New Edge Wealth

CRD#307771
Investment Advisor Firm

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Learn more about New Edge Wealth

  • Overview
  • By the Numbers
  • Products and Services
  • Fee Structure
  • Types of Clients
  • Disclosures
  • State Registrations
  • Office Locations
  • Firm Advisors

    • Overview

    New Edge Wealth is located at 2200 Atlantic Street, Stamford, CT. The firm employs 62 financial advisors to manage client portfolios and provide financial guidance. New Edge Wealth is not a registered broker-dealer.

    New Edge Wealth oversees $8.6 billion in assets under management across 9,457 accounts, of which 9,264 are discretionary and 193 are non-discretionary. Over the past year, the firm has provided financial planning services to between 11 and 25 clients. The services offered include financial planning services, portfolio management for individuals and small businesses, portfolio management for pooled investment vehicles, portfolio management for institutional clients, pension consulting services, and selection of other advisers. The firm caters to retail investors, high net worth investors, pension plans, charitable organizations, and corporations, with retail investors being the largest client type by accounts. The fee structure at New Edge Wealth includes asset-based, fixed, and commission-based fees. The firm has 800 high net worth clients and maintains affiliations with a broker-dealer or securities dealer, a trust company, and an insurance company or agency.

    New Edge Wealth is registered in the states of Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, District of Columbia, Florida, Georgia, Hawaii, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico, New York, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Vermont, Virginia, Washington, West Virginia, Wisconsin, and Wyoming.

    Assets Under Management

    $8.6 billion

    Number of Advisors

    62

    Disclosures

    No

    Office Location

    2200 Atlantic Street
    Stamford, CT 06902

    New Edge Wealth by the Numbers

    Total Assets Under Management

    $8.6 billion

    National Average: $8.6 billion
    Total Number of Employees

    115

    National Average: 64
    Total Number of Accounts

    9,457

    National Average: 375,227
    Average Account Size

    $910.5 thousand

    National Average: $23.0 thousand
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    Products and Services

    New Edge Wealth offers multiple financial services, which can consist of financial planning services, portfolio management for individuals and small businesses, portfolio management for pooled investment vehicles, portfolio management for institutional clients, pension consulting services, and selection of other advisers. In the last fiscal year, New Edge Wealth provided financial planning services to 45621 of its customers. The Company is not involved in selling products or offering services apart from investment advice to its investment advisory accounts.

    Core Advisor Services

    • Offered by 31% of firms

      Financial Planning Services

      This is the process of planning for your financial future, including for events such as retirement, your child's college education or estate succession.

    • Offered by 46% of firms

      Portfolio Management

      This is the selection and management of an investment mix and portfolio strategy for individuals and small businesses.

    • Find a firm that offers this service

      Market Timing Services

      This is the practice of attempting to make short-term profits on investments by buying low and selling high.

    Other Services

    • Offered by 20% of firms

      Selection of Other Advisors

      This is the firm's assistance with choosing other advisors to work with who may have different specialties.

    • Find a firm that offers this service

      Publication of Periodicals

      This is the publication of various financial education materials.

    • Find a firm that offers this service

      Educational Seminars/Workshops

      This is the hosting of seminars or workshops to educate investors on financial concepts.

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    Fee Structure

    Fees charged by financial advisors typically vary depending on the services offered. Fees billed by New Edge Wealth may include any combination of the following fee structures: asset-based, fixed, or commission-based. The company does participate in a wrap fee program, in which the firm offers a bundle of services for a comprehensive fee.

    Available

    • Offered by 69% of firms

      Percentage of Assets

      Show Explanation

      This fee, which is the most common fee type charged by advisors for portfolio management, is based on the amount of assets you have under management. Also referred to as an asset-based fee, this fee typically ranges from 0.50%-2.00% of AUM annually. You'll typically pay a lower rate the more assets you have under management.

    • Offered by 1% of firms

      Commissions

      Show Explanation

      Occasionally, advisors earn commissions from selling financial products, such as securities or insurance policies, or making certain referrals or transactions. Advisors who earn commissions may be incentivized to make certain recommendations to clients in order to make a commission. Fee-only advisors do not earn commissions, while fee-based advisors may.

    • Offered by 32% of firms

      Fixed

      Show Explanation

      Fixed fees are a one-time, lump sum charged for a specific service, like the creation of a financial plan without subsequent implementation. This can be useful if you only need advice for one specific purpose, rather than a long-term advisor. Fixed fees usually range from $1,000 to $3,000.

    Unavailable

    • Find one of the 21% of firms that offer this fee type

      Hourly

      Show Explanation

      Like a lawyer, a financial advisor may charge you by the hour. This can be helpful if you are only looking for short-term or one-time advice. Rates typically range from $100-$300 per hour, depending on the complexity and level of services needed.

    • Find one of the 26% of firms that offer this fee type

      Performance-based

      Show Explanation

      Advisors only earn performance-based fees if a portfolio outperforms a defined benchmark. This fee may be calculated in a number of ways but most commonly is charged as a percentage of investment profits. Performance-based fees may incentivize advisors to make riskier decisions in order to generate higher returns.

    • Find one of the 0% of firms that offer this fee type

      Subscription

      Show Explanation

      Firms generally charge this fee for educational materials provided, such as a monthly magazine. This can be useful if you want to learn about investing or financial management on your own.

    • Find one of the 10% of firms that offer this fee type

      Other

      Show Explanation

      Firms can sometimes charge customers using non-traditional fee structures. See this firm's Form ADV for more details.

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    Types of Clients

    The company does business with a broad range of customers. The firm works with retail investors, high net worth investors, pension plans, charitable organizations, and corporations. Out of its 5 clients, New Edge Wealth's biggest client type by number of accounts is high net worth investors, although it also manages money for 800 high-net-worth individuals. A high-net-worth individual is defined by the SEC as an individual who has at least $750,000 in AUM or a net worth of more than $1,50 million or who is deemed a "qualified purchaser" (a standard met by having at least $5 million in investments).

    Created with Highcharts 6.0.7
    • High-Net-Worth Individuals* - 45.17%
    • Other Individuals - 53.36%
    • Corporations - 1.07%
    • Charitable Organizations - 0.4%

    * The U.S. Securities and Exchange Commission (SEC) defines a high-net-worth individual as someone who has at least $750,000 under management.

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    Disclosures

    New Edge Wealth does not have any disclosures.

    Please visit its Form ADV for more details.

    Back to Overview
    Created with Highcharts 6.0.7
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    Financial Advisors at New Edge Wealth

    Andrew Draft
    Miami, FL
    Connor Kirdzik
    Stamford, CT
    Noah Stein
    Miami, FL
    Benjamin Lope
    Stamford, CT
    Jonathan Heines
    Stamford, CT
    Paige Muirhead
    Stamford, CT
    Aaron Zises
    Stamford, CT
    Richard Ina
    Franklin, TN
    Alis Ramirez
    Miami, FL

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    The content in this profile was updated by SmartAsset on 6/19/2024. All advisor details come from publicly available data, and we cannot guarantee the accuracy of the content. We are unable to make individual profile updates. If you want your profile removed temporarily or permanently, please contact profile-compliance@smartasset.com.

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