NewEdge Advisors, the New Orleans-based RIA partnership platform owned by NewEdge Capital Group, has snagged a team of advisors from Carson Wealth. Stonebridge Financial Partners, a Troy and Grand Rapids, Mich.-based firm with $540 million in client assets and a team of 18, has joined NewEdge, a large enterprise of LPL Financial, via its 1099 model.
The Stonebridge team includes founder and wealth advisor Tim Bearden, partners and wealth advisors Tyler Silverthorn, Evan Topor and Taylor Maks, three additional wealth advisors and 11 support staff. The group was founded in 2004 by Bearden. It had been with Carson since 2014, according to Bearden’s BrokerCheck profile.
“As we continue to grow, preserving the same high level of client service is our top priority and NewEdge Advisors provides us the flexibility to curate the best experience for our clients,” Bearden said in a statement.
Originally Goss Advisors, co-founders and co-CEOs Alex Goss and Neil Turner joined EdgeCo Holdings as the basis for a 1099 wealth management division in 2020. NewEdge Advisors was created the following year with the launch of parent company NewEdge Capital Group, comprising the platform for independent advisors (which now offers a W-2 option), an invite-only RIA serving the ultra-wealthy and a brokerage. The firm also has a robust in-house technology division.
Earlier this year, Goss told WealthManagement.com NewEdge Capital planned to ramp up M&A activity after developing an integration process that accommodates quicker transitions.
The firm currently oversees more than $25 billion in assets on the NewEdge Advisors platform, representing a little more than half of total assets within the NewEdge Capital ecosystem.
EdgeCo is backed by Parthenon Capital and Waterfall Asset Management.