NewEdge Wealth, a Connecticut-based $4.4 billion registered investment advisor specializing in ultra-high-net-worth clients, has appointed chartered financial analyst Cameron Dawson to direct development of the firm’s investment and portfolio strategies.
A frequent commentator on the markets for Bloomberg, CNBC, Fox Business and others, Dawson was the chief market strategist at Fieldpoint Private Securities and a senior equity analyst for Bank of America before joining NewEdge.
“NewEdge Wealth is just the firm I’ve been looking for," said Dawson, telling WealthManagement.com she's excited to join a firm that's eager to remain an elite, boutique advisory firm for UHNW clients while also pursuing growth, something she characterized as "unique" in the industry.
A research analyst at heart, Dawson said she did her due diligence when considering firms to join and that she was drawn to NewEdge due to its growth, scale and agility.
"I was looking for a firm that had the resources to be able to produce best-in-class research and investment views," she said, "and the scale to be able to actually implement those views in client portfolios. At this point in my career, I want to be part of something that's on the leading edge."
NewEdge Wealth has experienced rapid and strategic growth since its founding in late 2020, adding eight new senior team members to its headquarters and appointing Robin Petty as managing director and head of wealth strategy last month.
As the firm's first CIO, according to Tuesday's announcement, Dawson “will help shape the firm’s investment themes, strategies, and market views, while also working closely with the firm’s advisors and clients to help define portfolio strategies.”
“We’re excited to have her,” said NewEdge CEO and co-founder Rob Sechan, touting Dawson’s “dynamic and distinguished” way of thinking about investment and asset allocation. “Cameron will help us even further expand upon the intellectual capital that our family office and institutional clients demand.”
In the coming months, Dawson said to expect more investment outreach. "You'll be hearing from us on various platforms. Different kinds of output that target different kinds of clients, and showing that NewEdge really has best-in-class thinkers and that institutional quality."
She'll also be working to help the existing team expand their investment platform. "In growing quickly, the investment platform needs to expand as well," she said. "So we're going to make sure that as we grow, we continue to maintain that ultra-high quality while giving people access to investments that they might not be able to get other places."
Dawson will serve on the NewEdge Wealth investment advisory board alongside Sechan and NewEdge Head of Research Bill Englis, as well as Fundstrat Global Advisors Managing Partner Tom Lee, Omega Family Office Chairman and CEO Leon Cooperman, GoldenTree Asset Management’s former President Robert Matza, and Fundstrat Global Advisors Managing Director Brian Rauscher.
NewEdge Wealth is owned by NewEdge Capital Group, which currently services around $32 billion in assets across more than 75,000 client accounts. In addition to managing approximately $12.6 billion through its other subsidiary RIA, NewEdge Advisors, the Capital Group owns FINRA/SPIC member NewEdge Securities. Former head of UBS Group's U.S.-based business Robert J. McCann, who held stints as head of wealth management at both Merrill Lynch and UBS Wealth Management Americas, joined NewEdge Capital Group as co-chairman in January.
NewEdge Capital Group is the wealth management business unit of EdgeCo Holdings, which has more than 600 employees and handles wealth and retirement assets in excess of $160 billion.