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A team of financial advisors has left Ameriprise Financial to launch their own wealth management practice on NewEdge Advisors’ platform. NewEdge Advisors, one of two registered investment advisor practices in the NewEdge Capital Group, announced Tuesday it had brought on the 14-person team, Seven Bridges Wealth Advisors, in White Plains, N.Y.
“After careful consideration and months of strategic discussions with our entire team, including 30-year industry veteran Dave Mazzetti, we all agreed that seeking independence would enable us to keep pace with the changing industry and client expectations,” said Max DiSesa, managing partner of Seven Bridges, in a statement.
Mazzetti founded the practice with Ameriprise 28 years ago. He and DiSesa are joined by managing partners Andrew Buscetto and Joe Femia. Robert Blenkle will serve as senior vice president and financial advisor.
The team has joined under NewEdge’s 1099 model. The firm cited NewEdge’s single back-office support and open architecture model as reasons for moving to the platform.
This follows news in January that NewEdge Advisors recruited teams from Ameriprise Financial and Raymond James, totaling $1.94 billion in client assets.
NewEdge Advisors is a sister firm of NewEdge Wealth, which focuses on upper-high-net-worth, family office and institutional clients. Combined, the firms had overseen more than $88 billion in client assets as of Dec. 31, 2025.
Alex Goss, the founder and co-CEO of NewEdge Advisors, recently told Wealth Management that in 2026, the RIA would not only be looking to grow through its platform model but also through recruiting advisors to its W-2 employee channel. That channel, he said, already has about 14 firms and roughly $14 billion in client assets.