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Stewart Wealth Management Group
To Join Cary Street Partners

RICHMOND, VA – Stewart Wealth Management Group of Fredericksburg will join Cary Street Partners, a Richmond-based investment banking and wealth management firm, under an agreement the two companies announced today.

The agreement is effective June 25 and comes as Cary Street Partners approaches its fifth anniversary this fall.  All of the Stewart employees will continue to serve under the new structure.  Financial terms of the transaction were not disclosed.

“This is an exciting time for Cary Street Partners,” said Chairman Mark Gambill.  “I have known Doug Stewart for 15 years since our days together at Wheat First.  He embodies our philosophy of giving clients professional and unbiased advice.”

Stewart Wealth Management serves high net worth individuals, non-profit organizations and corporations.  Managing Director, Douglas G. Stewart, has 20-plus years of experience in the investment advisory business and is consistently ranked in the top 1% of all investment advisers in the country.  Stewart’s group manages nearly 650 million in assets for individuals, corporations and endowments.

Before the creation of Stewart Wealth Management Group, Stewart served 10 years as branch manager of the Fredericksburg retail office of the former Wheat, First Securities, before it was acquired by First Union/Wachovia Securities in 1998.  He will become a senior officer and director of Cary Street Partners.

In 1999, Stewart was recognized by Registered Representative magazine as one of the top 10 brokers in the country.  In 2005 and in 2006, he was named in the book, “The Winners Circle” by R. J. Shook, as one of the top five financial advisors in Virginia.

Cary Street Partners is an investment banking and wealth management advisory firm formed in 2002 by a group of high-level financial executives to bring their experience at major investment houses to individuals and organizations that value skill over scale.  Cary Street Partners’ financial strategists are given the time and resources to develop superior advice and deliver the personalized service of an advisory boutique.  Cary Street Partners is headquartered in Richmond, Virginia and has offices in Atlanta, Georgia, Fredericksburg, Virginia and High Point, North Carolina.  Cary Street Partners will have more than $1 billion in assets under management and serve more than 200 clients in 27 states.  For more information, please visit www.carystreetpartners.com.

Contact:  Tom Tullidge, 804.521.3340
ttullidge@carystreetpartners.com