NewEdge Advisors welcomes $262M team from Carson

The wave of moves across the RIA space continued as NewEdge Advisors unveiled the latest addition to its growing network. Milldale, Connecticut-based Nesso Wealth joins NewEdge from Carson Wealth, where the team oversaw $262 million in assets for its clients.

Nesso Wealth includes CEO Matt Glatt; senior vice president and managing partner Ty Bongiovanni; and partner and wealth advisor Kevin Christopher. Between them, they boast a collective 54 years of industry experience – Christopher has spent more than 20 years in the business – according to their BrokerCheck profiles.

The trio are joined in the move to NewEdge by six other wealth advisors, along with support staffers.

“[W]e knew we needed a partner who could provide us with the flexibility, freedom, and support to build Nesso Wealth in the way we feel is best,” Bongiovanni said. “NewEdge Advisors’ culture and service offerings made this team our clear choice.”

Based in New Orleans, NewEdge Advisors was originally founded by Alex Goss and Neil Turner as Goss Advisors before becoming part of EdgeCo Holdings in 2020. The following year, the unit was rechristened NewEdge Advisors as part of the launch of the NewEdge Capital Group.

2023 was a landmark year for NewEdge Capital Group, as it added nearly $10 billion in advisor AUM. In October alone, NewEdge Advisors' recruiting effort brought $2.4 billion through the door, exceeding its whole-year total for 2021.

Last February, NewEdge Advisors rolled out an employee affiliation model that gives breakaway advisors an additional way to come into the fold.

“We’re excited to welcome Matt, Ty, Kevin, and all of Nesso Wealth to the NewEdge team,” Goss, who’s also co-CEO of the firm, said in a statement.

“Our firm seeks to work with financial advisors who have already built a successful business. They know how to find clients and already provide fiduciary advice and service,” he said. “We look forward to supporting Nesso as they achieve their ambitious goals.”