Office address: 1251 Waterfront Place, Suite 510, Pittsburgh, PA 15222
Website: newedgecapitalgroup.com
Year established: 2021
Company type: financial services
Employees: 700+
Expertise: wealth management, investment advisory, independent broker-dealer services, institutional trading, open-architecture investment platforms, ultra-high-net-worth (UHNW) client services, family office solutions, financial technology
Parent company: EdgeCo Holdings, LP
Key people: James Jesse (CEO), Charles Warden and Robert McCann (co-chairs), Robert Sechan and Alex Goss (managing partners), Neil Turner (chief revenue officer), Joseph Banco (CFO)
Financing status: corporate-backed
NewEdge Capital Group (NECG) is a Pittsburgh-based wealth management firm that operates under EdgeCo Holdings. It serves UHNW individuals, family offices, and institutional clients through three subsidiaries. As of September 30, 2025, it services over $75 billion in client assets with more than 700 employees.
The story of NewEdge Capital Group starts well before its official launch in 2021. Its roots trace back to Mid Atlantic Capital Corporation, which co-chair Charles Warden founded in the 1980s.
Those roots became a strong foundation when EdgeCo Holdings started building its wealth management arm around 2018. In December 2020, EdgeCo launched NewEdge Wealth as an early step toward serving UHNW clients.
That groundwork paid off on November 1, 2021, when EdgeCo officially launched NewEdge Capital Group. The launch united three businesses under one name:
EdgeCo merged Mid Atlantic Financial Management with Goss Advisors, a company it acquired in 2020, to form NewEdge Advisors. At launch, the combined firm managed over $27 billion in client assets and supported more than 300 advisors.
The growth that followed was something few had expected from such a young organization. By the end of 2023, NewEdge Capital Group managed $44 billion in client assets, up from $27 billion at launch.
The firm set a $9.5 billion recruitment target for 2024 and beat it in under 12 months. By November 2024, assets had reached $65 billion as NewEdge Advisors alone brought in 25 new advisor teams.
By 2025, the company had surpassed $80 billion in client assets, a milestone that came just four years after launch.
Earlier that year, the firm earned recognition as an excellence awardee at the InvestmentNews Awards 2025 in New York City. The annual event brought together hundreds of advisors, executives, and companies across financial services to honor outstanding achievement.
Then in December, NewEdge named James Jesse as CEO. Jesse is a wealth management veteran from Morgan Stanley and ICONIQ Capital. The hire pointed to the firm's intent to keep expanding its platform and its client base.
NewEdge Capital Group's open-architecture platform gives advisors and clients access to solutions from multiple providers:
NECG supports its advisor network through seven custodian partners across more than 20 states. Its technology platform is built to strengthen advisor-client communication and give clients a transparent view of their portfolios.
NewEdge Capital Group's culture is advisor-first, rooted in relationship-centric service and transparency. It upholds this by putting advisor and client needs above the company's own.
As part of EdgeCo Holdings, staff receive a benefits package designed to support employees across the country. Compensation comes as a base salary with the option to qualify for bonuses or commissions. Other benefits include:
NECG describes its environment as entrepreneurial and independence-focused. The firm designs it this way to attract already-successful advisors who want to grow their practice on their own terms, free from the limits of large wirehouse companies.
James Jesse is the CEO of NewEdge Capital Group and leads the organization's overall growth. At ICONIQ Capital, Jesse served as president of investment management and family office and also held the role of group CAO. Jesse spent 17 years at Morgan Stanley as global head of international wealth management and is a University of Notre Dame graduate.
Jesse works alongside a core team of co-founders and senior executives who helped build the firm.
Several are co-founders of the company's subsidiaries and have a direct stake in the advisor-first model they helped build.
Jennifer Capo, a financial advisor affiliated with NewEdge Advisors, landed a spot on InvestmentNews' $100M Club: Top Female Advisors 2025 list. Capo leads Generate Wealth and was chosen based on managing at least $100 million in individual AUM in 2024. For NewEdge, the recognition points to its ability to attract elite independent advisors as it grows its platform.
That pull also extended to a major recruitment win in January 2026. NewEdge brought in ClearTrust Wealth Advisors, a 24-person team from Franklin, that managed $1.4 billion at Ameriprise Financial. The move gave NECG a stronger Southeast presence and added to its broader national growth.
New assets under management added continues strong gains for firm.
EdgeCo Holdings includes several growing business lines.
"Our differentiation is that the financial advisor is the one who’s special," says Neil Turner, of NewEdge Advisors.
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