EdgeCo Holdings announced it achieved a new record by surpassing $600 billion in assets serviced across its custody, trading, administration, brokerage, investment management, and technology platforms. And its AmericanTCS business unit, which offers retirement plan services to intermediary professionals, now services more than $550 billion in assets. EdgeCo’s wealth management arm NewEdge Capital Group represents over $60 billion in assets serviced.
Supported by 900+ employees, EdgeCo provides custody services and technology solutions for retirement plan providers and sponsors and independent and affiliated financial advisors. And EdgeCo supports approximately 60% of U.S. 401(k) plans, working with more than 425,000 retirement plans, 15,000 financial advisors and 500 financial institutions.
EdgeCo enables financial institutions and advisors with technology-enabled solutions that streamline operations and enhance client service.
— AmericanTCS – Offers a full range of bundled or individual retirement plan recordkeeping, administration and trust and custody services. American Trust Wealth, American Trust Custody, American Technology Automation, American Trust Retirement and FiduciaryXChange comprise the AmericanTCS division of EdgeCo.
— NewEdge Capital Group – Brings together elite wealth advisors through two distinct RIAs: NewEdge Wealth, which serves ultra high net worth clients under a single brand, and NewEdge Advisors, which offers multiple affiliation models to financial advisors — from independent practice ownership and branding to the recently launched NewEdge Advisors Pillar Channel that operates under a W2 structure. The firm also provides brokerage services through NewEdge Securities.
KEY QUOTES:
“This year, we saw incredible gains through both AmericanTCS and NewEdge Capital Group, driven in part by the successful integration of several acquisitions we’ve made in recent years and the enhanced platform capabilities we’re now able to provide our clients to help them grow their businesses and manage their operations more efficiently. The powerful synergies between our retirement solutions at AmericanTCS and the wealth management services provided by NewEdge Capital Group are also beginning to have an impact on our growth.”
“Over the past several years, our team built a company that is positioned to thrive in varying market environments, and we will continue to explore strategic acquisitions that are intended to enhance our already successful solutions. Our growth, supported by a defined strategy to broaden organically, is a testament to the team’s dedication to delivering best-in-class retirement and wealth management services.”
- EdgeCo Chief Executive Officer Paul Schneider
