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NEW Edge Wealth

NEW Edge Wealth. CRD 307771

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CRD: 307771

NEW Edge Wealth

$19.9B Total AUM
$18.2B Disc. AUM
48.1% 3Y CAGR
211 Employees
3,729 ADV. Clients
6 yrs Firm Age

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Firm Details

Custodian
Capital Group · Charles Schwab & Company · Fidelity/NFS · MID Atlantic · UBS
Clients
Retail and Institutional
Established Date
02-01-2020
Office Locations
32

Office Locations

1 N Wacker DR Chicago IL
110 Corcoran ST (Floor 5) Durham NC
1100 Atlantic Street, 2ND Floor Stamford CT

About NEW Edge Wealth

NewEdge Wealth is a boutique wealth management firm providing customized wealth strategy and investment management for multigenerational families, entrepreneurs, corporate executives, and private equity professionals, and offering outsourced CIO support for family offices. The team curates research and ideas from large Wall Street firms and banks and provides access to institutional-caliber products and services, supported by technology that keeps clients and advisors connected.

Reported data analysis

What the numbers show

Between November 14, 2025 and April 23, 2026, reported AUM increased 65.2%, from $12.1B to $19.9B.

Across 5 reported observations, AUM increased 295.8% between October 13, 2022 and April 23, 2026, from $5.0B to $19.9B.

Of the latest reported AUM, 91.4% is discretionary and 8.6% is non-discretionary.

The firm reports 99 advisory representatives and 3,729 clients, or 37.7 clients per representative. That equates to $5.3M in reported AUM per client.

The profile lists 32 reported office locations and 6 years in operation. The source data was last updated on April 23, 2026. Figures reflect reported regulatory data and may not include subsequent changes.

Team overview

47 AVG AGE
$201.3M AVG AUM / ADVISOR
$5.3M AVG AUM / CLIENT
2.6 yrs AVG TENURE
211 Employees
99 Advisory Reps
90 RIA Reps
6yrs Firm Age

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Available data coverage

  • Asset Classes
  • Client Personas
  • CRM
  • Custodian
  • Investment Themes
  • Investment Vehicles
  • Platform
  • Services
  • Technology

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Owner & Executives

J

JOSEPH FRANKLIN BANCO JR

Chief Financial Officer, TREASURER

CRD
#2850198
Ownership
Less than 5%
NICOLE ANN Early

NICOLE ANN Early

Chief Compliance Officer

CRD
#6038221
Ownership
Less than 5%

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Contacts

FRANK B BARRY ACKERMAN

FRANK B BARRY ACKERMAN

Managing Director

CRD
#1110398
MUZAFFAR MASHKOOR AHMED

MUZAFFAR MASHKOOR AHMED

Managing Director, Principal

CRD
#2091879

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Assets Under Management

Total AUM
Discretionary
Non-Discretionary
10-13-2022
09-01-2023
09-30-2024
11-14-2025
04-23-2026
Category Assets AVG. Account size
Discretionary $18,220,388,983 $1,039,561
Non-Discretionary $1,705,969,818 $825,736
Total $19,926,358,801 $1,017,014

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Separately Managed Accounts

SMA allocation detail is available

NEW Edge Wealth has reported separately managed account data across 8 asset classes. AdvizorPro provides the associated asset values, allocation percentages, and exportable breakdown.

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13F Holdings | Q2 2026

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NEW Edge Wealth's 13F holdings detail is available for Q2 2026, including issuer, security class, CUSIP, ticker, portfolio weight, and reported value.

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