# NewEdge at a glance

URL: https://www.financialadvsr.com/firms/newedge
Researched: 2026-10-10
Publisher: Financial ADVSR (https://www.financialadvsr.com)

NewEdge Capital Group is the wealth management arm of EdgeCo Holdings, operating two RIAs: NewEdge Wealth, a single-brand firm serving ultra-high-net-worth clients that hires wirehouse breakaway teams, and NewEdge Advisors, which offers independent and W-2 affiliation models, plus the broker-dealer NewEdge Securities. The group reported more than $100 billion in client assets as of March 2026 and ranked No. 2 on Barron's 2026 Top 100 RIA Firms list, according to trade press and its own release.

## Facts

- Parent company: EdgeCo Holdings, LP, which launched NewEdge Capital Group as the brand of its wealth management division on Nov. 1, 2021 [1]
- Ownership: Private; EdgeCo is backed by private equity firm Parthenon Capital and Waterfall Asset Management (stake terms and dates not disclosed) [2]
- Founded: NewEdge Wealth launched in December 2020 with a $4.8 billion wirehouse breakaway team [3]
- Leadership: James Jesse, formerly of Morgan Stanley and ICONIQ Capital, named CEO in December 2025; co-founders Rob Sechan and Alex Goss sit on the board [4]

## Size

- Client assets: more than $100 billion (as of 2026-03-31) [5]
- Financial advisors: more than 550 (as of 2026-09-14) [6]
- NewEdge Wealth offices: 22 (as of 2026-09-15) [7]

## How advisors affiliate

- Employee team at NewEdge Wealth (UHNW channel): Wirehouse and private bank teams join NewEdge Wealth under its single brand to serve ultra-high-net-worth families, often opening new regional offices. [7]
- Independent (1099) affiliation at NewEdge Advisors: Independent practices and breakaways affiliate with NewEdge Advisors, the group's 1099 channel, keeping their own businesses while using its RIA, brokerage and technology platform. [2]
- W-2 Pillar Channel (equity partner): NewEdge invests in independent practices or breakaway teams to form anchor branches under the NewEdge Advisors brand, paying advisors in cash and NewEdge equity and buying retiring advisors' books for those branches. [8]

## How advisors are paid

- Advisors who join the W-2 Pillar Channel receive a combination of cash and equity in NewEdge, the firm said when it launched the model in February 2023; specific percentages were not disclosed. [8]

## Joining: deals and equity

- The Pillar Channel had grown to 14 teams with roughly $14 billion in client assets after Stonegate Investment Group, a team overseeing about $6 billion, joined NewEdge Advisors, according to a March 2026 company release. [9]
- NewEdge Advisors planned to begin recruiting outside advisors into its W-2 channel in 2026, CEO Alex Goss told WealthManagement.com. [2]

Sources:
1. Business Wire: EdgeCo Holdings Announces Launch of NewEdge Capital Group, 2021-11-01 (https://www.businesswire.com/news/home/20211101005017/en/EdgeCo-Holdings-Announces-Launch-of-NewEdge-Capital-Group)
2. WealthManagement.com: NewEdge Advisors to Launch W-2 RIA Push in 2026, 2026-01 (https://www.wealthmanagement.com/ria-news/newedge-advisors-to-launch-w-2-ria-push-in-2026)
3. Business Wire: 4.8 Billion Wirehouse Team Partners with EdgeCo Holdings to Launch NewEdge Wealth, 2020-12-14 (https://www.businesswire.com/news/home/20201214005246/en/4.8-Billion-Wirehouse-Team-Partners-with-EdgeCo-Holdings-to-Launch-NewEdge-Wealth)
4. Business Wire: NewEdge Capital Group Names James Jesse CEO Amid Rapid Growth Trajectory, 2025-12-09 (https://www.businesswire.com/news/home/20251209499587/en/NewEdge-Capital-Group-Names-James-Jesse-CEO-Amid-Rapid-Growth-Trajectory)
5. WealthManagement.com: NewEdge Advisors Gives Field Teams Direct AI Access to Claude, 2026-06 (https://www.wealthmanagement.com/artificial-intelligence/newedge-advisors-gives-field-teams-direct-ai-access)
6. NewEdge Wealth: NewEdge Capital Group Climbs to No. 2 on Barron's 2026 Top 100 RIA Firms List, 2026-09-14 (https://www.newedgewealth.com/newedge-climbs-to-no-2-on-barrons/)
7. WealthManagement.com: NewEdge Wealth Opens First Minnesota Office with $1.2B UBS Team, 2026-09-15 (https://wealthmanagement.com/ria-news/newedge-wealth-opens-first-minnesota-with-1-2b-ubs-team)
8. NewEdge Advisors: NewEdge Advisors Launches W2 Model, 2023-02-16 (https://www.newedgeadvisors.com/blog/2023/02/16/newedge-advisors-launches-w2-model/)
9. Business Wire: NewEdge Advisors Partners with $6 Billion Stonegate Investment Group, 2026-03-10 (https://www.businesswire.com/news/home/20260310545693/en/NewEdge-Advisors-Partners-with-$6-Billion-Stonegate-Investment-Group)