NewEdge Wealth Accelerates Southeast Growth With Two Ultra High Net Worth Managing Directors

January 29, 2025

William deButts and Jimmy Patrick join as Managing Directors in Atlanta and North Carolina

STAMFORD, Conn., JAN. 29, 2025 — NewEdge Wealth, LLC, a registered investment advisor specializing in servicing the needs of ultra high net worth families, family offices and institutional clients, announced today that experienced wealth managers William deButts and Jimmy Patrick have joined as Managing Directors.

DeButts joins NewEdge’s Atlanta location while Patrick is the first advisor to join in North Carolina. Both served as Partners and Senior Wealth Advisors with Edge Capital Partners.

“We are thrilled to have William and Jimmy as part of our growing team as NewEdge continues to attract elite wealth managers seeking a firm that understands their needs to support a discerning client base while providing clear growth opportunities,” said Rob Sechan, Co-Founder and CEO of NewEdge Wealth. “William’s experience working with family offices and foundations and Jimmy’s experience working with private and institutional clients will enhance the services that NewEdge provides.”

DeButts began his wealth management career at Morgan Stanley, where he helped establish the firm’s regional office in Atlanta, before becoming a Managing Director at Convergent Wealth Advisors. In 2010, he founded and led Glenmore Advisors, which merged with Atlanta-based Edge Capital Partners in 2014. DeButts has extensive experience in structuring comprehensive investment and wealth management strategies for ultra high net worth families, private clients and foundations.

Patrick has more than 20 years of wealth management experience including senior roles at Lehman Brothers, Credit Suisse and Morgan Creek Capital Management. He joined Edge Capital Partners in 2014 where he had a key role in the firm’s strategic initiatives.

NewEdge Wealth now has over 50 ultra high net worth advisors in 14 locations including Atlanta, Miami, Nashville and San Francisco.

About NewEdge Wealth

NewEdge Wealth is a division of NewEdge Capital Group, LLC. NewEdge Capital Group services multiple business lines and supports over 400 financial advisors servicing several thousand households, family offices and institutions. NewEdge Capital Group, LLC, a Barron’s Top 100 RIA Firm and Forbes’ America’s Top RIA Firm*, is the wealth management business unit of EdgeCo Holdings LP, which has over 900 employees.

NewEdge Wealth is designed to meet the needs of ultra high net worth, family office and institutional clients. The division seeks to provide a select group of clients with a personalized level of service and attention designed to help organize and simplify their lives, while also providing access to an expansive menu of institutional caliber products and services — all wrapped in technology that serves as the connective tissue between the client and their advisor to create a stronger, more personal relationship. Investment advisory services are offered through NewEdge Wealth, LLC, a registered investment adviser. Securities are offered through NewEdge Securities, LLC, Member FINRA/SIPC. NewEdge and its affiliates do not render advice on legal, tax and/or tax accounting matters to clients. Each client should consult his/her personal tax and/or legal advisor to learn about any potential tax or other implications that may result from acting on a particular recommendation.

*Barron’s rankings awarded in September 2024 based on prior 12 month data. Forbes/Shook rankings awarded in October 2024 based on data from 3/31/23-3/31/24. Neither NewEdge Wealth nor its employees pay a fee in exchange for these rankings.

Media Inquiries
Donald Cutler or Lorene Yue
Haven Tower Group
424.317.4864 or 424.317.4854
[email protected] or [email protected]

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