Stephen Cherewaty is a registered investment advisor at Newedge Advisors, based in Beaumont, TX. Stephen operates on a fee-only basis, meaning they do not earn commissions from product sales. Their practice areas include Alternative Investments, Business Owners, Charitable Giving, Corporate Executives, and 9 more. Their firm serves 49,898 clients with $43B in assets under management.
Compensation
Firm Size
Number of Clients
Average Client Portfolio
Assets Under Management
Fee Structure
Portfolio-Based Fees (Tiered)
| Portfolio Value | Annual Fee |
|---|---|
| Up to $1.0M | 2.25% |
| $1.0M - $2.0M | 2.00% |
| $2M+ | 1.75% |
Schedule reflects the primary Equity and Balanced Advisors Choice program. The firm imposes a maximum annual fee of 1.75% for new accounts opened after December 31, 2025, though older accounts may have rates up to 2.50%. Additional program schedules exist for fixed income, mutual fund strategies, and third-party manager programs. Fees are negotiable.
Fee Estimator
Location
2 Acadiana Court, Beaumont, TX, 77706
Get directionsHistory
Regulatory History (1)
Criminal
December 2006Employment History
Current Registrations
Newedge Advisors
State Registrations1 state
You can work with an advisor not registered in your state. Most advisors can legally serve a small number of clients across state lines without registering.
Exams
More Advisors
- Joshua Cavett, PFSNewedge Advisors
- Ellen ReynardNewedge Advisors
- Damon Davis, CFPWells Fargo Advisors
- Eric Schneider, CFPAmeriprise Financial Services, LLC
- Timothy Satre, CFPLPL Financial LLC
- Richard Gagne, ChFCCetera Investment Advisers LLC