NewEdge Capital Group has announced that Stonegate Investment Group has joined its NewEdge Advisors platform, a move that pushes the firm’s Pillar Channel program beyond $14 billion in client assets.
The Pillar Channel model was introduced in early 2023 to partner with established advisory practices and wirehouse breakaway teams seeking liquidity and growth opportunities. The structure allows firms to transact with NewEdge while continuing to build their businesses and maintain client relationships under the NewEdge Advisors brand.
Stonegate, based in Birmingham, Alabama, brings a 13-person advisory team that manages roughly $6 billion in assets, and is now the largest advisory group to affiliate through the Pillar Channel which now includes 14 advisory teams located across the United States, from the West Coast to the Southeast.
“The core of our industry is the advisor-client relationship. This platform allows professionals to maintain that core tenet when entering a transaction with NewEdge Advisors,” said Alex Goss, NewEdge Advisors CEO and Co-Founder.“Our Pillar Channel affiliation ensures that a transaction doesn’t change the continuity and quality of service for clients. Through a meticulous process, we provide monetization for advisors while preserving cultural and philosophical alignment. Too many competitor transactions fundamentally change or throw away what made advisors and their clients successful in the first place. This is the right program for a changing industry.”
The Pillar Channel targets established advisors who still have substantial growth potential and are seeking resources to accelerate expansion. Participating advisors receive both cash and equity in NewEdge, aligning their long-term incentives with the firm’s performance.
Stonegate’s executive managing director Tony Smith said the decision to join the platform centered on strengthening support for clients while maintaining the firm’s advisory approach. Smith has led his team since 2021 as managing partner and CEO before his current role. He was previously with UBS for 13 years.
Founded in 2020, NewEdge Capital Group operates two RIAs: NewEdge Wealth, which focuses on ultra-high-net-worth clients, and NewEdge Advisors, which provides affiliation options for independent advisors. The firm also offers brokerage services through NewEdge Securities.
NewEdge currently oversees more than $88 billion in client assets as of Dec. 31, 2025, and ranks No. 3 on Barron’s 2025 Top 100 RIAs list and No. 8 on Forbes’ 2025 Top RIAs.
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