BridgePort Partners with NewEdge Wealth for Enhanced Private Market Solutions and Investment Opportunities

BridgePort Partners with NewEdge Wealth for Enhanced Private Market Solutions

In a significant industry partnership, BridgePort, a renowned financial technology firm, has teamed up with NewEdge Wealth, a provider of innovative wealth management services based in Stamford, Connecticut. This collaboration aims to deliver bespoke digital investment solutions that will provide clients with new and differentiated opportunities in alternative investments.

BridgePort has established a reputation for offering custom technology and infrastructure solutions tailored for clients in the complex landscape of private markets. With the private market investment sector projected to expand from a current valuation of $13 trillion to over $20 trillion by 2030, the partnership with NewEdge Wealth positions both firms to leverage this growth effectively.

With NewEdge embracing a robust commitment to institutional-quality wealth management, the integration of BridgePort’s cutting-edge solutions further enhances their service offering. NewEdge Capital Group, noted for being ranked #5 on Barron's list of Top 100 RIAs in the U.S. for 2024, manages over $60 billion in client assets as of December 2024. This partnership underscores NewEdge’s dedication to providing exceptional access to private market investments for sophisticated clients.

BridgePort’s founder and CEO, Christopher Nero, emphasizes the importance of making private markets accessible for clients. He states, “Providing clients with access to private markets is imperative; however, this requires experienced advisors to guide them, supported by robust technology and infrastructure.” Nero expresses enthusiasm for collaborating with high-caliber firms like NewEdge, recognizing their commitment to the evolving dynamics of private market investing.

Rick Hollman, Managing Director and Head of Advisor Solutions at NewEdge, further articulates the significance of private market investments within comprehensive investment strategies. He believes that the offerings provided through BridgePort’s platform will enhance the experiences of both advisors and clients, facilitating exceptional access to alternative investment opportunities.

BridgePort's digital ecosystem is designed to empower various private market constituents – including Registered Investment Advisors (RIAs), Outsourced Chief Investment Officers (OCIOs), Fund Managers, and others. The company's proficiency is built on decades of combined financial industry experience, allowing it to create dynamic investment products and a seamless transactional and reporting environment for clients.

Interestingly, BridgePort's technology operates as an agnostic platform capable of serving a multitude of sophisticated clients across the private market spectrum. It enables the creation of custom private investment platforms, access vehicles, and syndication portals, thus ensuring clients navigate the evolving market landscape more efficiently.

The entirety of this collaboration highlights a noticeable shift in the financial technology landscape, as firms like BridgePort and NewEdge Wealth adapt to changing investor preferences. With increasing numbers of investors seeking alternative investments, this partnership underscores a forward-thinking approach that combines innovative technology with essential wealth management services.

As investment paradigms continue to shift, partnerships like that of BridgePort and NewEdge Wealth signal a promising future where clients can engage in more transparent, fluid, and individualized investment experiences tailored to meet their unique needs and preferences. This collaboration also aligns with both companies' broader mission to redefine the capabilities and expectations surrounding private market investing.

For more information about BridgePort and their innovative solutions, it's recommended to visit their website at www.bridgeportft.com. Similarly, prospective clients can learn more about NewEdge Wealth and its offerings through the NewEdge Capital Group's various platforms.