Ultra-high-net-worth RIA NewEdge Wealth is reinforcing its economic thought leadership and investing capabilities with a key hire.
The Stamford, Connecticut-based firm announced the addition of Brian Nick as its new managing director and head of portfolio strategy.
With extensive experience in investment management, focusing on macro and global economic outlooks, Nick will lead thought leadership initiatives across NewEdge's investment platform, encompassing portfolio strategy, construction, and management.
Rob Sechan, CEO of NewEdge Wealth, commended Nick as a crucial hire the firm seeks to address the needs of its well-heeled client base.
“Investors are becoming more sophisticated and knowledgeable about asset classes, and Brian will help our ultra-high-net-worth, family office, and institutional clients understand the best choices to meet their financial goals,” Sechan said in a statement.
With a career stretching back 12 years, Nick has had leading roles at named firms such as chief investment strategist at TIAA/Nuveen, head of tactical asset allocation at UBS Wealth Management Americas, and investment strategist at Barclays Wealth. Notably, he was also a markets analyst at the Federal Reserve Bank of New York.
Nick expressed his enthusiasm for joining NewEdge Wealth, highlighting the opportunity to offer insights on investment portfolio management and construction.
“We are seeing unprecedented interest in asset allocation and an expanded universe of investment options – particularly in the alternative investment space – which makes this process even more critical,” Nick said, highlighting the tools and resources NewEdge Wealth has assembled to aid the portfolio process.
Since its launch in December 2020, NewEdge Wealth has grown its footprint to 11 offices across key locations in the country, including locations in Atlanta, Miami, Nashville, and San Francisco. As a division of NewEdge Capital Group, NewEdge Wealth supports over 350 financial advisors serving several thousand households, family offices, and institutions.
The firm celebrated a banner growth year in 2023, adding nearly $10 billion in client assets as it recruited elite advisors to its enterprise.
Quarterly analysis of retirement accounts highlights positive behavior.
Insiders say the Wall Street giant is looking to let clients count certain crypto holdings as collateral or, in some cases, assets in their overall net worth.
The two wealth tech firms are bolstering their leadership as they take differing paths towards growth and improved advisor services.
“We think this happened because of Anderson’s age and that he was possibly leaving,” said the advisor’s attorney.
The newly appointed leader will be responsible for overseeing fiduciary governance, regulatory compliance, and risk management at Cetera's trust services company.
How intelliflo aims to solve advisors' top tech headaches—without sacrificing the personal touch clients crave
From direct lending to asset-based finance to commercial real estate debt.
