NewEdge Capital Group Expands RIA Channel with Acquisition of ClearTrust Wealth Advisors
NewEdge Capital Group has made a significant move in expanding its channel for Registered Investment Advisors (RIAs) with the acquisition of a 24-person team from Ameriprise. This mammoth team, previously affiliated with ClearTrust Wealth Advisors, brings a wealth of experience and expertise to NewEdge Advisors, a channel dedicated to supporting independent financial advisors.
Key Players in the ClearTrust Team
The ClearTrust team, based in Franklin, Tennessee, near Nashville, was led by private wealth advisors and managing partners Matt Robins, Nick Stamatis, and Joe Creecy. With a combined experience dating back to the 2000s, this team has successfully managed approximately $1.4 billion in client assets at Ameriprise.
Specializing in financial planning and wealth management services for small businesses, corporate executives, and families, the ClearTrust team has built a reputation for providing personalized and comprehensive financial solutions to their clients.
NewEdge Capital Group’s Commitment to Advisor-Led Organizations
Alex Goss, CEO of NewEdge Advisors, expressed his enthusiasm for welcoming the ClearTrust team to the NewEdge family, stating, “Matt, Joe, Nick, and the entire ClearTrust team represent exactly the type of advisor-led organization we are proud to support.” This sentiment underscores NewEdge Capital Group’s dedication to empowering independent advisors and fostering a collaborative and client-centric approach to wealth management.
NewEdge Advisors is part of NewEdge Capital Group, which encompasses NewEdge Wealth, an independent Registered Investment Advisor (RIA), and NewEdge Securities, a broker-dealer. Backed by EdgeCo Holdings, with investments from Parthenon Capital and Waterfall Asset Management, NewEdge Capital Group manages approximately $88 billion in client assets and boasts a network of over 450 advisors and registered representatives.
Recent Recruiting Successes and Growth Trajectory
NewEdge Capital Group’s strategic recruitment efforts have yielded notable successes in attracting high-caliber advisory teams. Recent additions to the NewEdge family include a trio of advisors previously managing $6 billion at Summit Trail Advisors and a nine-person team overseeing $1.4 billion in client assets at Merrill Lynch in Destin, Florida.
These recruiting wins underscore NewEdge Capital Group’s appeal to top-tier advisors seeking a supportive and entrepreneurial environment to grow their practices and better serve their clients.
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