Registered investment advisor NewEdge Wealth has appointed former managing director and private wealth advisor at Morgan Stanley Josh Gully as managing director. He will be responsible for overseeing client relationships and growing the company’s assets under management.

With more than three decades’ experience in financial services, Gully specializes in the needs of entrepreneurs, private investors, family offices and multigenerational family clients, including philanthropic goals, which aligns with NewEdge’s focus on family offices, institutions and ultra-high net worth clients.

“Josh and I, along with NewEdge partners John Straus and Jeff Kobernick, have a long working history and deep respect for each other,” said Rob Sechan, CEO and Co-Founder of NewEdge Wealth. “We are thrilled to work with him again.”

In January 2022, Morgan Stanley permitted Gully to resign over allegations that he “used production numbers that were inconsistent with agreement with another representative,” the company said, according to BrokerCheck.

Stamford, CT-based NewEdge Wealth is part of NewEdge Capital Group, which supports over 300 financial advisors and recently reported record full-year 2022 growth of $9.1 billion in expected new assets under management, raising its total to approximately $32 billion. In the same period, NewEdge Wealth added 16 ultra-high net worth advisors.

Pictured: Josh Gully