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A steward managed the financial and real assets of his employer, who might be a lord, king, or some other person with sufficient wealth that it needed to be managed. The steward's job included accounting, managing rent and other income, and keeping track of expenses. It often extended beyond these and could even include acting as butler.

Stewards were sometimes very powerful, and some were even more powerful than the people they served. The Frankish office of majordomo was for the steward of the king. Eventually Charles Martel, as majordomo, deposed the last Merovingian king of the Franks, taking full control himself, with the pope's blessings. Similarly, the Scottish Stewart family got its name from the office of royal steward, but eventually married into the royal family and wound up in possession of the throne.

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