Wealth Management Firm Rises to No. 14 in Second Year of Eligibility
PITTSBURGH, Oct. 17, 2023 — NewEdge Capital Group, LLC, a leading and rapidly growing wealth management firm supporting successful financial advisors nationwide, announced today that it has ranked No. 14 on the Forbes/Shook Research America’s Top RIA Firms list. This is the second year the firm was listed and the second year of eligibility. Last year, the firm was ranked No. 15.
“We are thrilled to be among the leaders of our industry for the second straight year,” said Rob Sechan, Managing Partner of NewEdge Capital Group. “The continued efforts of our team and advisors are key to our success, but more importantly, this work allows NewEdge Capital Group advisors to deliver best-in-class support to our growing community of clients around the country.”
NewEdge Capital Group Managing Partner, Alex Goss, added, “In just three years, we have joined the ranks of so many stalwarts of wealth management and advisory services. This recognition reflects the advisors who came to NewEdge to build a better future for themselves and their clients.”
Shook Research collects data for Forbes’ America’s Top RIA Firms list. The research firm uses an algorithm of qualitative criteria complied through due diligence interviews and quantitative data. Revenue trends, assets under management (AUM), compliance records, industry experience, and client approach are considered as part of the calculation, however, portfolio performance is not a ranking factor.
NewEdge Capital Group is on pace to exceed last year’s record recruitment and asset growth numbers. As of June 30, 2023, NewEdge Capital Group’s total client assets serviced exceeded $40 billion due largely in part to its recruitment efforts.* The firm was also recognized as a Barron’s Top 100 RIA Firm in September.
NewEdge Capital Group’s NewEdge Wealth division opened three new offices in the first half of the year, including San Francisco, California; Bentonville, Arkansas; and the Nashville area, bringing its total locations to ten. The firm also added to its growing Miami office and welcomed seven ultra high net worth advisors across the firm.
NewEdge Capital Group’s NewEdge Advisors division added 39 advisors from 16 teams in the first half of the year.
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, a Barron’s Top 100 RIA Firm and Forbes’ America’s Top RIA Firm**, has over $40 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 $170 billion in assets through NewEdge and its other custody and retirement businesses. For more information, visit www.newedgecapitalgroup.com.
*Assets “serviced by” the firm includes (i) client assets for which we provide investment advisory services, (ii) client assets for which we provide brokerage services through our affiliate, NewEdge Securities, Inc. and (iii) client assets held at unaffiliated broker dealers for which we provide supervisory oversight and support services.
**Barron’s rankings awarded in September 2023 based on June 30, 2023, data. Forbes/Shook rankings awarded in October 2023 based on June 30, 2023, data.