A team of advisors formerly with Morgan Stanley has joined NewEdge Wealth, an investment advisor firm based in Stamford, Conn., that specializes in serving ultra-high-net-worth clients, NewEdge announced.
Paul Emrick, who was with Morgan Stanley as an advisor for more than a decade, leads the team that joined NewEdge, and will be a principal. Matt Mongon, who once managed Lehigh University's $1.6 billion endowment fund and was an advisor with Morgan Stanley, is joining NewEdge as vice president and portfolio strategist, a press release said.
They join NewEdge along with Monica Dougherty and Nathan Emrick.
NewEdge specializes in serving ultra-high-net-worth families, family offices and institutional clients. The new team is based in Allentown, Pa.., and will expand NewEdge’s footprint in Pennsylvania, NewEdge said..
“Paul, Matt and the team have the expertise and experience to provide comprehensive wealth planning and advice to entrepreneurs and their families, as well as corporate retirement plans, endowments and foundations. They will serve as an invaluable resource as an anchor of our expansion into Pennsylvania,” Rob Sechan, CEO of NewEdge Wealth, said in a statement.
Emrick formerly led a private wealth management team at Morgan Stanley and was responsible for providing wealth management for business owners and their families. He has also held senior roles at JP Morgan Private Bank and MFP Strategies.
Mongon joined Morgan Stanley in 2018 after a senior role in managing Lehigh University’s $1.6 billion endowment fund, the press release said. He was also a senior consultant and director of investment research for MFP Strategies.
“We are excited to join the NewEdge Wealth team as we seek to level up and return to our independent roots,” Emrick said in a statement. “We can now deliver the combined breadth and depth of insights and digital-forward solutions from NewEdge.”
NewEdge Wealth launched in December 2020 and has grown to 13 offices, including locations in Atlanta, Miami, Nashville and San Francisco. The team selected Goldman Sachs Custody Solutions as their primary custodian.