Vise, a technology-powered asset manager that delivers personalized portfolios at scale, announces a partnership with NewEdge Wealth, a Stamford, CT-based firm. This collaboration aims to transform the delivery of personalized, tax-efficient portfolios. NewEdge Wealth is a part of NewEdge Capital Group, which ranked #5 on Barron’s Top 100 RIAs in the US for 2024, and services over $55 billion in client assets as of June 30, 2024. This partnership combines NewEdge’s commitment to institutional-caliber wealth management with Vise’s cutting-edge technology.
“This partnership marks an important step forward for both NewEdge and the entire wealth management sector,” said Samir Vasavada. “By leveraging Vise, NewEdge can now offer highly customized, tax-efficient portfolios that we believe set a new standard for personalized investing.”
Fintech News: DeNexus Secures $17.5 Million in Series A Funding to Revolutionize Cyber Risk Management
Vise’s All-in-One Investment Experience Includes:
- Tax Loss Harvesting: Vise’s Tax Loss Harvesting algorithm looks for TLH opportunities daily and has the potential to deliver up to 300bps of tax alpha annually.
- Intelligent Tax Transitions: The ability to transition legacy assets with large embedded gains into a customized target portfolio.
- Holistic portfolio solutions: The option to direct index the equity component of portfolios, with the ability to enable factor strategies, lock positions, and more – all in one account.
- Easy-to-use platform: Generate customized, tax-efficient proposals based on market views and client preferences in minutes, enabling NewEdge advisors to save time and reduce operating costs.
Pat Dwyer commented on the partnership, “Vise is fundamentally changing how we scale the business. It’s not just faster—it’s more efficient in every aspect, from prospecting to managing client assets. And as the platform evolves, I believe it will only get better.”
Fintech News: Polyhedra Network and WSPN Join Forces to Enhance WUSD with Zero-Knowledge Solutions
This collaboration between Vise and NewEdge Wealth is set to redefine personalized wealth management at scale, seeking to provide better outcomes for clients, empowering advisors with advanced tools, and positioning both companies for continued growth in the evolving landscape of investment management.
Source – Businesswire
To share your insights with the FinTech Newsroom, please write to us at news@intentamplify.com
