STAMFORD, Conn.--(BUSINESS WIRE)--NewEdge Wealth, LLC, a registered investment adviser specializing in ultra high net worth, family office and institutional clients, has appointed Karen Glassman as Managing Director. In her new role, Ms. Glassman concentrates on all aspects of global marketing, initiating and expanding assets under management and developing direct contact with clients.
Prior to joining NewEdge Wealth, Ms. Glassman served as President and CEO of Unio Asset Management. She began her career at Bear Stearns, where she became the first and only female arbitrage trader in the history of the firm. Trained personally under the tutelage of Alan (Ace) Greenberg, Karen developed the skills and processes needed to navigate the complexities of serving high net worth families with multi-generational wealth.
Along with prominent affiliations such as the Rockefeller University Council, the Financial Women's Association, and the Ithaca College Investment Advisory Board, Karen has been deeply involved in the mentoring of young women throughout her career. Her focus on underprivileged students in New York City was acknowledged and awarded by the New York City Mentoring Program. With her passion for women’s advocacy, Karen will also spearhead the newly created NewEdge Wealth’s Global Women’s Initiative, which will focus on advancing female voices and leaders within the financial services industry.
“Based on her extensive expertise, Karen is the perfect addition to our firm,” said Rob Sechan, CEO and Co-Founder of NewEdge Wealth. “Karen is a trusted member of the financial community and an esteemed advisor to prominent clients worldwide. Her experience with C-suite executives and their families, along with women’s advocacy, adds to the strong values of our firm.”
NewEdge Wealth is a division of NewEdge Capital Group, which currently advises $30 billion in client assets. The firm has experienced rapid and strategic growth since its founding at the end of 2020. Most recently, NewEdge Wealth added an 11-person advisory team in South Florida with 90+ years of experience helping ultra-successful entrepreneurs, family offices and their families navigate the unique challenges they face in achieving their goals particularly before, during and after the process of selling a business. In January, they also announced the appointment of Robert J. McCann, a wealth management industry icon, as the Co-Chairman of the firm’s parent company, NewEdge Capital Group.
Karen’s finance credentials include multiple licenses including a General Securities Principal, Licensed Equity Trader, Investment Banker and Investment Advisor Representative. She is based out of the NewEdge Wealth office in Connecticut and serves clients throughout the country. Karen holds a Bachelor of Fine Arts degree from Ithaca College.
About NewEdge Wealth
NewEdge Wealth is a division of NewEdge Capital Group, LLC. NewEdge Capital Group has over $30 billion in client assets across multiple business lines and supports over 300 financial advisors servicing several thousand households, family offices and institutions comprising more than 75,000 client accounts. 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 with the advisor to create a stronger, more personal relationship. Investment advisory services offered through NewEdge Wealth, LLC, a registered investment adviser. Securities offered through NewEdge Securities, Inc., Member FINRA/SIPC. For more information, visit www.newedgewealth.com
