New Edge Wealth

CRD#307771
Investment Advisor Firm

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Overview

New Edge Wealth operates as a financial advisor firm based in Stamford, Connecticut. The company handles $5.7 billion in assets over 7,125 client accounts, placing it among the largest firms in the country by assets under management (AUM). The firm has an average-sized group, including 42 financial advisors. New Edge Wealth is not a registered broker-dealer, meaning the advisor cannot buy and sell securities for its own accounts as well as its customers' and instead has to go through a broker-dealer company to do so. Securities are defined as exchangable financial investments like stocks, options and bonds.

New Edge Wealth manages most of its accounts in a discretionary manner. Discretionary management signifies that a portfolio manager has the discretion to make transaction decisions for the client's account without requiring the customer's consent. It also oversees 1,150 non-discretionary accounts with a total of $1.3 billion in assets. The firm's typical account size is $805,275. The typical financial advisor at New Edge Wealth manages about 170 client accounts.

The firm's central office is at 2200 Atlantic Street, Stamford, Connecticut 6902. It is legally permitted to serve investors across 51 U.S. states and territories.

Assets Under Management

$5.7 billion

Number of Advisors

42

Disclosures

No

Office Location

2200 Atlantic Street
Stamford, CT 06902

New Edge Wealth by the Numbers

Total Assets Under Management

$5.7 billion

National Average: $8.6 billion
Total Number of Employees

80

National Average: 64
Total Number of Accounts

7,125

National Average: 375,227
Average Account Size

$805.3 thousand

National Average: $23.0 thousand
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Products and Services

New Edge Wealth provides a number of financial services, including financial planning services, portfolio management for individuals and small businesses, portfolio management for institutional clients, pension consulting services and selection of other advisers. In the last financial year, New Edge Wealth provided financial planning services to 11-25 of its clients. New Edge Wealth does not sell products or offer services other than investment advice to its investment advisory accounts. New Edge Wealth is also affiliated with one or more other service providers in the financial services industry, including with a broker-dealer or securities dealer, trust company and insurance company or agency.

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.

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    Publication of Periodicals

    This is the publication of various financial education materials.

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    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 usually are based on the type of services offered. However, fee types charged by the company most likely include some blend of the following fee structures: asset-based, fixed or commission-based. Wrap fee programs, or the practice of bundling services for a single fee, are offered by the firm.

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 firm provides services to retail investors, high net worth investors, pension plans and corporations. Out of its 7,125 accounts, New Edge Wealth's largest client group is retail investors, though it also caters to 624 high-net-worth individuals. A high-net-worth individual is defined by the SEC as an individual who has at least $750,000 under management or a net worth of at least $1.50 million or who counts as a "qualified purchaser" (a standard met by having at least $5 million in investments). Just 1% of the firm's customers are represented by people from outside of the U.S.

  • High-Net-Worth Individuals* - 45.38%
  • Other Individuals - 53.24%
  • Corporations - 1.38%
  • Charitable Organizations - 0%

* 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.

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Financial Advisors at New Edge Wealth

Benjamin Lope
Stamford, CT
Anna Reyes Stockhamer
Stamford, CT
Justin Reese
Stamford, CT
Ryan Cholnoky
Stamford, CT
John Straus
Stamford, CT
Khush Patel
Miami, FL
Alis Ramirez
Miami, FL
Muzaffar Ahmed
Manhattan Beach, CA
Noah Stein
Miami, FL

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The content in this profile was updated by SmartAsset on 4/16/2023. 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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