NewEdge Wealth Expands with First Chicago Team Led by David Chase

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 foray into the Chicago market. Chase, who previously served as Managing Director, Investments at Wells Fargo Advisors, brings a wealth of experience in advising high net worth families, executives, and institutions. Joining him are associates Robert Belfour, Mia Costarella, and Natalie Dymkowski. The expansion is part of NewEdge Wealth's strategy to meet the growing demand from high net worth and ultra high net worth clients across the United States. In the past year, the firm has added advisors in several locations, including Atlanta, North Carolina, and Knoxville, Tennessee.

Why It's Important?

The expansion into Chicago is significant for NewEdge Wealth as it seeks to broaden its national footprint and enhance its service offerings to affluent clients. The addition of David Chase and his team is expected to strengthen the firm's capabilities in wealth management, particularly in a city experiencing a surge in wealth among successful individuals and privately held businesses. This move aligns with NewEdge Wealth's strategy of providing tailored financial services to meet the complex needs of high net worth clients. The firm's growth reflects a broader trend in the financial services industry, where firms are increasingly focusing on personalized advisory services to capture a larger share of the wealth management market.

What's Next?

With the establishment of its first team in Chicago, NewEdge Wealth is likely to continue its expansion strategy by targeting other key markets across the United States. The firm may also look to further enhance its service offerings and technological capabilities to better serve its clients. As the wealth management industry becomes more competitive, NewEdge Wealth's focus on high net worth and ultra high net worth clients positions it well to capitalize on emerging opportunities in the market.