NewEdge Capital Group, has announced that Stonegate Investment Group of Birmingham, Ala. has affiliated with its NewEdge Advisors RIA. The transaction has enabled NewEdge Advisors’ Pillar Channel program to surpass $14 billion in client assets.
Stonegate’s 13-person advisory team oversees approximately $6 billion in client assets and is the largest team to affiliate through the NewEdge Advisor Pillar Channel. NewEdge Advisors is a growth-oriented RIA supporting entrepreneurial financial advisers nationwide.
In early 2023, NewEdge Advisors introduced its Pillar Channel affiliation model to transact and partner with successful, rapidly growing advisor practices and wirehouse breakaways. The evolution in the industry, which has driven valuation to new heights, created demand for alternative capital structures that enable elite advisors to focus on growth and client service. The Pillar Channel program establishes branches under the NewEdge Advisors brand and helps mid-
