NewEdge Advisors Welcomes $580 Million Dallas Team
27 Junio 2024 - 5:00AM
Business Wire
Industry Veterans Erik Linstrom, Ben Roth,
Shawn Stanley and Kris Cawthon Launch Fortis Wealth Advisors and
Choose Goldman Sachs Custody Solutions as Custodian
NewEdge Advisors, LLC, a leading New Orleans-based RIA
supporting successful independent financial advisors nationwide,
announced today that Fortis Wealth Advisors, a Dallas-based team,
has joined the firm from J.P. Morgan Securities where they were
overseeing approximately $580 million in client assets.
"We are proud to welcome Fortis Wealth Advisors to the NewEdge
Advisors family," said Neil Turner, Co-CEO and Co-Founder of
NewEdge Advisors. “This team is passionate about their work and
greatly values the advisor-client relationship. Erik, Ben, Shawn
and Kris have positively impacted many people and families across
their esteemed careers, and we are thrilled to have them on board.
We give our advisors more time, resources and solutions to help
achieve their clients' goals. We look forward to supporting Fortis
Wealth Advisors' continued growth and success."
Founders and long-time colleagues Erik Linstrom, Ben Roth, Shawn
Stanley and Kris Cawthon, each boasting more than 20 years of
industry experience, teamed up to launch Fortis Wealth Advisors
based in Dallas. The team chose Goldman Sachs Custody Solutions as
their primary custodian.
Jeremy Eisenstein, Managing Director, at Goldman Sachs, said,
"With a deep history of serving multi-generational clients, coupled
with Goldman Sachs Custody Solutions' ability to provide access to
institutional-grade solutions, we believe Fortis Wealth Advisors,
in collaboration with NewEdge Advisors, is well positioned to
succeed in the independent space. We are excited that Goldman Sachs
Custody Solutions can help the team continue delivering
excellence.”
Kris Cawthon, Fortis Founder and Director of Operations, added,
"We were looking for an RIA to provide the infrastructure to
support our continued growth in an environment that allows us the
flexibility to enhance our client service. We were drawn to NewEdge
Advisors' robust portfolio management solutions, which drive
significant time and cost efficiencies. Choosing Goldman Sachs
Custody Solutions to safeguard our clients' assets was not a choice
we made lightly, and we are excited to offer their solutions and
insights to our clients. Going independent will allow us to focus
even more on what matters most to us, the client relationships
we've built over the years."
About NewEdge Advisors
New Orleans-based NewEdge Advisors is a growth-oriented RIA
built by New Orleans residents Alex Goss and Neil Turner. The firm
embraces a transparent approach to educating advisors on the
independent opportunities that currently exist in the industry
landscape. This approach, combined with best-in-class advisor
services, continues to attract top-performing advisors from across
the country.
Previously known as Goss Advisors, the firm became a part of
EdgeCo Holdings in 2020 to lead the 1099 wealth division. In 2021,
NewEdge Advisors was created as a part of the launch of NewEdge
Capital Group.
Goldman Sachs Custody Solutions Disclosure
Custody, clearing and certain brokerage services are provided by
Folio Investments, Inc. d/b/a Goldman Sachs Custody Solutions
(GSCS), an SEC-registered broker-dealer and member FINRA/MSRB/SIPC.
Additional brokerage services are provided by Goldman Sachs &
Co. LLC (GS&Co.), an SEC registered broker-dealer and
investment adviser, and member FINRA/MSRB/SIPC. GSCS and GS&Co.
are not your investment advisors and do not provide investment
advice to you or your investment advisor. The information provided
here shall not constitute an offer, solicitation, or advice by GSCS
or GS&Co. to buy or sell securities.
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