NewEdge Adds Two UHNW Advisors from Edge Capital in Southeast

NewEdge Wealth announced that it has recruited former Edge Capital Partners advisors William DeButts and Jimmy Patrick as managing directors for its offices in Georgia and North Carolina.

Both DeButts and Patrick have extensive experience in providing services to ultra-high-net-worth clients. According to his LinkedIn profile, DeButts founded Glenmore Advisors in 2010 and served as its CEO until it merged with EdgeCapital in 2014. Prior to that, he was an equity owner at Convergent Wealth Advisors for two years. DeButts began his career with Morgan Stanley’s private wealth group, helping to establish the firm’s Atlanta office. He will be based out of NewEdge's Atlanta headquarters. 

Patrick, meanwhile, has nearly two decades of wealth management experience, working for firms such as Credit Suisse and Lehman Brothers, according to his BrokerCheck profile. He is the first advisor to join NewEdge's North Carolina office.

The recruitment of DeButts and Patrick is the firm’s latest foray in the region, following the establishment of its Florida office in August 2024. In the Stamford, CT-based firm’s latest Form ADV filing from September 2024, it reported $8.6B in regulatory assets under management, of which nearly $7.6B are for high-net-worth individuals.

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Written By: Dakota

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