NewEdge Advisors Welcomes $580 Million Dallas Team
NewEdge Advisors Welcomes $580 Million Dallas Team
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.
Media Inquiries
Donald Cutler or Lorene Yue
Haven Tower Group
424.317.4864 or 424.317.4854
dcutler@haventower.com or lyue@haventower.com
View source version on businesswire.com: https://www.businesswire.com/news/home/20240627551410/en/
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