Press release

NewEdge Wealth Adds Managing Director, Head of Advisory Solutions

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NewEdge Wealth, LLC, a registered investment adviser specializing in ultra-high-net-worth, family office and institutional clients, has appointed Rick Hollmann as Managing Director and Head of Advisory Solutions. In his new role, Hollmann will be responsible for delivering research-based investment solutions to NewEdge Wealth’s elite client base. He will also design, direct and implement end-to-end advisory processes and standards that enhance the overall effectiveness of NewEdge Wealth’s investment advisors.

Hollmann has nearly 25 years of experience in the financial services industry and specializes in advisory solutions and family office support. Prior to joining NewEdge Wealth, he served in various financial services leadership roles at UBS Financial Services, Inc., Lehman Brothers and Morgan Stanley.

“NewEdge Wealth has a clear vision for our growth and Rick will play a key role in continuing the momentum,” said John Straus, President of NewEdge Wealth. “His expertise in advisory solutions and family offices is unmatched and we are thrilled to welcome him to our team.”

NewEdge Wealth is a division of NewEdge Capital Group, which currently advises $26 billion in client assets. NewEdge, founded at the end of 2020, has experienced significant and strategic expansion within the last year. Hollmann’s addition to the NewEdge team advances ongoing growth goals and reflects the firm’s commitment to superior planning, process and service for its ultra-high-net-worth client base. Most recently, NewEdge Wealth grew its team by appointing Glen Mintz as Managing Director, Frank Ackerman as Senior Vice President, Susan Kim, CFA, as Vice President and Relationship Manager, and Jason Fay as a Financial Advisor. The firm was established in partnership with EdgeCo Holdings to lead the wealth management division.

“We are excited to continue acquiring top talent in our industry,” said Rob Sechan, Managing Partner, Co-Founder of NewEdge Wealth. “Rick has a wealth of knowledge and will make a great impact on both our advisors and current and future clients.”.

Hollmann holds a bachelor’s degree in finance from Hofstra University. He is a CFA® Charterholder and maintains his Series 6, 7, 24, 63 and 66 licenses. He will be based in NewEdge’s Connecticut office.

About NewEdge Wealth

NewEdge Wealth is a registered investment adviser designed to meet the needs of ultra-high-net-worth, family office and institutional clients. The firm was established in 2020 as the result of a partnership between EdgeCo Holdings and a four-person wealth management team comprised of Jeffrey Kobernick, Robert Sechan, Walter Granruth and John Straus, Jr. The firm provides comprehensive wealth and lifestyle management services for ultra-high-net-worth individuals and families. NewEdge Wealth is a division of EdgeCo Holdings. NewEdge Wealth, LLC, is registered as an investment adviser with the SEC. Securities are offered through Mid Atlantic Capital Corporation, LLC. Member FINRA/SIPC. For more information, visit

About EdgeCo Holdings

Through its subsidiaries, EdgeCo Holdings is a leading provider of best-in-class technology-enabled solutions for financial intermediaries and their clients. For over four decades, EdgeCo companies have provided a suite of technology and support services including full-service retirement plan administration, brokerage, advisory, and trust and custody services to a diverse national client base of financial intermediaries. This client base includes registered representatives, investment advisors, and other financial intermediaries including retirement plan recordkeepers, TPAs, bank trust departments, broker dealers, and insurance companies. The firm services approximately $150 billion in client assets under custody or administration and more than 15,000 financial advisors and 500 financial institutions.