BridgePort Partners With NewEdge Wealth to Deliver Bespoke Private Market Solutions

Whats Happening:

BridgePort, a financial technology company, has partnered with NewEdge Wealth to provide custom, all-digital investment solutions for private market opportunities. This collaboration aims to enhance NewEdge's ability to offer differentiated alternative investments to its clients, leveraging BridgePort's cutting-edge technology and infrastructure solutions.

Key Moves:

• BridgePort partners with NewEdge Wealth to offer digital private market solutions

• NewEdge Capital Group ranked #5 on Barron's Top 100 RIAs in the US for 2024

• BridgePort's solutions aim to facilitate more fluid and transparent investor experiences

By The Numbers:

• NewEdge Capital Group services over $60 billion in client assets as of December 31, 2024

• Private market investing estimated to grow from $13 trillion today to over $20 trillion by 2030

• NewEdge Capital Group supports over 450 financial advisors servicing several thousand households, family offices and institutions

Key Quotes:

• "We are excited to partner with high-caliber organizations such as NewEdge, who embrace the impact and dynamics of private market investing." - Christopher Nero, BridgePort's founder and CEO

• "We believe private market investing is an integral component of a comprehensive investment strategy, and solutions like BridgePort's are essential in facilitating the exceptional access we can provide." - Rick Hollman, Managing Director and Head of Advisor Solutions at NewEdge

Bottom Line:

The partnership between BridgePort and NewEdge Wealth represents a significant step towards democratizing access to private market investments. By combining BridgePort's digital solutions with NewEdge's wealth management expertise, the collaboration aims to provide clients with enhanced access to alternative investments while improving the overall advisor and client experience in the rapidly growing private markets sector.

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