NewEdge Wealth, the ultra-high-net-worth division of NewEdge Capital Group, has opened its 20th office in Houston, with a team of advisors formerly with AllianceBernstein’s Bernstein Private Wealth Management that had been overseeing $2.2 billion in client assets.
Jeffrey Thompson and Shannon Willems joined NewEdge Wealth as managing directors, while Sara DeJay Willis was named a vice president
The team also includes three client service associates. “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,” Rob Sechan, founder and managing partner of NewEdge Capital Group, said in a statement. “This team understands the nuances of this community through their deep ties to the metro area.” The team has over 30 years of combined experience working with ultra-high-net-worth clients, focusing on business owners interested in exit strategies, developing multi-generational estate and financial plans, and optimizing 401(k) and pension plans. “As Houston grew, so did our team and its business,” Willems said. “We needed a firm that could support our growth and provide the solutions our clients wanted to preserve and grow their wealth.” NewEdge Wealth has more than 65 ultra-high-net-worth advisors across 20 locations, including New York, Chicago, Miami and San Francisco. Stevens Capital Partners Reaches $800M AUM, Acquires Tax Firm Stevens Capital Partners, an Omaha, Neb.-based registered investment advisor with $800 million in assets under management, has acquired a Dallas-based CPA tax practice to expand its client services. The acquisition of J.F.
DePetris Jr., CPA, PLLC, adds more than 300 tax clients, including more than 100 businesses across 15 states. The firm now serves clients in more than 40 states, with major concentrations in Nebraska and New York, the company said. “It’s a long-term strategy of ours to continue to…