NewEdge Capital Group, LLC, an invitation-only wealth management platform representing over $5 billion in platform assets under management, announced the extension of its strategic partnership with Envestnet. The integration allows wealth managers using Envestnet to incorporate Structured Note Strategies managed by NewEdge Investment Solutions into a single Unified Managed Account (UMA) alongside traditional investment vehicles.
The enhanced technical workflow enables financial advisors to streamline portfolio construction by managing NewEdge’s flagship structured note programs within the same account framework as equities, fixed income, and mutual funds.
“Our financial advisors need simple solutions to meet the complex wealth management needs of their clients, and this is one way to streamline investment strategies,” said Michaelangelo Dooley, NewEdge’s Structured Note Strategies Portfolio Manager.
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Consolidating Institutional Structured Note Portfolios
Through this updated integration, advisors can incorporate two key NewEdge strategies directly into UMAs:
Structured Note Income Portfolio (SNIP): Focuses on yield generation and risk mitigation using structured note structures.
Structured Note Advisory Portfolio (SNAP): Provides customized growth and capital preservation strategies tailored to private wealth management goals.
SNIP and SNAP were among the initial Structured Note Separately Managed Accounts (SMAs) offered via the Envestnet platform. First introduced in 2021, these strategies currently manage over $800 million in assets under management across multiple custodians and wealth platforms.
Streamlining Portfolio Operations for Affluent Workloads
By consolidating structured notes into a single UMA framework, advisors eliminate the administrative overhead of managing standalone account structures. The streamlined approach offers simplified client reporting, consolidated billing, and continuous rebalancing across diverse asset classes.
NewEdge Investment Solutions, launched in 2023, provides independent financial professionals and institutional teams with access to institutional-grade, GIPS-compliant strategies. Overseen by a dedicated team of Chartered Financial Analysts (CFAs), the platform supports more than 475 advisors servicing high-net-worth families, family offices, and institutions.
Wealth management advisors, multi-family offices, and institutional investment teams can review strategy performance, explore platform integrations, or contact the investment team by visiting NewEdge Capital Group’s official portal.
