DALLAS — A Dallas-based wealth management team with about $580 million in client assets has decided to switch to NewEdge Advisors from J.P. Morgan, the firm announced on Thursday.
NewEdge Advisors is a New Orleans-based RIA partnership platform owned by NewEdge Capital Group, according to its website.
"We are proud to welcome Fortis Wealth Advisors to the NewEdge Advisors family," said Co-CEO and Co-Founder Neil Turner.
The Dallas-based founders of Fortis Wealth Advisors consist of Erik Linstrom, Ben Roth, Shawn Stanley and Kris Cawthon. Each brings more than 20 years of industry experience.
“This team is passionate about their work and greatly values the advisor-client relationship. Erik, Ben, Shawn and Kris have positively impacted many people and families across their esteemed careers, and we are thrilled to have them on board," Turner said.
The long-time colleagues all departed J.P. Morgan Securities to join NewEdge Advisors. The team will use Goldman Sachs Custody Solutions as their primary custodian.
"Choosing Goldman Sachs Custody Solutions to safeguard our clients' assets was not a choice we made lightly, and we are excited to offer their solutions and insights to our clients," said Kris Cawthon, Fortis Founder and Director of Operations.
Construction on Goldman Sachs’ regional office campus is underway in the Uptown area of Dallas. The $500 million project is scheduled to be completed in 2027 and will house about 5,000 employees. The project ranks among the largest office developments Dallas has added in decades.
According to Cawthon, the team sought an RIA to provide infrastructure as the firm grows.
"Going independent will allow us to focus even more on what matters most to us, the client relationships we've built over the years," Cawthon said.
NewEdge Advisors continues to attract top-performing advisors from across the country. Last week the firm welcomed a $540 million Michigan-based team of 18 advisors.
