$4.8 Billion Team Launches NewEdge Wealth

INVESTMENT MANAGEMENT DEALS BLOG

January 8, 2021

On December 14, 2020, a team of industry veterans announced the launch of a new registered investment advisory firm, NewEdge Wealth, LLC

A team made up of former UBS advisors, Jeffrey Kobernick, Robert Sechan, Walter Granruth and John Straus, Jr. partnered with EdgeCo Holdings, L.P. (“EdgeCo”) to launch a new registered investment advisory firm, NewEdge Wealth, LLC (“NewEdge”). NewEdge will merge with the Private Wealth Partners (“PWP”), owned by EdgeCo. Further terms of the agreement were not disclosed.

EdgeCo is a leading provider of best-in-class technology-enabled solutions for financial intermediaries and their clients. EdgeCo services approximately $130 billion in client assets under custody or administration.

New Edge Wealth is a registered investment adviser designed to meet the needs of ultra-high-net-worth, family office and institutional clients.

PWP is an investment platform and back-end technology suite for ultra-high net worth individuals.

To read the press release: Please Click Here.