NewEdge Advisors Continues Recruitment Energy in First Quarter

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The addition of the new advisory teams continues the firms substantial growth trajectory after a record-breaking 2021 where NewEdge Advisors added 37 advisors with $2.5 billion in assets serviced.

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Provider: 
Business Wire, Inc.Business Wire, Inc.
Retrieved on: 
Wednesday, April 27, 2022
Information
Tags: 
Finance, Consulting, Banking, Accounting, Professional Services, ASP, Culture, LLC, Program, Growth, RIA, Private practice, Â, 2009 Davis Cup, LP, Business development, Partnership, Industry, Financial adviser
Geotags: 
UNITED STATES, NORTH AMERICA, GEORGIA, LOUISIANA, FLORIDA, OKLAHOMA, SOUTH CAROLINA, NEW ORLEANS, LA, GA
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Organisation: 
NEWEDGE ADVISORS, NEWEDGE CAPITAL GROUP
Summary
Key Points: 
  • The addition of the new advisory teams continues the firms substantial growth trajectory after a record-breaking 2021 where NewEdge Advisors added 37 advisors with $2.5 billion in assets serviced.
  • As a result of the perpetual growth, NewEdge Advisors now serves over 240 independent advisors across 30 states with $17 billion in brokerage and advisory assets under advisement.
  • More and more, advisors are also recognizing that NewEdge Advisors provides something beyond just a platform.
  • In 2021, NewEdge Advisors was created as a part of the launch of NewEdge Capital Group.


NewEdge Advisors, LLC, a leading New Orleans-based RIA supporting successful independent financial advisors nationwide, announced today that five new advisory groups, with ten advisors and $1 billion in assets under advisement, joined the platform in the first quarter of 2022. The added advisor groups include Atlantic Ave Advisors in Delray Beach, FL; Clearpath Wealth Partners in Norman, OK; Crescent Wealth Management in Greenville, SC; Lagniappe Wealth Management in Shreveport, LA; and WealthWorth in Alpharetta, GA.

The addition of the new advisory teams continues the firm’s substantial growth trajectory after a record-breaking 2021 where NewEdge Advisors added 37 advisors with $2.5 billion in assets serviced. In 2022, the firm has recruited teams with nearly half of the previous year’s total assets in the first quarter alone. As a result of the perpetual growth, NewEdge Advisors now serves over 240 independent advisors across 30 states with $17 billion in brokerage and advisory assets under advisement.

“Advisor demand for independence is not slowing down — they continue to see that taking full control of the client experience in a way uniquely afforded by the RIA space is the direction they want to take their practice,” said Neil Turner, Co-CEO of NewEdge Advisors. “More and more, advisors are also recognizing that NewEdge Advisors provides something beyond just a platform. We are creating a partnership that encourages a culture of collaboration and idea-sharing and welcome already successful financial advisors to join other like-minded professionals that want to contribute to increased success for everyone.”

The Advisor Succession Program (ASP), which allows advisors to monetize part of their revenue but maintain the autonomy and control that comes with going into private practice, is expected to further boost the firm’s growth in 2022.

“An increasing number of advisors are taking advantage of our tailored ASP program. Advisors understand that with NewEdge Advisors as their partner, they have the flexibility to structure their practice as they see fit,” said David Symecko, Managing Director of Business Development. “We have grown a very large pipeline of advisors looking to leverage the scale and support that NewEdge Advisors can provide and we are excited to see the growth that 2022 will bring.”

The firm expects its substantial growth to continue throughout 2022, as it seeks opportunities to expand its geographic footprint amid ongoing advisor demand.

About NewEdge Advisors

New Orleans-based NewEdge Advisors is a rapidly growing RIA built by New Orleans residents Alex Goss and Neil Turner. The firm embraces a transparent approach to educating advisors on the independent opportunities that currently exist in the industry landscape. This approach, combined with best-in-class advisor services, continues to attract top-performing advisors from across the country.

Previously known as Goss Advisors, the firm became a part of EdgeCo Holdings in 2020 to lead the 1099 wealth division. In 2021, NewEdge Advisors was created as a part of the launch of NewEdge Capital Group. For more information on NewEdge Advisors, please visit www.newedgeadvisors.com.

About NewEdge Capital Group

NewEdge Capital Group and its subsidiaries collectively trace their roots back over 30 years and provide best-in-class technology-enabled solutions and support services to financial advisors and their clients. Today, NewEdge Capital Group has over $30 billion in client assets and supports over 300 financial advisors servicing several thousand households, family offices and institutions comprising more than 75,000 client accounts. The company is a division of EdgeCo Holdings, LP, which collectively services over $160 billion in assets through NewEdge and its other custody and retirement businesses. For more information, visit www.newedgecapitalgroup.com.

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Copyright Business Wire 2022