NewEdge Picks Up $540 Million Advisor Team From Carson

Stonebridge Financial Partners Has Offices In Troy And Grand Rapids, Michigan
Neil Turner, Co-CEO and Co-Founder, NewEdge Advisors, and Tim Bearden, Founder and Wealth Advisor, Stonebridge Financial Partners
Neil Turner, Co-CEO and Co-Founder, NewEdge Advisors, and Tim Bearden, Founder and Wealth Advisor, Stonebridge Financial Partners

New Orleans-based RIA NewEdge Advisors recruited Stonebridge Financial Partners from Carson Wealth, where the team oversaw about $540 million in client assets, NewEdge said Tuesday.

Michigan-based Stonebridge has offices in Troy and Grand Rapids, and has provided comprehensive wealth planning services to individuals, families and business owners since 2004.

Joining NewEdge are Tim Bearden, Founder and Wealth Advisor, and Tyler Silverthorn, Evan Topor and Taylor Maks, Partners and Wealth Advisors.

The Stonebridge team also includes three additional wealth advisors and 11 firm and client support staff.

“Our company is built to support advisors who prioritize the client experience, and Tim and the Stonebridge team are a prime example,” according to Neil Turner, Co-CEO and Co-Founder of NewEdge Advisors.

“We look forward to providing the culture, tools, and support needed for Stonebridge to thrive and continue to deliver unparalleled service to their clients,” Turner said.

Explaining why Stonebridge decided to join NewEdge, Bearden said: “As we continue to grow, preserving the same high level of client service is our top priority and NewEdge Advisors provides us the flexibility to curate the best experience for our clients. This flexibility, coupled with NewEdge’s culture, made joining this team the right choice for our firm.”

NewEdge Advisors, previously known as Goss Advisors, became part of EdgeCo Holdings in 2020. In 2021, NewEdge was created as a part of the launch of NewEdge Capital Group.

The firm was founded by New Orleans residents Alex Goss and Neil Turner in 2004.

In February, NewEdge Advisors recruited Milldale, Connecticut-based Nesso Wealth, which oversaw about  $262 million in client assets.

NewEdge Capital Group said in December that it surpassed its 2022 record growth in client assets and advisor teams. The firm, which includes NewEdge Wealth and NewEdge Advisors, announced that it recruited assets under management of $9.6 billion in 2023, “representing its best recruiting year since inception,” according to a press release. The firm’s 2023 activity was up from $9.1 billion in 2022.

As of February, NewEdge Capital Group had over $42 billion in client assets and supported more than 300 advisors who served several thousand households, family offices and institutions across more than 75,000 client accounts.

Jeff Berman, Contributing Editor & Reporter at Wealth Solutions Report, can be reached at jberman@wealthsolutionsreport.com.

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