NewEdge Wealth has made available its Structured Note Strategies for financial advisers through the Envestnet and SMArtX platforms.
This expansion is facilitated by NewEdge’s investment platform, NewEdge Investment Solutions (NEIS).
It builds upon NewEdge Wealth’s existing partnership with Halo Investing, a protective-investment platform that will serve as its distribution partner.
The move extends access to sophisticated investment strategies for more than 100,000 financial advisers across the US.
The new offering enables third-party financial professionals and institutions to utilise the same investment strategies employed by NewEdge Wealth to support ultra-high-net-worth clients in achieving their financial goals.
NewEdge Investment Solutions focuses on wealth management strategies that are typically difficult to access but offer structural advantages to clients.
NEIS’s Structured Note Strategies aim to simplify the use of structured notes for clients, advisers, and institutions while addressing key risks and adding value through active management, trade auction technology, and economies of scale.
The platform provides two key solutions, namely the Structured Note Income Portfolio (SNIP) and the Structured Note Advisory Portfolio (SNAP).
These are among the first structured note separately managed accounts (SMAs) available on Envestnet and SMArtX.
NewEdge Investment Solutions, a division of NewEdge Wealth, has grown to oversee $4.1 billion in assets under management since its launch in late 2023. The division currently manages 11 investment strategies.
NewEdge Wealth CEO and co-founder and NewEdge Capital Group managing partner Rob Sechan said: “The expanded access to our Structured Note Strategies platform allows advisors and institutions outside of our own to leverage the expertise and data-informed approach NewEdge Wealth uses to deliver best-in-class wealth management services to our ultra high net worth clients.
“By partnering with Envestnet, SMArtX and Halo, hundreds of thousands of advisors around the country will now be able to consider utilising Structured Notes in a differentiated way to help clients reach their goals.”
