NewEdge Expands Florida Presence With Four Wealth Managers

Fort Lauderdale Team Brings Ultra High Net Worth Experience to New Location

NEW YORK--(BUSINESS WIRE)-- NewEdge Capital Group, LLC, announced today that it has welcomed a team of four wealth managers to a new Florida location for its NewEdge Wealth division, a registered investment advisor specializing in servicing the needs of ultra high net worth and high net worth families, family offices and institutional clients.

Paul Yates; Alexandra Escobedo, CFA®, CFP®; Trace Shapiro and Michael Wohlgemuth, CFP®; establish a Fort Lauderdale presence for NewEdge Wealth, the fourth location in the state. The team has experience working with ultra high net worth individuals, families, business owners and professional athletes.

“This team understands the complex wealth management needs of innovators, athletes and families, and we’re excited to leverage their experience in the local market as we enhance our presence in the state,” said Rob Sechan, Founder & Managing Partner of NewEdge Capital Group. “I’ve lived in Fort Lauderdale full time since 2023, and I’ve witnessed firsthand how Florida continues to experience strong economic growth. It’s driven by entrepreneurs and individuals who live or have moved to the area like me, and I am excited how this new office will strengthen our presence on the coast between Miami, Coral Gables and Boca Raton.”

Wealth of experience

The team, comprised of wealth, investment and real estate management and bank experts, has more than half a century of combined experience in serving ultra high net worth individuals and families.

Yates has more than a decade of experience helping clients with investment management, estate and trust planning, philanthropy and lending strategies. He previously worked at Bank of America in its Private Bank division.

Escobedo has more than 15 years of experience creating and managing customized investment portfolios and comprehensive wealth management strategies. Prior to joining NewEdge, she held roles at Bank of America Private Bank, Trade Station and Franklin Templeton Investments.

Shapiro has more than a decade of experience working with affluent families and entrepreneurs. He has prior experience at Bank of America Private Bank and Merrill Lynch.

Wohlgemuth has more than 20 years of experience serving ultra high net worth individuals, business owners, real estate developers, entrepreneurs and professional athletes. He previously worked at Bank of America Private Bank, Barry Financial Group and Thomson Financial Research.

“Our clients have complex needs and evolving expectations, and we found a partner in NewEdge that values elite client service as much as we do, and the scale to invest in the right solutions that allow us to continue to deliver on ever-changing demands,” said Yates. “We look forward to building upon our success and leveraging the resources of the NewEdge team for our clients.”

NewEdge Wealth has more than 70 ultra high net worth advisors across 20 locations, including New York, Chicago and San Francisco. The firm also recently added a location in Houston, expanded its Nashville footprint, added to its Atlanta location and opened an office in New Albany, Ohio.

About NewEdge Capital Group

NewEdge Wealth is a division of NewEdge Capital Group, LLC. NewEdge Capital Group represents a fundamental reimagining of what a financial services firm can be when it's designed by Advisors for Advisors. As an invitation-only firm for already successful advisors, resources are focused on helping top-performing advisors reach the next level in their careers. NewEdge provides exceptional talent, cutting-edge technology and institutional-grade resources that create a structural advantage for elite advisors and their clients.

NewEdge Capital Group services multiple business lines and supports over 550 financial advisors servicing several thousand households, family offices and institutions. NewEdge Capital Group, LLC, is a Barron’s Top 100 RIA Firm, Forbes’ America’s Top RIA Firm and CNBC Elite Advisor.*

Advisory services provided by NewEdge Advisors, LLC and NewEdge Wealth, LLC, our registered investment advisers. Securities offered through NewEdge Securities, LLC, Member FINRA/SIPC. NewEdge Advisors, LLC, NewEdge Wealth, LLC, and NewEdge Securities, LLC are wholly owned subsidiaries of NewEdge Capital Group, LLC. For more information, visit www.newedgecapitalgroup.com.

*Barron’s rankings awarded in September 2025 based on prior 12-month data. Forbes/Shook rankings awarded in October 2025 based on data from 3/31/24–3/31/25. The CNBC Elite Advisors award was issued by CNBC on June 22, 2026. Award criteria and methodology are determined solely by CNBC in partnership with AccuPoint Solutions and Cerulli Associates. This recognition is not indicative of future performance and should not be construed as an endorsement of NewEdge Wealth or NewEdge Capital Group by CNBC or any affiliated entity. Neither NewEdge Capital Group nor its employees pay a fee in exchange for these rankings.

View source version on businesswire.com: https://www.businesswire.com/news/home/20260901322473/en/

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Source: NewEdge Capital Group, LLC

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