STAMFORD, Conn.--(BUSINESS WIRE)--NewEdge Wealth, LLC, a registered investment adviser specializing in servicing the needs of ultra high net worth families, family offices and institutional clients, announced today that an Allentown, Pennsylvania-based team led by Paul Emrick has joined the firm.
Emrick, a Principal at the firm, and Vice President and Portfolio Strategist Matt Mongon were previously advisors at Morgan Stanley. They join NewEdge Wealth along with two associates, Monica Dougherty and Nathan Emrick. The team selected Goldman Sachs Custody Solutions (GSCS) as their primary custodian.
“Paul, Matt and the team have the expertise and experience to provide comprehensive wealth planning and advice to entrepreneurs and their families, as well as corporate retirement plans, endowments and foundations. They will serve as an invaluable resource as an anchor of our expansion into Pennsylvania,” said Rob Sechan, CEO of NewEdge Wealth. “We are confident they will be a vital part of NewEdge Wealth as we continue to deliver the services sought by high net worth and ultra high net worth investors.”
Emrick led a Private Wealth Management team at Morgan Stanley for more than a decade, helping business owners and their families with holistic wealth management and investment decisions. He has also held senior roles at JP Morgan Private Bank and MFP Strategies. Before his career in financial services, Emrick was commissioned through the Army ROTC program at West Chester University in Pennsylvania. He served on active duty in the U.S. Army as a field artillery officer, primarily with the 3rd Infantry Division in Germany.
Mongon joined Morgan Stanley in 2018 after a senior role in managing Lehigh University’s $1.6 billion endowment fund. He was also a Senior Consultant and Director of Investment Research for MFP Strategies.
Emrick said, “We are excited to join the NewEdge Wealth team as we seek to level up and return to our independent roots. The culture at NewEdge could not be a better fit. We can now deliver the combined breadth and depth of insights and digital-forward solutions from NewEdge and GSCS. We’re thrilled to continue to deliver for our clients and help the NewEdge team continue to grow.”
Jeremy Eisenstein, Managing Director at Goldman Sachs, added, “Goldman Sachs Custody Solutions is proud to join efforts with NewEdge Wealth to provide increased access to our institutional-grade solutions that will support Paul and Matt in delivering an enhanced client experience. We’re excited to support this new team on their journey to independence.”
NewEdge Wealth, based in Stamford, Connecticut, launched in December 2020 and has grown to 13 offices, including locations in Atlanta, Miami, Nashville and San Francisco.
About NewEdge Wealth
NewEdge Wealth is a division of NewEdge Capital Group, LLC. NewEdge Capital Group services multiple business lines and supports over 400 financial advisors servicing several thousand households, family offices and institutions. NewEdge Capital Group, LLC, a Barron’s Top 100 RIA Firm and Forbes’ America’s Top RIA Firm*, is the wealth management business unit of EdgeCo Holdings LP, which has over 900 employees.
NewEdge Wealth is designed to meet the needs of ultra high net worth, family office and institutional clients. The division seeks to provide a select group of clients with a personalized level of service and attention designed to help organize and simplify their lives, while also providing access to an expansive menu of institutional caliber products and services — all wrapped in technology that serves as the connective tissue between the client and their advisor to create a stronger, more personal relationship. Investment advisory services are offered through NewEdge Wealth, LLC, a registered investment adviser. Securities are offered through NewEdge Securities, Inc., Member FINRA/SIPC. NewEdge and its affiliates do not render advice on legal, tax and/or tax accounting matters to clients. Each client should consult his/her personal tax and/or legal advisor to learn about any potential tax or other implications that may result from acting on a particular recommendation. For more information, visit www.newedgewealth.com.
*Barron’s rankings awarded in September 2023 based on prior 12 month data. Forbes/Shook rankings awarded in October 2023 based on data from 3/31/22-3/31/23. Neither NewEdge Wealth nor its employees pay a fee in exchange for these rankings.
Custody, clearing and certain brokerage services are offered by Folio Investments, Inc., d/b/a Goldman Sachs Custody Solutions (“GSCS”), a registered broker-dealer and member FINRA/MSRB/SIPC. Additional brokerage services are provided by Goldman Sachs & Co. LLC (“GS&Co.”), which is an SEC-registered broker-dealer and investment adviser, and member FINRA/MSRB/SIPC. Research GSCS and GS&Co. at FINRA's BrokerCheck. The information provided here shall not constitute an offer, solicitation, or advice by GSCS or GS&Co. to buy or sell securities.
