NewEdge Advisors, EdgeCo's Louisiana-based RIA subsidiary, has extended its reach in the Lone Star state as a seven-person team joins from Osaic.
The firm announced Monday that it is welcoming BFS Advisory Group, led by founder Debra Brennan Tagg. The Dallas-based team managed approximately $318 million in client assets prior to the move.
Tagg, an industry veteran with over 25 years of experience, is recognized for her focus on financial planning-led wealth management. Other than Osaic, her BrokerCheck profile shows a history of past affiliations with Brennan Wealth Advisors and FSC Securities Corporation.
She is accompanied by associate wealth advisors Erin Neece and Hollis Stuckert, portfolio analyst Bradley Rouse, and three additional support staff as part of the transition to NewEdge Advisors.
“We're excited to have Debra and her team as part of our firm and look forward to supporting their continued growth,” Alex Goss, co-CEO and co-founder of NewEdge Advisors, said in a statement Monday.
A financial advisor since 1998, Tagg has built a reputation as a notable speaker on financial topics geared toward Gen X families, entrepreneurs, and women. In 2021, she founded The Aspen Society, a financial wellness group designed to connect women interested in expanding their financial knowledge.
“Our clients are successful, smart individuals who want to be excellent stewards of their wealth. They value professional guidance to use their money to have the lives they want, and they want a partner who will help them personally to pursue their goals,” said Tagg.
BFS Advisory Group marks the latest step in NewEdge Advisors' aggressive expansion, which has included 24 other teams and 56 new advisors, along with an 18 additional advisors it integrated into existing teams. In the first half of 2024 alone, the firm added 17 teams with 39 advisors, counting its June additiosn of a $580 million JPMorgan team and a $540 million practice from Carson.
Previously known as Goss Advisors, NewEdge Advisors became part of EdgeCo Holdings in 2020 and rebranded under NewEdge Capital Group in 2021.
From 401(k)s to retail funds, Deloitte sees private equity and credit crossing into mainstream investing on two fronts at once.
Big-name defections from Morgan Stanley, UBS, and Merrill Lynch headline a busy two weeks of recruiting for the wirehouse.
Markets have always been unpredictable. What has changed is the amount of information investors are trying to process and the growing role advisors play in helping clients avoid emotional decisions
Six apartment deals, one "big account," and $2.7M in undocumented insider loans. Now the lawsuit lands
The Illinois order refers to Brandon Ellington’s investment program as a “Ponzi-like scheme.”
Wellington explores how multi strategy hedge funds may enhance diversification
As technical expertise becomes increasingly commoditized, advisors who can integrate strategy, relationships, and specialized expertise into a cohesive client experience will define the next era of wealth management
