium Wealth Management, a Danville, Calif.-based registered investment advisor with $1.1 billion in client assets, expanding Steward’s presence in the Bay Area.

Consilium was founded in 2010, and it consists of Partner John H. Seo and a team of about 10. The team joins Steward’s legacy division, which supports established teams seeking long-term succession and continuity. Advisors who come under the legacy division maintain their brand, while leveraging Steward’s scale, resources and operational support.

The RIA serves high-net-worth individuals and families in Northern California with portfolios exceeding $10 million in assets. Its affiliate company, Simplex Wealth Management, serves clients with $1 million or more in assets.

“This isn’t about transactions—it’s about relationships,” said Scott Danner, executive vice president and head of legacy at Steward Partners, in a statement. “We’re intentionally designing a culture where top-tier advisors identify the value in joining us because of the infrastructure, support and future-forward vision we offer. John’s expertise and the high-caliber clients he serves are a testament to the momentum we’ve built, and adding this incredible team accelerates that trajectory even further.”

Related:Zephyr’s Adjusted for Risk: Navigating Independence in Wealth Management

This follows news in May that Steward acquired Gainesville, Ga.-based Moore’s Wealth Management, a father-and-sons team that, under founder Scott Moore, has grown to $700 million in client assets.

Founded in 2013, Steward had over $40 billion in client assets as of January 2025. It has 553 partner firms, 282 advisors, and 69 offices across the country.




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