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 Michael Kramer has joined the firm at its Stamford, CT headquarters. Kramer, who was a board-certified practicing cardiologist before transitioning to the wealth management industry almost two decades ago, comes to NewEdge from his former firm First Republic Investment Management.
Kramer, along with two client service associates, will join NewEdge Wealth as a Managing Director.
"Our firm continues on a strong growth trajectory as advisors align with the values, culture and service support we provide,” said Rob Sechan, CEO and Co-Founder of NewEdge Wealth. “Michael’s unconventional professional path to wealth management provides him with expertise that will enhance our ability to serve ultra high net worth clients, and we are honored to have him on our team."
Previously, Kramer served as a Managing Director and Wealth Manager with First Republic Investment Management, which he joined in 2020. Prior to that, he was a Principal and Group CEO at B. Riley Wealth Advisors and a Managing Director at Ladenburg Thalmann. Kramer was a practicing cardiologist who served on the Mount Sinai School of Medicine faculty before pursuing a career in wealth management.
He earned his bachelor's degree in biology from Rutgers University and his medical degree from the University of Pennsylvania.
Kramer said, "I am excited to become a part of NewEdge Wealth where I can continue to seek to help my clients grow and preserve their wealth. Rob and his team have accomplished so much in a short period of time, and I look forward to taking advantage of the firm’s structure, solutions and services as we contribute to the firm's continued success."
NewEdge Wealth, which launched in December 2020, continues to expand its national footprint. In June, the firm announced the opening of a San Francisco and Nashville-area office, with a second expansion to San Francisco in September. NewEdge Wealth now has nine offices in addition to its headquarters in Stamford, Connecticut.
About NewEdge Wealth
NewEdge Wealth is a division of NewEdge Capital Group, LLC. NewEdge Capital Group services multiple business lines and supports over 300 financial advisors servicing several thousand households, family offices and institutions. New Edge 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 700 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 June 30, 2023, data. Forbes/Shook rankings awarded in October 2023 based on June 30, 2023, data.
