The thrill of entrepreneurship is ‘wildly rewarding’
Rob Sechan embarked on a journey to evolve the industry when he and his partners left Wall Street to begin their entrepreneurial dream by founding NewEdge Wealth.
“Independence just attracted me. Once I saw it, I couldn’t unsee it, and I ended up being in a place where I spent a good three or four years investigating what to do,” the CEO of Connecticut-based NewEdge Wealth says, after spending several decades in several different wirehouses.
Sechan says NewEdge Wealth has become one of the most “exciting RIA growth stories.” Since the firm was founded in early 2020, and with a few acquisitions, it has grown into a $60 billion AUM firm.
Even though Sechan is CEO, managing partner and co-founder of the firm, and while he may not be a regular advisor player in the space, he says one of the most rewarding things is being a coach to his team.
“I never want to let those clients go but more importantly than that, it’s getting to choreograph a bunch of talent to come together and see it actually work. The thrill of entrepreneurship and building something that didn’t exist is wildly rewarding. There are people that have great jobs as a result of me believing something like this could come together,” he says.
Another rewarding feeling, Sechan admits, is him being recognized as an InvestmentNews Awards 2024 Excellence Awardee, with the winners announced on June 20 at 583 Park Avenue, New York City in a glitzy, red carpet ceremony. Click here to register to attend.
“To be a disrupter, you have to embrace something, or identify a need and if you happen to be able to do both, success will come from it,” Sechan highlighted. “I think we’ve been able to do that and that’s been at the heart of our success.”
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