The US independent financial advisor with US$8.6 billion AuM has re-launched its structured note income portfolio (SNIP) to capitalise on the Russell 2000 rally through a separately managed account (SMA).
NewEdge Wealth has reported US$8.6 billion in assets under management (AuM) as of 21 February, over 95% of which are on a discretionary basis. It represented a nearly one-quarter increase from US$6.9 billion recorded on 1 September 2023, according to the firm’s latest ADV annual filing. The portfolio management team used the Russell 2000’s Q4 rally to sell a few notes that were quickly nearing their maturity date and within 10% of a breach of protection level - Michaela
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