NewEdge Wealth, LLC offers comprehensive investment advisory services primarily structured around a wrap fee program. The firm serves ultra-high-net-worth individuals, families, family offices, and other institutional clients. Advisory services include wealth strategy and financial planning, asset allocation, portfolio construction and asset management, institutional consulting, and comprehensive performance reporting. Investment management is delivered through various vehicles, including private wealth adviser-managed portfolios, model strategies, separately managed accounts featuring independent managers, and NewEdge Investment Solutions strategies. The firm also provides access to private funds and structured notes. NewEdge Wealth operates as a wholly owned subsidiary of NewEdge Capital Group, LLC, and is under common control with NewEdge Securities, LLC, a registered broker-dealer.
Fee Structure
NewEdge Wealth charges investment management fees based on a percentage of assets under management, a flat asset-based fee, or a fixed annual fee, depending on the client's agreement. Investment manager fees for specialized strategies generally range from 0.10% to 1.50% of assets under management. Specifically, NewEdge Investment Solutions manager fees vary by strategy: equity strategies cost 0.25%, fixed income and municipal bond strategies cost 0.10%, structured notes strategies cost 0.50%, and outsourced chief investment officer multi-asset strategies cost 0.10% to 0.15%. Independent manager fees range from 0.10% to 1.50%. Fees are negotiable based on factors such as asset amount, account composition, and service complexity.