Record Growth in Custody, Trading, Administration, Brokerage, Investment Management and Technology Solutions

PITTSBURGH, Penn., DEC. 3, 2024 — EdgeCo Holdings, LP, (“EdgeCo”) is pleased to announce it achieved a new record by surpassing $600 billion in assets serviced across its custody, trading, administration, brokerage, investment management and technology platforms. Its AmericanTCS business unit, which offers retirement plan services to intermediary professionals, now services more than $550 billion in assets. EdgeCo’s wealth management arm, NewEdge Capital Group, represents more than $60 billion in assets serviced.

Supported by over 900 employees, EdgeCo provides custody services and technology solutions for retirement plan providers and sponsors and independent and affiliated financial advisors. EdgeCo supports approximately 60% of U.S. 401(k) plans, working with more than 425,000 retirement plans, 15,000 financial advisors and 500 financial institutions.

“This year, we saw incredible gains through both AmericanTCS and NewEdge Capital Group, driven in part by the successful integration of several acquisitions we’ve made in recent years and the enhanced platform capabilities we’re now able to provide our clients to help them grow their businesses and manage their operations more efficiently,” said EdgeCo Chief Executive Officer Paul Schneider. “The powerful synergies between our retirement solutions at AmericanTCS and the wealth management services provided by NewEdge Capital Group are also beginning to have an impact on our growth.”

EdgeCo Family of Companies

EdgeCo empowers financial institutions and advisors with technology-enabled solutions that streamline operations and enhance client service.

AmericanTCS offers a full range of bundled or individual retirement plan recordkeeping, administration and trust and custody services. American Trust Wealth, American Trust Custody, American Technology Automation, American Trust Retirement and FiduciaryXChange comprise the AmericanTCS division of EdgeCo.

NewEdge Capital Group brings together elite wealth advisors through two distinct RIAs: NewEdge Wealth, which serves ultra high net worth clients under a single brand, and NewEdge Advisors, which offers multiple affiliation models to financial advisors — from independent practice ownership and branding to the recently launched NewEdge Advisors Pillar Channel that operates under a W2 structure. The firm also provides brokerage services through NewEdge Securities.

“Over the past several years, our team built a company that is positioned to thrive in varying market environments, and we will continue to explore strategic acquisitions that are intended to enhance our already successful solutions,” added Schneider. “Our growth, supported by a defined strategy to broaden organically, is a testament to the team’s dedication to delivering best-in-class retirement and wealth management services.”

About EdgeCo Holdings

Through its AmericanTCS and NewEdge Capital Group divisions, EdgeCo Holdings is a premier provider of best-in-class, technology-enabled solutions for financial intermediaries and their clients. For over four decades, EdgeCo companies have provided a suite of technology and support services, including full-service retirement plan administration, brokerage, advisory, and trust and custody services to a diverse national client base of financial intermediaries. This client base includes registered representatives, investment advisors and other financial intermediaries, including retirement plan recordkeepers, TPAs, bank trust departments, broker dealers and insurance companies. EdgeCo Holdings currently services approximately $600 billion in client assets serviced and supports more than 15,000 financial advisors and 500 financial institutions.

Assets “serviced by” NewEdge Capital Group includes (i) client assets for which we provide investment advisory services, (ii) client assets for which we provide brokerage services through our affiliate, NewEdge Securities, LLC and (iii) client assets held at affiliated and unaffiliated broker dealers for which we provide supervisory oversight, support services and/or wealth strategy services.

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