Newedge Advisors
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Overview
Newedge Advisors is located at 858 Camp Street, New Orleans, LA. The firm employs 396 financial advisors to manage client portfolios and provide financial guidance. Newedge Advisors is not a registered broker-dealer.
Newedge Advisors oversees $18.4 billion in assets under management across 62,249 accounts, of which 60,928 are discretionary and 1,321 are non-discretionary. Over the past year, the firm has provided financial planning services to between 251 and 500 clients. The services offered include financial planning services, portfolio management for individuals and small businesses, 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 Newedge Advisors includes asset-based, hourly, and fixed fees. The firm has 8,643 high net worth clients and maintains affiliations with a broker-dealer or securities dealer, a trust company, and an insurance company or agency.
Newedge Advisors 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
Number of Advisors
Disclosures
Office Location
Newedge Advisors by the Numbers
$18.4 billion
570
62,249
$296.1 thousand
Products and Services
Newedge Advisors provides a variety of services, which can consist of 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 fiscal year, Newedge Advisors provided financial planning services to 251-500 of its accounts. The Firm does not sell products or offer services aside from investment advisory services to its investment advisory customers.
Core Advisor Services
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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.
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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.
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Market Timing Services
This is the practice of attempting to make short-term profits on investments by buying low and selling high.
Other Services
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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.
Fee Structure
Fees for financial advisory services usually vary depending on which service is offered. Fees charged by Newedge Advisors most likely include any blend of the following fee structures: asset-based, hourly, or fixed. Wrap fee programs, or the practice of bundling services for a single fee, are provided by Newedge Advisors.
Available
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Offered by 69% of firms
Percentage of Assets
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Offered by 21% of firms
Hourly
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Offered by 32% of firms
Fixed
Unavailable
Types of Clients
The company manages money for a broad range of investors. It works with retail investors, high net worth investors, pension plans, charitable organizations, corporations, and other. Out of its 6 clients, Newedge Advisors's largest client type by number of accounts is high net worth investors, though it also caters to 8643 high-net-worth individuals. The SEC defines a high-net-worth individual as an individual who has at least $750,000 in AUM 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).
- High-Net-Worth Individuals* - 25.07%
- Other Individuals - 72.78%
- Corporations - 1.82%
- Charitable Organizations - 0.33%
* 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
Newedge Advisors does not have any disclosures.
Please visit its Form ADV for more details.
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Financial Advisors at Newedge Advisors
Lake Charles, LA
New Orleans, LA
New Orleans, LA
New Orleans, LA
New Orleans, LA
New Orleans, LA
New Orleans, LA
New Orleans, LA
Milldale, CT
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