Composition Wealth announced it has merged with Edgewater Wealth Management, a Tacoma, Washington-based advisory team overseeing approximately $900 million in client assets, as the national registered investment advisor continues to expand its presence in the Pacific Northwest.
The Edgewater team, consisting of 16 professionals including eight wealth advisors, joins Composition Wealth from Northwestern Mutual Private Client Group. The move brings additional scale and regional strength to Composition Wealth, which manages over $10 billion in assets and employs 125 people nationwide.
Founded in 2019 by C.W. Middleton and Tyler Hjelseth, Edgewater experienced rapid growth, doubling in size within two years. Kevin Johnson joined as a partner in 2022, further strengthening the firm’s leadership. The team built its business by focusing on high-touch client service and comprehensive financial guidance.
Composition Wealth said the merger aligns with its strategy of building a nationwide network of advisory teams supported by integrated capabilities across investments, tax planning, estate strategies, and retirement planning. The addition of Edgewater significantly enhances the firm’s footprint in the Pacific Northwest, complementing its existing offices across major U.S. markets.
The firm, founded in 2007 and headquartered in Los Angeles, positions itself as an advisor-focused platform designed to support customized planning and long-term client success through a partnership-driven model.
KEY QUOTES:
“Edgewater fits perfectly into our culture. We couldn’t be more excited with the professionalism, energy, and focus of this group. The team’s commitment to an incredibly high standard of care for their clients aligns with our mission of delivering frictionless advice to clients. We look forward to amplifying Edgewater’s success through enhanced investment capabilities, marketing solutions and operational efficiencies.”
Nate Angelo, CEO, Composition Wealth
“We had plenty of options when we decided to make a change and determined that Composition Wealth was the best fit for our team and clients. The firm is high-energy and nimble, and focused on providing impactful experiences, advice and technology designed to enhance our clients’ overall financial success. The firm’s integrated approach allows us to leverage experts in investments, tax planning, estate strategies, retirement planning and other critical areas to create comprehensive plans for each client’s needs.”
C.W. Middleton, Co-Founder And Private Wealth Advisor, Edgewater Wealth Management
