NewEdge Advisors, the New Orleans-based RIA partnership platform owned by NewEdge Capital Group, has snapped up a team of advisors from Carson Wealth. Stonebridge Financial Partners, a firm based in Troy and Grand Rapids, Mich. with $540 million in client assets and a team of 18, has joined NewEdge, a major LPL Financial enterprise, through 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. She had been with Carson since 2014, according to Bearden's BrokerCheck profile.
“As we continue to grow, maintaining the same high level of client service is our top priority, and NewEdge Advisors provide us with 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 foundation for a 1099 wealth management division in 2020. NewEdge Advisors was created the following year with the launch of parent company NewEdge Capital Group, which included platform for independent advisors (which now offers a W-2 option), an invitation-only RIA serving the ultra-wealthy and a brokerage. The firm also has a strong home technology division.
Earlier this year, Goss said WealthManagement.com NewEdge Capital planned to increase M&A activity after developing an integration process that accommodates faster transitions.
The firm currently oversees more than $25 billion in assets on the NewEdge Advisors platform, representing just over half of the total assets within the NewEdge Capital ecosystem.
EdgeCo is backed by Parthenon Capital and Waterfall Asset Management.