NewEdge Wealth Aims to Accelerate Growth in Southeast With Managing Director Hires

William deButts, Jimmy Patrick

Registered investment adviser NewEdge Wealth LLC announced that William deButts and Jimmy Patrick have joined as managing directors. DeButts joins NewEdge’s Atlanta location while Patrick is the first adviser to join in North Carolina. Both served as partners and senior wealth advisers with Edge Capital Partners.

NewEdge Wealth is a division of NewEdge Capital Group LLC, designed to meet the needs of ultra-high-net-worth clients, as well as family office and institutional clients.

“We are thrilled to have William and Jimmy as part of our growing team as NewEdge continues to attract elite wealth managers seeking a firm that understands their needs to support a discerning client base while providing clear growth opportunities,” said Rob Sechan, co-founder and chief executive officer of NewEdge Wealth. “William’s experience working with family offices and foundations and Jimmy’s experience working with private and institutional clients will enhance the services that NewEdge provides.”

DeButts began his wealth management career at Morgan Stanley, where he helped establish the firm’s regional office in Atlanta, before becoming a managing director at Convergent Wealth Advisors from 2001 to 2010. In 2010, he founded and led Glenmore Advisors, which merged with Atlanta-based Edge Capital Partners in 2014. DeButts has extensive experience in structuring comprehensive investment and wealth management strategies for ultra-high-net-worth families, private clients, and foundations. He earned his MBA from Vanderbilt University and his bachelor’s degree in economics from Hamden-Sydney College.

Patrick has more than 20 years of wealth management experience including senior roles at Lehman Brothers, Credit Suisse, and Morgan Creek Capital Management. He joined Edge Capital Partners in 2014 where he had a key role in the firm’s strategic initiatives. Patrick earned his MBA from Kenan Flagler and his bachelor’s degree in business administration from the University of North Carolina at Chapel Hill.

In August 2024, NewEdge Wealth added two advisory teams, one from Morgan Stanley and the other from Merrill Lynch. Together they brought more than $1.8 billion in assets under management to the RIA.

NewEdge Wealth now has over 50 ultra high-net-worth advisers in 14 locations including Atlanta, Miami, Nashville, and San Francisco.

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