Pittsburgh-based NewEdge Capital Group, a management firm supporting financial advisors, recently announced it reported record growth in client assets and advisor teams last year.
It oversees $32 billion in total client assets.
NewEdge Capital Group launched in October 2021 and is comprised of NewEdge Advisors, NewEdge Wealth, and NewEdge Securities. New Orleans-based NewEdge Advisors educates advisors on independent opportunities. NewEdge Wealth provides a select group of clients with personalized service and attention designed to help organize and simplify their lives. NewEdge Capital Group NewEdge Capital Group provides affiliation models.
In 2022, the firm added more than 40 advisors with $4.38 billion in assets, added 23 teams, added and opened offices in seven cities, and added 16 ultra high net worth advisors.
Of the new teams, more than 30 percent are led by women. The majority of the new advisors are in their early 40s.
“Our rapid expansion tells a story about successful advisors partnering with a firm that supports their growth on their terms,” Alex Goss, NewEdge Capital Group managing partner and NewEdge Advisors co-CEO and co-founder, said. “The NewEdge advantage delivers solutions that allow advisors to take control of the client experience while enjoying the margin, freedom, and flexibility of an RIA — without having to expend the time and resources to run one.”