NewEdge Wealth has opened a new office in Houston, Texas, marking the 20th location nationwide for NewEdge Capital Group’s ultra-high-net-worth wealth management division. Jeffrey Thompson, Shannon Willems, and Sara DeJay Willis will anchor the Houston office.
Thompson and Willems have joined NewEdge Wealth as Managing Directors, while Willis has been named Vice President.
The team also includes three Client Service Associates.
Collectively, the group brings more than 30 years of experience serving ultra-high-net-worth clients and other sophisticated wealth management relationships.
The team has particular expertise working with business owners on exit strategies, developing multigenerational estate and financial plans, and optimizing 401(k) and pension plans.
NewEdge Wealth is a registered investment adviser serving ultra-high-net-worth and high-net-worth families, family offices, and institutional clients.
The Houston expansion gives the firm a presence in a market where economic growth has been supported by industries including energy, manufacturing, and professional services.
NewEdge believes growth is contributing to an expanding population of high-net-worth and ultra-high-net-worth individuals with increasingly complex financial planning and investment requirements.
The Houston team has deep ties to the metropolitan area and has expanded its own business alongside the region’s growth.
Willems said the team was looking for a platform that could support continued expansion while providing a broader range of wealth management solutions for clients.
Thompson also highlighted growing demand from owners of closely held businesses and their families.
NewEdge’s experience working with entrepreneurs and multigenerational family businesses was an important factor in the team’s decision to join the firm.
The Houston location extends a period of geographic expansion for NewEdge Wealth.
The firm now has more than 65 ultra-high-net-worth advisors across 20 locations, including offices in New York, Chicago, Miami and San Francisco.
NewEdge Wealth has also recently expanded its presence in Nashville and Atlanta and opened an office in New Albany, Ohio, near Columbus.
The continued expansion is part of NewEdge Capital Group’s strategy to build an advisor-focused platform offering institutional-grade investment resources, technology, and specialized support.
The firm positions itself as an invitation-only platform for established financial advisors seeking additional capabilities to serve sophisticated clients.
For the Houston team, joining NewEdge provides access to those resources while allowing the advisors to continue serving the business owners, families and other clients they have developed relationships with in the region.
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“Houston is one of the fastest-growing economies in the country and continues to be home to an increasing number of high net worth and ultra high net worth individuals with complex wealth management needs.”
“This team understands the nuances of this community through their deep ties to the metro area. We are excited to have Jeff, Shannon and Sara as part of NewEdge Wealth.”
Rob Sechan, Founder and Managing Partner of NewEdge Capital Group
“As Houston grew, so did our team and its business. We needed a firm that could support our growth and provide the solutions our clients wanted to preserve and grow their wealth.”
“We look forward to working with the entire NewEdge team, helping to expand their footprint in Texas.”
Shannon Willems, Managing Director at NewEdge Wealth
“Demand for services from owners of closely held businesses and their families has grown steadily in the past five years.”
“As we got to know NewEdge, it became clear that their long history supporting successful entrepreneurs and multi-generational family businesses would enhance our ability to meet this need.”
Jeffrey Thompson, Managing Director at NewEdge Wealth
