NewEdge Wealth, LLC

the Bank Deposit Program to provide clearer information about how the program works. Included disclosures and risks regarding NewEdge’s use of artificial intelligence. Included disclosures regarding the firm’s affiliate receiving revenue-sharing fees in connection with structured notes. Included discloses that it offers unified managed accounts (“UMAs”) utilizing third-party platforms, including SMArtX and Vise. Vise also employs algorithmic models to construct and manage portfolios based on client preferences and market data.

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Item 3. Table of Contents Item 2: Material Changes ............................................................................................................................ 2 Item 3. Table of Contents ........................................................................................................................... 3 Item 4: Services, Fees and Compensation ................................................................................................. 4 Item 5: Account Requirements and Types of Clients .............................................................................. 24 Item 6: Portfolio Manager Selection and Evaluation .............................................................................. 24 Item 7: Client Information Provided to Portfolio Managers.................................................................... 41 Item 8: Contact with Portfolio Managers ................................................................................................. 41 Item 9: Additional Information................................................................................................................. 41

Item 4: Services, Fees and Compensation NewEdge Wealth, LLC (“NewEdge”, “Firm”, “us” or “we”) provides ultra-high net worth individuals and families with a broad range of comprehensive investment advisory services. While our services depend on the specific arrangement with each client, our engagements generally include the provision of advisory services on a wrap fee basis. This means that clients pay a single asset-based fee to NewEdge, which covers our investment advisory services, performance reporting, custody of securities, trade execution with or through NewEdge Securities, Inc. (“NES” or “Securities”), our broker dealer affiliate, as well as compensation to our Private Wealth Advisors (“PWAs”). The Firm filed for registration with the SEC as an investment adviser on March 1, 2020. As December 31, 2025, NewEdge had regulatory assets under management (“RAUM”) of $19,926,358,802 of which $18,220,388,983 was discretionary RAUM and $1,705,969,818 was non-discretionary. In addition to our RAUM, NewEdge serviced $10,371,385,315 of additional assets as of December 31, 2025, which do not meet the criteria of RAUM. In total, NewEdge advised or serviced a total of $30,297,744,117 in client assets as of December 31, 2025 Assets “serviced by” the firm includes (i) client assets for which we provide investment advisory services, (ii) client assets for which we provide brokerage services through our affiliate, NewEdge Securities, LLC and (iii) client assets held at affiliated and unaffiliated broker dealers for which we provide supervisory oversight, support services and/or wealth strategy services. The value of certain serviced assets is based on information provided by clients and is not independently verified by the Firm. NewEdge is a wholly owned subsidiary of NewEdge Capital Group, LLC, which is a wholly owned subsidiary of NewEdge Wealth Holdings, L.P. NewEdge Wealth Holdings, L.P. was formed on February 4, 2020 by its ultimate parent company, EdgeCo Investor Holdings, LP as part of a consolidation of its wealth management businesses. EdgeCo Investor Holdings, L.P. was formed in conjunction with the purchase of Mid Atlantic Capital Group, Inc. in 2018 by investment funds affiliated with Parthenon Capital, LLC and Waterfall Asset Management, LLC, a registered institutional asset manager. Mr. Robert Sechan is the Co-Founder and Chief Executive Officer of NewEdge Wealth, LLC and the CoManaging Partner of NewEdge Capital Group, LLC. NewEdge is under common control with NewEdge Securities, LLC. (“NES”), a registered broker-dealer and member of the Financial Industry Regulatory Authority, Inc. (“FINRA”), LPA Insurance Agency, a California registered insurance agency, NewEdge Capital Group Insurance Services, a Louisiana registered insurance agency and NewEdge Advisors, LLC, an investment adviser registered with the SEC. For more information about the services, we provide outside of the wrap fee programs discussed in this brochure, please refer to our Form ADV Part 2A Firm Brochure.

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Advisory Services Portfolio Management NewEdge’s clients can choose from both discretionary and non-discretionary portfolio management services through our wrap fee programs including:

PWA Advised Portfolios; Model Strategies; Separately Managed Account (“SMA”) Programs; and NewEdge Investment Solutions (“NEIS”) strategies.

NewEdge, through its PWAs, tailors its advisory services to meet the needs of its individual clients and seeks to ensure, on a continuous basis, that client portfolios are managed in a manner consistent with those needs and objectives. NewEdge consults with clients on an initial and ongoing basis to assess their specific risk tolerance, time horizon, liquidity constraints and other related factors relevant to the management of their portfolios. Clients are advised to promptly notify NewEdge if there are changes in their financial situation or if they wish to place any limitations on the management of their portfolios. Clients are allowed to impose reasonable restrictions or mandates on the management of their accounts if NewEdge determines, in its sole discretion, the conditions would not materially impact the performance of a management strategy or prove overly burdensome to the Firm’s management efforts. The terms of the advisory services that NewEdge provides for each client are set forth in one or more investment advisory agreements between NewEdge and such client (“Advisory Agreement”). Some third-party platforms and programs also require an agreement directly with a client in addition to the Advisory Agreement. Clients must rely on a third party to custody their securities and other assets and to execute securities transactions. Our client’s assets are generally custodied at National Financial Services LLC (“NFS”), Fidelity Brokerage Services LLC (together with NFS, “Fidelity”), Folio Investment, Inc., d/b/a Goldman Sachs Custody Solutions (“Goldman Sachs”), Charles Schwab & Co (“Schwab”) and Pershing Advisor Solutions LLC (“Pershing”) (collectively, “Custodians”). Clients with assets custodied at Fidelity, Goldman Sachs, Schwab or Pershing must enter into a separate account agreement with the respective custodian. NewEdge is often granted the authority to exercise discretion on behalf of clients. NewEdge is considered to exercise investment discretion over a client’s account if it can affect and/or direct transactions in client accounts without first seeking their consent. NewEdge is given this authority through a power-of-attorney included in the Advisory Agreement between NewEdge and the client. Clients can request reasonable limitations on this authority (such as certain securities not to be bought or sold). NewEdge takes discretion over the following activities:

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the individual securities to be purchased or sold; the amount of securities to be purchased or sold; when transactions are made; and the hiring and firing of Independent Managers.

Investment Restrictions You can place reasonable restrictions on the types of investments to be held in your portfolio. Restrictions on investments in certain securities or types of securities may not be possible due to, for example, the level of difficulty this would entail in managing the account or an Independent Manager's ability to accommodate them. You should contact your PWA to determine what types of restrictions you can request for your account. PWA Advised Portfolios NewEdge, through its PWAs, can provide investment advice on the assets in your accounts on either a discretionary or non-discretionary basis. Eligible investments include a wide variety of securities and other investments, such as foreign and domestic equity securities, investment and other grade bonds, and structured products, as well as mutual funds, ETFs, closed-end funds, unit investment trusts, real estate investment trusts, hedge funds, private equity funds, and other private placement alternative investments. Portfolios can be designed to manage client assets within a single asset class or across multiple asset classes. Clients that decide to engage NewEdge on a non-discretionary investment advisory basis must be willing to accept that NewEdge cannot affect any account transactions without obtaining prior consent to any such transaction(s) from the client. Thus, if NewEdge would like to make a transaction for a client’s account, and client is unavailable, NewEdge will be unable to affect the account transaction without first obtaining the client’s consent (as it would for its discretionary clients). Model Strategies PWAs can recommend strategies that are available through contractual arrangements with modelonly providers. The Firm believes this approach helps it to solve core administrative and technology issues through flexible and open architecture solutions. NewEdge can offer solutions and services including: (1) portfolio rebalancing and tax optimization, (2) reporting and data aggregation, and (3) account reconciliation and asset transfers through electronic data feeds from trading firms, clearing firms and custodial firms. Separately Managed Accounts NewEdge can recommend or allocate a portion of a client’s assets to certain Independent Managers to actively manage a portion of the assets in accordance with the client’s designated investment objectives. In such situations, the Independent Manager shall have day-to- day responsibility for the active discretionary management of the allocated assets. NewEdge has no ability to affect the trading

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decisions of the Independent Managers once they are chosen but can advise on the decision to engage or terminate a particular manager. NewEdge shall continue to render investment supervisory services to the client relative to the ongoing monitoring and review of account performance, asset allocation and client investment objectives. Factors that NewEdge shall consider in recommending Independent Managers include the client’s designated investment objectives, management style, performance, reputation, financial strength, reporting, pricing, and research. Please note investment management fees charged by an Independent Manager are separate from, and in addition to, NewEdge’s investment advisory fee (“Advisory Fee”) (discussed in more detail in Item 5 below). Depending on the Independent Manager, the specific terms and conditions under which a client engages an Independent Manager can be set forth in a separate written agreement with the Independent Manager. Alternatively, NewEdge can contract directly with the Independent Manager for the Independent Manager to advise on a sub-advisory basis. Clients can also receive the written disclosure documents of the respective Independent Managers engaged to manage their assets. Envestnet Asset Management, Inc. Envestnet is an investment management firm providing investment management and advisory services through Independent Managers. Envestnet provides NewEdge with the ability to use the NFS custodial platform, or other custodial platforms, with the Independent Managers established on the Envestnet platform. Envestnet performs the initial and ongoing due diligence on Independent Managers and provides other “back office” operations needed for this type of program. NewEdge Investment Solutions NewEdge can provide asset management services for specific investment strategies through NewEdge Investment Solutions (“NEIS”). NEIS is a division of NewEdge actively involved in managing certain equity, structured notes, and fixed income investment strategies primarily through separately managed accounts. These or other advisory affiliates can be expected to provide additional services in the future. Further, clients investing through NewEdge are from time to time offered access to private funds, and other securities offered and/or managed by NEIS or other advisory affiliates of NewEdge. Separately managed account strategies available to clients include those to which the NewEdge (through its Chief Investment Officer) is responsible for, in whole or in part, constructing, implementing, managing and/or providing other advice (such as asset allocation or capital markets assumptions). Unified Managed Accounts NewEdge offers as unified managed accounts (“UMAs”), which are single portfolios with a mix of assets classes and investment positions using model portfolios, which may consist of Independent Managers, NEIS strategies and to a less extent, other investment options such as mutual funds and exchanged traded funds. NewEdge utilizes as SMArtX Advisory Solutions LLC (“SMArtX”) and Vise AI

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