What's Happening?
NewEdge Wealth, LLC, a registered investment advisor, has announced the addition of a Chicago-based team led by veteran wealth manager David Chase. This marks NewEdge Wealth's first location in Chicago, as part of its strategic nationwide expansion. Chase, who has over 20 years of experience in wealth management, will be joined by associates Robert Belfour, Mia Costarella, and Natalie Dymkowski. The firm has been actively expanding its footprint, adding advisors in various locations including Atlanta, North Carolina, and Knoxville, Tennessee. Chase previously served as Managing Director, Investments at Wells Fargo Advisors, and has been recognized by Forbes as a Best-in-State Wealth Advisor for Illinois.
Why It's Important?
The expansion into Chicago is significant for NewEdge Wealth as it taps into a growing market of high net worth individuals and privately held businesses in the region. This move aligns with the firm's strategy to enhance its services for ultra high net worth clients across the country. By bringing in experienced advisors like David Chase, NewEdge Wealth aims to strengthen its position in the competitive wealth management industry. The firm's growth reflects the increasing demand for specialized financial advisory services, particularly in major economic hubs like Chicago.
What's Next?
With the establishment of its Chicago team, NewEdge Wealth is poised to further expand its services and client base in the region. The firm is likely to continue its strategic growth by adding more advisors and opening new locations nationwide. As the wealth management industry evolves, NewEdge Wealth's focus on providing tailored services to high net worth clients will be crucial in maintaining its competitive edge. The firm may also explore partnerships and collaborations to enhance its offerings and reach.
