NewEdge Wealth Launches Third-Party Platform for Ultra Rich

NewEdge Wealth, a $6.9 billion Stamford, CT-based registered investment advisor has rolled out a new platform – NewEdge Investment Solutions – for third-party financial advisors and institutions to tap the firm’s previously exclusive strategies for ultra-high-net-worth clients.

The platform offers access to the firm’s structured notes and the ability to set up managed investment strategies using them.

“Structured notes are powerful investment products that allow investors to achieve enhanced or consistent opportunities for growth while minimizing portfolio risk,” portfolio manager Michaelangelo Dooley, who leads the NewEdge Structured Note Strategies team, said.

NewEdge Wealth recruited seven advisors and opened three offices in the first half of the year, growing to nine offices nationwide. Gregory Pool joined its Miami office from Wellington Management in July. Josh Gully joined its Stamford headquarters from Morgan Stanley in April.

In June, the RIA opened offices in Nashville, with former UBS advisor Richard Ina, and in San Francisco, with former First Republic advisor John Froley. In March, NewEdge Wealth opened its Bentonville, Arkansas, office.

NewEdge Wealth, a division of NewEdge Capital Group founded in late 2020, supports a total of more than 300 financial advisors serving households, family offices and institutions.

“In combination with providing NewEdge Wealth’s ultra-high-net-worth clients with a highly personalized approach to wealth strategy, we believe we have unlocked several investment strategies that adapt to the ever-changing market landscape,” added Rob Sechan, NewEdge Wealth co-founder and CEO.