New Edge Wealth
Assets Under Management
$12.1B
Number of Clients
2,790
Number of Advisors
107
Average Client AUM
$4.3M
AUM per Advisor
$112.8M
Compensation
Commission-BasedFee-Only (AUM)Fixed/Hourly
About This Firm
NewEdge Wealth offers discretionary and non-discretionary portfolio management services through wrap fee programs, including PWA Advised Portfolios, Model Strategies, Separately Managed Account (SMA) Programs, and NewEdge Investment Solutions (NEIS) strategies. They tailor services to individual client needs, assessing risk tolerance, time horizon, and liquidity constraints. Clients can impose reasonable restrictions on their accounts. NewEdge is under common control with NES, a registered broker-dealer.
Fee Structure
NewEdge Wealth primarily charges a single “wrap” fee that includes advisory fees, brokerage and trading costs, commissions, custody fees, platform administration, reporting services, and investment management fees charged by Independent Managers and/or NEIS. Clients can choose an “unbundled” fee structure, paying separately for investment advice, brokerage services, and management fees. Fees vary based on the type, amount, and market value of assets under management, the complexity of the engagement, and the scope of services provided. Manager Fees for Independent Managers generally range from 0.10% to 1.50% of AUM. NewEdge can negotiate lower fees based on various factors.
Areas of Practice
Location
2200 Atlantic Street, Suite 200, Stamford, CT, 06902