NewEdge Advisors Recruits Teams Managing $1.9B
NewEdge Advisors, part of NewEdge Capital Group, has recruited teams from Ameriprise Financial and Raymond James to its 1099 advisor platform. The firms are both based in Tennessee and formerly oversaw a combined $1.94 billion in client assets.
NewEdge Advisors, one of two registered investment advisor practices in the NewEdge Capital Group, announced Thursday it had brought on a 24-person team from Ameriprise, ClearTrust Wealth Advisors, based in the Nashville area.
The team managed $1.4 billion in client assets and is led by advisors and managing partners Matt Robins, Nick Stamatis and Joe Creecy, each of whom has been with Ameriprise for over 20 years, according to BrokerCheck.
“We chose to affiliate with NewEdge Advisors to gain the flexibility and strategic support needed to advance our long-term vision,” Creecy said in a statement. “The partnership allows us to enhance the client experience without compromising the values and relationships at the core of our practice, while positioning the firm for continued growth.”
Separately, NewEdge Advisors announced via LinkedIn that it had recruited Wealth Strategies Partners, a former Raymond James practice with offices in Nashville, Pittsburgh and Sarasota, Fla. The team had been overseeing $519 million in client assets, according to a spokesperson.
That firm is led by President and CEO Paul Allen, who had been with Raymond James for over a decade and has been practicing since 1996, according to BrokerCheck. He moves his team of seven to the NewEdge Advisors platform.
“This move allows Wealth Strategies Partners to further enhance the service and solutions we provide to our clients while positioning us for sustainable growth in an increasingly complex environment,” Allen said via email. “The flexible, advisor-centric platform, institutional-quality resources and commitment to long-term growth align closely with our vision for the future.”
NewEdge Advisors is a sister firm of NewEdge Wealth, which focuses on upper-high-net-worth, family office and institutional clients. Combined, the firms had overseen more than $88 billion in client assets as of Dec. 31, 2025.
Alex Goss, the founder and co-CEO of NewEdge Advisors, recently told Wealth Management that in 2026, the RIA would not only be looking to grow through its platform model but also through recruiting advisors to its W-2 employee channel. That channel, he said, already has about 14 firms and roughly $14 billion in client assets.