NewEdge Wealth Adds Three New Team Members to Support Ongoing Growth and National Expansion
DARIEN, Conn.--(BUSINESS WIRE)--Aug 16, 2021--
NewEdge Wealth, LLC, a registered investment adviser specializing in ultra-high-net-worth, family office and institutional clients, has appointed three new members to its rapidly growing team. Frank Ackerman joins as Senior Vice President, Susan Kim, CFA ® joins as Vice President and Relationship Manager, and Jason Fay joins as a Financial Advisor. Ackerman, Kim and Fay will support NewEdge’s long-term growth strategy and provide direct support for the firm’s ultra-high-net-worth client base.
Ackerman brings nearly 40 years of experience in the financial services industry with extensive background in the hedge fund space. As a Senior Vice President, he will work closely with NewEdge clients in designing fixed income, alternative and equity-based investment strategies. Kim has over 15 years of experience in investment banking and is an advocate for women’s financial empowerment. She plans to spearhead the NewEdge Women’s Initiative, which will focus on advancing female voices and leaders within the financial services industry. Kim will serve as Vice President and Relationship Manager and will create comprehensive and customized wealth and financial plans for NewEdge clients. Fay holds over 20 years of experience in the financial services space with a focus on wealth strategy and relationship management. At NewEdge, Fay will cultivate new client relationships and advance the firm’s mission of providing comprehensive wealth management solutions for its ultra-high-net-worth clients.
“We maintain a steadfast focus on providing an exceptional experience for our clients that is rooted in superior service and quality advice,” said John Straus, President of NewEdge Wealth. “Our success in meeting this goal has been harnessed by our team and alignment with the industry’s brightest individuals. We are excited to bring this talented group on board and provide added support for our clients.”
NewEdge has grown rapidly since it was established, in partnership with EdgeCo Holdings, in December 2020. Most recently, the firm appointed Glen Mintz, an experienced portfolio manager, as a Managing Director to open its new office in Park City, Utah. Collectively, NewEdge is seeking to provide high-quality service, dynamic wealth management insight and expertise, and a customized experience for its client group. NewEdge Wealth is a division of NewEdge Capital Group, which currently has $26 billion in client assets.
“NewEdge is at an exciting and pivotal period of growth, driven by our commitment to client service,” said Rob Sechan, Managing Partner, Co-Founder of NewEdge Wealth. “We are exceedingly confident that our newest team members will propel our growth and are eager to leverage their respective insights and expertise for our clients.”
Ackerman and Fay will be based in NewEdge’s Connecticut office, while Kim will split time between Connecticut and Southern California. All three team members joined NewEdge in the last month.
About NewEdge Wealth
NewEdge Wealth is a registered investment adviser designed to meet the needs of ultra-high-net-worth, family office and institutional clients. The firm was established in 2020 as the result of a partnership between EdgeCo Holdings and a four-person wealth management team comprised of Jeffrey Kobernick, Robert Sechan, Walter Granruth and John Straus, Jr. The firm provides comprehensive wealth and lifestyle management services for ultra-high-net-worth individuals and families. NewEdge Wealth is a division of EdgeCo Holdings. NewEdge Wealth, LLC, is registered as an investment adviser with the SEC. Securities are offered through Mid Atlantic Capital Corporation, LLC. Member FINRA/SIPC. For more information, visit www.newedgewealth.com
About EdgeCo Holdings
Through its subsidiaries, EdgeCo Holdings is a leading provider of best-in-class technology-enabled solutions for financial intermediaries and their clients. For over four decades, EdgeCo companies have provided a suite of technology and support services including full-service retirement plan administration, brokerage, advisory, and trust and custody services to a diverse national client base of financial intermediaries. This client base includes registered representatives, investment advisors, and other financial intermediaries including retirement plan recordkeepers, TPAs, bank trust departments, broker dealers, and insurance companies. The firm services approximately $150 billion in client assets under custody or administration and more than 15,000 financial advisors and 500 financial institutions.
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CONTACT: Gregory FCA for NewEdge Wealth
Marissa Foy Comerford
KEYWORD: UNITED STATES NORTH AMERICA CONNECTICUT
INDUSTRY KEYWORD: BANKING PROFESSIONAL SERVICES FINANCE
SOURCE: NewEdge Wealth, LLC
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PUB: 08/16/2021 09:00 AM/DISC: 08/16/2021 09:02 AM