Mitchell Sovis
Mitchell Sovis is a registered investment advisor at Newedge Advisors, based in New Orleans, LA, with 5 years of industry experience. Mitchell operates on a fee-only basis, meaning they do not earn commissions from product sales. Their practice areas include Estate Planning, Financial Planning & Coaching, Investment Management, Retirement Planning. Their firm serves 42,946 clients with $27B in assets under management.
Compensation
Firm Size
Number of Clients
Average Client Portfolio
Assets Under Management
Fee Structure
NewEdge Advisors manages investments through a wrap fee program. Clients pay a single annual fee, not to exceed 2.50%, which covers investment advice and custodial transaction costs. The fee is calculated based on the value of the account and is billed quarterly in advance. Fees are negotiable. Clients may pay more for the wrap fee service than they would for non-wrap services, depending on their account's trading activity.
Location
858 Camp Street, New Orleans, LA, 70130
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Regulatory History
No disclosures, customer disputes, or regulatory actions on file.
Disclosures include customer complaints, regulatory actions, and other events that advisors must report to the SEC. A clean record means none have been reported.
Learn about disclosures →Other Business ActivitiesSells Insurance
Mitchell operates his LPL business through Stonebridge Financial Partners LLC and dedicates full-time hours to it. He also provides administrative support to NewEdge Advisors, an independent investment advisor firm, dedicating full-time hours to this activity as well. Mitchell is also a licensed insurance agent/broker and may offer insurance products.
Employment History
Current Registrations
Newedge Advisors
LPL Financial LLC
LPL Financial LLCBroker
Previous Registrations
Cetera Advisor Networks LLCBroker
Cwm, LLC
Riverpoint Wealth Management
Ameriprise Financial Services, LLCBroker
Royal Alliance Associates, INC.Broker
State Registrations1 state
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