The thrill of entrepreneurship is ‘wildly rewarding’

The thrill of entrepreneurship is ‘wildly rewarding’
InvestmentNews Awards 2024, CEO of the Year Excellence Awardee: Robert Sechan, NewEdge Wealth.
JUN 20, 2024
By  Josh Welsh

Rob Sechan embarked on a journey to evolve the industry when he and his partners left Wall Street to begin their entrepreneurial dream by founding NewEdge Wealth.

“Independence just attracted me. Once I saw it, I couldn't unsee it, and I ended up being in a place where I spent a good three or four years investigating what to do,” the CEO of Connecticut-based NewEdge Wealth says, after spending several decades in several different wirehouses.

Sechan says NewEdge Wealth has become one of the most “exciting RIA growth stories.” Since the firm was founded in early 2020, and with a few acquisitions, it has grown into a $60 billion AUM firm.

Even though Sechan is CEO, managing partner and co-founder of the firm, and while he may not be a regular advisor player in the space, he says one of the most rewarding things is being a coach to his team.

“I never want to let those clients go but more importantly than that, it’s getting to choreograph a bunch of talent to come together and see it actually work. The thrill of entrepreneurship and building something that didn't exist is wildly rewarding. There are people that have great jobs as a result of me believing something like this could come together,” he says.

Another rewarding feeling, Sechan admits, is him being recognized as an InvestmentNews Awards 2024 Excellence Awardee, with the winners announced on June 20 at 583 Park Avenue, New York City in a glitzy, red carpet ceremony. Click here to register to attend.

“To be a disrupter, you have to embrace something, or identify a need and if you happen to be able to do both, success will come from it,” Sechan highlighted. “I think we've been able to do that and that's been at the heart of our success."

Latest News

Women take the lead in most households' financial decisions, CFP Board finds
Women take the lead in most households' financial decisions, CFP Board finds

New research reveals women's influence in family decision-making, their top financial goals, and how concern for other household members helps shape their priorities.

Creative Planning expands in California with Maxwell Wealth Strategies
Creative Planning expands in California with Maxwell Wealth Strategies

The $345 billion RIA giant is extending its footprint in the West Coast as it lands its first deal for 2025.

Client retention is job number one
Client retention is job number one

Advisors leaning heavily toward fee-based services today enjoy a key competitive edge over commission-based practices – and it all hinges on preserving client loyalty.

Fed's Barr sounds off on risks from AI's speed
Fed's Barr sounds off on risks from AI's speed

The top cop at the Federal Reserve speaks out on possible herding behavior, with economic "gains being realized only by a small group."

60-year-old New York broker-dealer files bankruptcy, closes down
60-year-old New York broker-dealer files bankruptcy, closes down

Stoever, Glass & Co. Inc. opened in May 1964 and focused on municipal bonds.

SPONSORED Record growth: Interval funds emerge as key players in alternative investments

Blue Vault Alts Summit highlights the role of liquidity-focused funds in reshaping advisor strategies

SPONSORED Taylor Matthews on what's behind Farther's rapid growth

From 'no clients' to reshaping wealth management, Farther blends tech and trust to deliver family-office experience at scale.