Wealth manager, wrap-program sponsor · New Orleans, LA
Newedge Advisors
Newedge Advisors, LLC · SEC-registered investment adviser · CRD 171351 · SEC 801-79876
At a glance
Newedge Advisors is an SEC-registered investment adviser based in New Orleans, Louisiana, with $43.2 billion in regulatory assets under management as of its Form ADV filed October 1, 2026. Its largest client group by assets is high-net-worth individuals, and it reports 48,809 individual clients. By Form ADV it is a wealth manager (wrap-program sponsor), ranked 50th of 8,915 wealth managers and 483rd of 17,210 SEC-registered advisers by assets.
Main office 504-459-4391newedgeadvisors.comLinkedInAs filed on Form ADV
- Regulatory AUM
- $43B
- Rank among wealth managers
- #50 of 8,915
- Rank among all SEC RIAs
- #483 of 17,210
- Rank in Louisiana
- #1 of 82
- Individual clients
- 48,809
- High-net-worth clients
- 13,112
- Accounts
- 103,000
- Discretionary
- 97% of AUM
- Employees
- 1,073
- Advisory staff
- 515
- Offices
- 100
Owners and executives on its Form ADV
- Neil D. TurnerPartner/founder/co-Ceo
- Jeffrey S. CutlerChief Experience Officer
- Kyle P. SmithVice President
- Joseph F. BancoChief Financial Officer and Treasurer
- Erin P. Sarver-CorbettChief Operations Officer, Managing Director
- William C. BrandChief Compliance Officer
- Alexander T. GossChief Executive Officer/founder
- David J. SchnierGeneral Counsel and Secretary
- David B. SymeckoManaging Director, Business Development
- Jennifer F. DeLoachDeputy Compliance Officer
- Justin C. SchoepfVice President of Operations
Custody and brokerage
6 custodians
- Fidelity$15B36%
- LPL Financial$12B28%
- Charles Schwab$7.6B18%
- Raymond James$5.3B13%
- Goldman Sachs$2.3B5%
- MID Atlantic TrustAffiliate of the firm$107M<1%
Broker-dealer
Hybrid RIA
Newedge Advisors is a hybrid RIA: 399 of its employees are also registered representatives of a broker-dealer. It names an affiliated broker-dealer: Newedge Securities, LLC.
- Newedge Securities, LLC ↗CRD 10674
Its Form ADV brochure (filed May 2026) names LPL Financial and Newedge Securities as the broker-dealer its advisers are registered with.
ies & Affiliations Certain representatives of our firm are registered representatives of LPL Financial or NewEdge Securities, LLC which shares common ownership with the firm, members FINRA/SIPC and may be licensed insurance agents/brokers.
Who it serves
| Client type | Clients | Regulatory AUM | Share |
|---|---|---|---|
| High-net-worth individuals | 13,112 | $28B | 66% |
| Individuals | 35,697 | $11B | 26% |
| Corporations or other businesses | 663 | $3.0B | 7% |
| Pension and profit sharing plans | 259 | $322M | <1% |
| Charitable organizations | 166 | $200M | <1% |
| Other | 1 | $1M | <1% |
Disciplinary disclosures
Newedge Advisors answers yes to 4 disclosure items in Item 11 of Form ADV (criminal, regulatory or civil matters involving the firm or its advisory affiliates). Read the details on the SEC’s adviser search ↗
Services
- Financial planning
- Portfolio management for individuals and small businesses
- Portfolio management for businesses and institutions
- Pension consulting
- Selecting other advisers
- Educational seminars and workshops
How it’s paid
- A percentage of assets under management
- Hourly charges
- Fixed fees
Form ADV and brochures on the SEC’s adviser search ↗newedgeadvisors.com ↗
AtlasMembers
The full record on Newedge Advisors
Ten years of SEC filings, its owners and contacts, and how it stacks up against its peers. Atlas members see all of it.
- Assets, accounts, clients and staff, ten years of filings
- Locked
- Growth over one, three and five years
- Locked
- Rank against 99 peers of its type and size
- Locked
- Owners and executives, with titles and stakes
- 11 namedLocked
- Main office, fax and compliance officer
- Locked
- Filing changes this year, with alerts
- 4Locked
Free while Atlas launches: create a free account and confirm your email. Every figure comes from SEC filings.
Background
Questions
How much does Newedge Advisors manage?
Newedge Advisors reports $43.2 billion in regulatory assets under management across 103,000 accounts, 97% of it on a discretionary basis, on its Form ADV filed October 1, 2026.
What kind of firm is Newedge Advisors?
Newedge Advisors is a wealth manager by its Form ADV answers. At least half of its regulatory assets are managed for individuals and high-net-worth individuals.
Who are Newedge Advisors’s clients?
By assets, its largest client types are high-net-worth individuals ($28.4 billion, 13,112 clients); individuals ($11.3 billion, 35,697 clients); corporations or other businesses ($3.0 billion, 663 clients).
Does Newedge Advisors have any disciplinary history?
Newedge Advisors answers yes to 4 disclosure items in Item 11 of Form ADV, which covers criminal, regulatory and civil matters involving the firm or its advisory affiliates. The details are on the SEC’s adviser search.
Where these numbers come from
Every figure is Newedge Advisors’s own answer on its latest Form ADV, from the SEC’s registered-adviser list as of October 1, 2026: regulatory assets and accounts (Item 5.F), clients by type (5.D), employees (5.A and 5.B), compensation (5.E) and services (5.G). Custodians come from Schedule D 5.K(3) of its latest filing (2026-09-14), which lists those holding 10% or more of separately managed account assets and the amount at each. “Hybrid” means some employees are also registered representatives of a broker-dealer (Item 5.B(2)); affiliated broker-dealers are the related persons it lists in Item 7.A and Schedule D. Firm type comes from its own answers: broker-dealer firms are registered broker-dealers themselves (Item 6.A); private fund advisers manage mostly private funds (Item 7.B, 5.D); wealth managers manage at least half their assets for individuals (5.D). Ranks compare it by regulatory assets with every SEC-registered adviser and with firms of its type. Figures are as of the firm’s last annual update, so they can lag recent deals and market moves. Regulatory AUM counts assets the firm continuously supervises and can differ from what a firm markets.
Not an endorsement or a recommendation. Before hiring any adviser, read its Form ADV Part 2A brochure and check its record on the SEC’s adviser search. How to check a financial advisor →