NewEdge Advisors swipes $540M team from Carson

The New Orleans-based RIA has welcomed a 20-year-old independent wealth planning practice in Michigan.

NewEdge Advisors has extended its reach in the Northeast US as it welcomes a team of advisors formerly with Carson.

The New Orleans-based firm has announced the addition of Stonebridge Financial Partners, a Michigan-based team, to its network. The team previously operated under Carson Wealth, where they reportedly managed approximately $540 million in client assets.

The Stonebridge team includes founder and wealth advisor Tim Bearden, partners and wealth advisors Tyler Silverthorn, Evan Topor, and Taylor Maks, along with three additional wealth advisors and 11 support staff.

“Our company is built to support advisors who prioritize the client experience, and Tim and the Stonebridge team are a prime example,” Neil Turner, co-CEO and co-founder of NewEdge Advisors, said in a statement.

Expressing his hopes for the partnership, Turner said his firm is “[looking] forward to providing the culture, tools, and support needed for Stonebridge to thrive and continue to deliver unparalleled service to their clients.”

Since launching in 2004, Stonebridge Financial Partners has been delivering comprehensive wealth planning services to a varied clientele that includes individuals, families, and business owners. The firm operates offices in Troy and Grand Rapids, Michigan.

Highlighting his team’s shared passion for helping others, Bearden said his firm is focused on providing the high level of client service it’s always delivered even as it continues its growth journey.

“NewEdge Advisors provides us the flexibility to curate the best experience for our clients,” said Bearden, whose 34 years in the industry also includes affiliations with Cetera and LPL.

“This flexibility, coupled with NewEdge’s culture, made joining this team the right choice for our firm,” he said.

Earlier this year in February, NewEdge scored another recruitment win at Carson Wealth’s expense when it welcomed a Connecticut-based advisory practice managing $262 million.