NewEdge Wealth, NewEdge Capital Group’s invite-only RIA serving ultra-wealthy purchasers with about $18.5 billion in shopper belongings, has added Christopher Ayer as a principal. Ayer joins from Pallas Capital Advisors, a Braintree, Mass. RIA, the place he served as senior vice chairman of wealth administration, and can set up the agency’s first New Hampshire workplace in Portsmouth.
NewEdge declined to reveal Ayer’s belongings underneath administration. Anne-Michael McGrath can also be becoming a member of his staff from Pallas as a vice chairman of shopper service.
Ayer has a background in wealth safety and tax mitigation methods for carefully held companies, particularly franchise house owners.
“Chris has established a popularity for serving to carefully held enterprise house owners, executives and excessive internet value households navigate the complexities of their monetary wants,” stated Rob Sechan, co-founder and CEO of NewEdge Wealth, in an announcement. “He has joined the NewEdge staff to boost the providers and options he can ship to his purchasers.”
Previous to becoming a member of Pallas, he was registered with Goss Advisors, the predecessor to NewEdge, for lower than a yr, based on regulatory filings. Earlier than that, he was an advisor and managing director at Ameriprise, with a give attention to tax, property and generational wealth planning. He additionally held senior vice chairman positions at UBS and Smith Barney.
NewEdge Wealth launched in December 2020 and has grown to 14 places of work, together with places in Atlanta, Miami, Nashville and San Francisco.
Initially Goss Advisors, co-founders and co-CEOs Alex Goss and Neil Turner joined EdgeCo Holdings as the premise for a 1099 wealth administration division in 2020. NewEdge Advisors was created the next yr with the launch of father or mother firm NewEdge Capital Group, comprising the platform for impartial advisors (which now presents a W-2 possibility), NewEdge Wealth and a brokerage. The agency additionally has a sturdy in-house expertise division.
EdgeCo is backed by Parthenon Capital and Waterfall Asset Administration.
