NewEdge lands $1bn New York advisory team as Seven Bridges heads for independence

NewEdge Capital Group has added another large advisory practice to its national network, affiliating with a New York–based team overseeing roughly $1 billion in client assets.

Seven Bridges Wealth Advisors, a 14-person group headquartered in White Plains, New York, has joined NewEdge Advisors after departing Ameriprise Financial. The move coincides with the team’s launch as a fully independent, advisor-owned wealth management firm operating under a multi-custodial structure.

The addition expands NewEdge Advisors’ presence in the New York market and reflects continued momentum among firms positioning themselves as alternatives for advisors seeking greater autonomy alongside institutional-scale support.

Led by managing partners Max DiSesa, Andrew Buscetto, David Mazzetti and Joseph Femia, the team focuses on entrepreneurs and senior executives with complex financial planning needs. Its offering includes investment management, retirement and estate planning, tax coordination, insurance and charitable giving, delivered through a family office-style approach that emphasizes collaboration with clients’ outside professionals.

NewEdge Advisors CEO Alex Goss framed the affiliation as further validation of the firm’s advisor-focused operating model.

“The Seven Bridges team brings significant experience, depth and a strong client-first philosophy to our platform,” said Alex Goss, CEO of NewEdge Advisors. “Their decision to partner with us underscores the value of our advisor-centric model and our commitment to providing the infrastructure and strategic support teams need to grow without sacrificing independence.”

Seven Bridges has offices across Lower Westchester and the Hudson Valley, including White Plains, Goshen, Poughkeepsie, Wallkill and Albany. The practice has also been named to Forbes’ Best in New York Wealth Management Teams list each year from 2023 through 2026.

Seven Bridges said months of internal discussions preceded the decision to leave Ameriprise and establish an independent firm structure.

"After careful consideration and months of strategic discussions with our entire team, including 30-year industry veteran Dave Mazzetti, we all agreed that seeking independence would enable us to keep pace with the changing industry and client expectations," said Max DiSesa, CFP, Managing Partner. "We are incredibly proud to take this step, as it represents an investment not only in the future of our firm but in our commitment to providing our clients with a modern, world-class wealth management and financial planning offering."

Partnering with NewEdge provides operational infrastructure, technology capabilities and strategic support while allowing the firm to adopt an open-architecture model rather than relying on a single back-office provider, according to the companies.

Andrew Buscetto emphasized the role of platform resources in shaping the firm’s next phase.

“NewEdge Advisors provides the infrastructure and strategic alignment that enables us to deliver a more personalized, high-touch experience while continuing to build a firm designed to serve clients for generations.”

Joseph Femia said independence was driven largely by client complexity and evolving service expectations.

"Becoming an independent firm enables Seven Bridges Wealth Advisors to address the increasingly complex wealth management needs of our clients," said Joseph Femia, Managing Partner. "Now, as a truly independent firm, we have the flexibility to serve our clients and do so with improved infrastructure and advanced solutions. We are honored by the trust our clients place in our team. It's a responsibility we do not take lightly, and the reason behind every decision we make, including our journey to independence."

Founded in 2020, NewEdge Capital Group has expanded through both recruiting and acquisitions, supporting advisors through its NewEdge Advisors and NewEdge Wealth divisions. The firm reported servicing more than $88 billion in client assets as of the end of 2025 and has ranked among the industry’s largest registered investment advisors in recent national listings.