NewEdge Wealth, the ultra-high-net-worth division of NewEdge Capital Group, has opened its twentieth workplace in Houston, with a staff of advisors previously with AllianceBernstein’s Bernstein Personal Wealth Administration that had been overseeing $2.2 billion in shopper belongings.
Jeffrey Thompson and Shannon Willems joined NewEdge Wealth as managing administrators, whereas Sara DeJay Willis was named a vice chairman. The staff additionally contains three shopper service associates.
“Houston is among the fastest-growing economies within the nation and continues to be dwelling to an rising variety of high-net-worth and ultra-high-net-worth people with advanced wealth administration wants,” Rob Sechan, founder and managing accomplice of NewEdge Capital Group, mentioned in an announcement. “This staff understands the nuances of this neighborhood by means of their deep ties to the metro space.”
The staff has over 30 years of mixed expertise working with ultra-high-net-worth purchasers, specializing in enterprise house owners desirous about exit methods, creating multi-generational property and monetary plans, and optimizing 401(okay) and pension plans.
“As Houston grew, so did our staff and its enterprise,” Willems mentioned. “We would have liked a agency that would assist our progress and supply the options our purchasers wished to protect and develop their wealth.”
NewEdge Wealth has greater than 65 ultra-high-net-worth advisors throughout 20 places, together with New York, Chicago, Miami and San Francisco.
Stevens Capital Companions Reaches $800M AUM, Acquires Tax Agency
Stevens Capital Companions, an Omaha, Neb.-based registered funding advisor with $800 million in belongings underneath administration, has acquired a Dallas-based CPA tax apply to increase its shopper providers.
The acquisition of J.F. DePetris Jr., CPA, PLLC, provides greater than 300 tax purchasers, together with greater than 100 companies throughout 15 states. The agency now serves purchasers in additional than 40 states, with main concentrations in Nebraska and New York, the corporate mentioned.
“It’s a long-term technique of ours to proceed to go on the market and discover getting old CPA companies, solo practitioners who need to shift their apply,” mentioned David Stevens, founder and chief govt officer of Stevens Capital Companions. “We’ve discovered that our purchasers have requested for it, and [prospective clients] have mentioned that if we had been capable of do their tax preparation, they’d shift over and work with us.”
Since its founding in November 2020, Stevens Capital Companions has grown from a startup to surpassing $800 million in belongings underneath administration by means of natural progress, together with 65% progress from 2025 to 2026, the agency mentioned.
Stevens, a veteran of TD Ameritrade for over 20 years, based the agency with an emphasis on serving to purchasers “pursue which means” slightly than cash. He mentioned 10 years in the past, simply doing folks’s investments labored, however that as we speak purchasers desire a “one cease store” for tax planning, preparation, property planning, and philanthropic work.
“Purchasers are voting with their ft,” he mentioned. “That inspired me to construct a agency that may present all of those holistic providers.”
Stevens Capital works with entrepreneurs, executives, enterprise house owners and multi-generational households.
Stevens additionally instituted on the agency what he calls a “10% mission,” pledging to contribute 10% of income to the neighborhood, together with assist for the Pediatric Retinal Analysis Basis and Ronald McDonald Home Charities.
“Lots of people don’t have cash to get the perfect care,” Stevens mentioned. “I run this enterprise for the purchasers, however giving to those [charities] can also be the why behind the why of what motivates me.”
Wealth Enhancement Acquires Two Corporations With Mixed $854M
Wealth Enhancement, an acquisitive Minneapolis-based RIA with $161 billion in shopper belongings, this week introduced separate acquisitions of two RIAs with a mixed $854 million in shopper belongings.
The agency added the funding advisory enterprise of Weinand Monetary, an RIA in Olympia, Wash., with greater than $644 million in shopper belongings. The staff of 1 advisor and 4 assist professionals is led by Mike Weinand.
Based in 1991, Weinand Monetary provides monetary planning providers together with retirement and funding planning, non-public and public pension assessment, retirement plan providers and insurance coverage steering, with specific expertise serving to Washington State staff navigate pension and retirement advantages.
Wealth Enhancement additionally acquired the funding advisory enterprise of Servo Wealth Administration, an RIA in Oklahoma Metropolis, Okla., with greater than $210 million in shopper belongings. The staff is led by proprietor and founder Eric Nelson.
Based in 2012, Servo Wealth provides funding administration, monetary planning and wealth counseling to people and households. Nelson beforehand labored at Equius Companions in Northern California, and his transfer to Wealth Enhancement reunites him with the Equius Staff, which joined the RIA in 2023.
Maridea Wealth Expands in Chicago With $187M Park Ridge
Maridea Wealth Administration, a Brooklyn-based RIA with $1.8 billion in shopper belongings and 50 advisors, has acquired Park Ridge Monetary to increase additional in Chicago.
Park Ridge has $187 million in AUM, in keeping with its most up-to-date Type ADV. Founder Rick Pucci will be a part of Maridea as a senior funding advisor.
“This partnership helps our long-term aim of constant to deepen our presence in Chicago,” Maridea CEO and founder Mier Wang mentioned in an announcement.
Pucci has led Park Ridge Monetary for greater than 17 years, specializing in customized monetary planning and serving to people, households and enterprise house owners align their funding, retirement and property methods with their long-term objectives.
The Park Ridge staff will be a part of Maridea’s current Chicago workplace, which the agency established in September 2025. The agency’s purchasers will proceed to work with the identical Chicago-based staff and can achieve entry to Maridea’s tax providers, funding analysis capabilities and planning infrastructure.
“Maridea’s high-growth trajectory, entrepreneurial tradition, and long-term imaginative and prescient had been key components that attracted my staff and me to this partnership,” Pucci mentioned in an announcement.
Janney Lands Wells Fargo Staff in Chicago Space
Janney Montgomery Scott has introduced over a staff from Wells Fargo to increase its Chicago-area presence with an workplace in Lake Forest, Sick.
Madura Personal Wealth Group joins Janney after managing about $420 million in shopper belongings for Wells Fargo, which it joined in 2016 following its departure from Credit score Suisse. The staff is led by Daniel Madura, monetary advisor and managing director, and his son Ethan Madura, monetary advisor and vice chairman of wealth administration.
Janney, based mostly in Philadelphia, has been increasing within the Chicago space lately by means of advisor recruiting.