EdgeCo Holdings Surpasses $600 Billion With Key Divisions Growth

EdgeCo Holdings Reaches New Heights in Asset Service

EdgeCo Holdings, LP, has marked a significant milestone by surpassing $600 billion in assets serviced across various platforms, which include custody, trading, administration, brokerage, and investment management services. This achievement highlights the robust growth and expansion of its business units, particularly AmericanTCS and NewEdge Capital Group.

Growth of AmericanTCS

The AmericanTCS division has emerged as a powerhouse, now managing over $550 billion in assets. It specializes in providing retirement plan services to intermediary professionals, thereby enhancing the financial ecosystem for numerous clients. This growth underscores its effectiveness in offering comprehensive solutions designed to meet the needs of retirement plan providers and sponsors.

Integration Drives Success

A company’s advancements are often driven by successful integrations and strategic planning. EdgeCo’s growth trajectory has been greatly supported by the seamless integration of several acquisitions made in recent years. The enhanced capabilities being offered through these integrations enable clients to better manage their operations and foster business growth. Paul Schneider, the Chief Executive Officer of EdgeCo, emphasized the importance of these synergies, stating that they significantly contribute to the collective success of AmericanTCS and NewEdge Capital Group.

NewEdge Capital Group’s Impact

NewEdge Capital Group has also played a pivotal role, representing over $60 billion in assets serviced. By bringing together elite wealth advisors under its umbrella, NewEdge offers tailored services through varied affiliation models. Clients can engage with NewEdge Wealth for ultra high net worth needs or choose from NewEdge Advisors, designed for financial advisors seeking independent practice branding. This diversified service offering caters to a broad range of clients, enhancing the overall wealth management experience.

Support and Innovation

With a dedicated workforce of over 900 employees, EdgeCo is committed to providing custody services and technological solutions. The company’s reach extends across approximately 60% of U.S. 401(k) plans, supporting about 425,000 retirement plans and partnering with 15,000 financial advisors, alongside 500 financial institutions. This vast network amplifies its role in the financial services industry, ensuring a comprehensive experience for its clients.

Looking Ahead: Strategic Acquisitions

As EdgeCo builds on its past successes, the leadership team is focused on exploring further strategic acquisitions that will bolster its already formidable service capabilities. Schneider commented on the company’s adaptability in various market environments, which is crucial for ongoing growth and success in the competitive financial landscape. The company’s strategy emphasizes both organic growth and the enhancement of its service offerings.

A Commitment to Excellence

The growth trajectory of EdgeCo reflects a committed approach to delivering best-in-class retirement and wealth management services. The company’s investment in technology-enabled solutions ensures that financial institutions and advisors can streamline operations while enhancing client services. This commitment positions EdgeCo as a leading player in the financial services sector.

About EdgeCo Holdings

EdgeCo Holdings, through its divisions, AmericanTCS and NewEdge Capital Group, is recognized as a top provider of technology-enabled solutions for financial intermediaries. With over four decades of experience, EdgeCo delivers a comprehensive suite of services, including retirement plan administration, brokerage, and trust services. Currently, it manages approximately $600 billion in client assets, supporting a diverse national client base that includes registered representatives, investment advisors, and various financial intermediaries.

Frequently Asked Questions

What is EdgeCo Holdings known for?

EdgeCo Holdings is renowned for its technology-enabled solutions for financial intermediaries, specifically in retirement plan services and wealth management.

What are the two main divisions of EdgeCo Holdings?

The two main divisions are AmericanTCS, focused on retirement plan services, and NewEdge Capital Group, which emphasizes wealth management.

How much in assets did EdgeCo Holdings surpass recently?

EdgeCo Holdings recently surpassed $600 billion in assets serviced, marking a significant achievement for the company.

Who can benefit from EdgeCo's services?

Financial institutions, advisors, and retirement plan providers can all benefit from EdgeCo's comprehensive suite of services designed to enhance their operational efficiency.

What is the future growth strategy for EdgeCo Holdings?

EdgeCo plans to continue its growth by exploring strategic acquisitions and enhancing its service offerings to meet the evolving needs of its clients.

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