NewEdge Capital Group announced that Stonegate Investment Group of Birmingham, Alabama, has affiliated with its NewEdge Advisors RIA, marking a milestone as the Pillar Channel program surpasses $14 billion in client assets. Stonegate’s 13-person advisory team, which manages roughly $6 billion in client assets, is the largest team to join the Pillar Channel to date. Launched in early 2023, the Pillar Channel affiliation model allows high-performing advisors and wirehouse breakaways to transact with NewEdge Advisors while maintaining continuity in client relationships, preserving culture, and accelerating practice growth. The program now includes 14 advisory teams across the U.S., providing cash and equity incentives that align advisor success with the firm’s growth.
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Alex Goss, CEO and Co-Founder of NewEdge Advisors, emphasized, “Our Pillar Channel affiliation ensures that a transaction doesn’t change the continuity and quality of service for clients. Through a meticulous process, we provide monetization for advisors while preserving cultural and philosophical alignment.” Stonegate CEO Tony Smith added, “This partnership strengthens the infrastructure, resources, and continuity supporting our client relationships, allowing us to focus even more on delivering thoughtful, personalized advice without compromise.” Neil Turner, CRO of NewEdge, noted that the platform helps advisors reduce market risk while expanding their practices and client base.
Read Complete Post: NewEdge Advisors Partners with $6 Billion Stonegate Investment Group
