Our Mission

Cary Street Partners is a wealth management firm committed to excellence in all aspects of our business. We are focused on where the industry is headed and work to get there first, challenging the status quo of old thinking and systems. We believe in individual responsibility and the power of aligning the interests of our clients, employees, owners and business partners in a culture that results in positive change and provides new opportunities.

Our History

2021

Elected Richard M. Hazel to the Board of Directors

Cary Street Partners Named to The Barron’s List of 2021 Top Registered Investment Advisors for second consecutive year

Firm reaches $5 Billion in Total Assets

Cary Street Partners recognized in Financial Advisor Magazine RIA Top 50 Fastest Growing Firms for second consecutive year

Partnership announced with First Generation Investors; Cary Street Partners sponsoring FGI chapters at the University of Richmond and Virginia Tech

CSP Global Portfolios exceed $800 Million

Douglas G. Stewart named Chairman of the Board

2020

Cary Street Partners named to Barron’s list of 2020 Top 100 Registered Investment Advisors in the United States

Cary Street Partners recognized in Financial Advisor Magazine RIA Top 50 Fastest Growing Firms

Cary Street Partners named to 2020 Financial Times 300 Top Registered Investment Advisors

Firm reaches $4 Billion in Total Assets

Acquisition of Waypoint Advisors

Firm changes holding company name from Luxon Financial LLC to Cary Street Partners Financial LLC

2019

Elected Derron Slonecker to the Board of Directors

Firm announces strategic alliance with Ducera

Acquisition of Tradition Capital Management

Firm reaches $3.8 Billion in Total Assets

CSP Global Portfolios reach $500 Million in Total Assets

2018

Cary Street Partners named to Financial Times Top 300

CSP Global Portfolios first annual third party performance verification

Moved corporate headquarters to East Byrd Street in Richmond, VA

CSP Global Portfolios added to Morningstar

CSP Global Portfolios added to the Envestnet platform

Internalized compliance and operations

CSP Global Portfolios exceed $400 Million

2017

Acquired Rafalko Advisors, Inc.

Recapitalized holding company as Luxon Financial LLC

Established Luxon Insurance Services

Elected new Board Members

Firm reaches $2.5 Billion in Total Assets

Established Luxon Asset Management

2015

Joseph R. Schmuckler joined as Chief Executive Officer

2013

Acquired Riverstone Wealth Management in Austin and San Antonio, TX

Firm reaches $2 Billion in Total Assets

2011

Opened Johnson City, TN office

2010

Opened Charlotte, NC office

2009

Opened Abingdon, VA office

2008

Firm reaches $1 Billion in Total Assets

2007

Acquired Stewart Wealth Management in Fredericksburg, VA

Acquired Soles Bower Smith & Co. in Greensboro, NC

2004

Started Wealth Management business in Richmond, VA

2003

Obtained Broker / Dealer License

2002

Firm founded by Mark M. Gambill and Thomas H. Tullidge Jr.