Composition Wealth Adds $900M Edgewater Team From Northwestern Mutual

Composition Wealth, a registered investment adviser with more than $10 billion in assets, has merged with Edgewater Wealth Management of Tacoma, Wash., adding a 16-person team that oversaw $900 million in client assets at Northwestern Mutual Private Client Group.

“Edgewater fits perfectly into our culture,” said Nate Angelo, chief executive officer of Composition Wealth. “The team’s commitment to an incredibly high standard of care for their clients aligns with our mission of delivering frictionless advice to clients.”

The Edgewater team was founded in 2019 by partners and wealth advisers C.W. Middleton and Tyler Hjelseth. By 2021, the firm had doubled in size. In 2022, wealth adviser Kevin Johnson joined as a third partner.

“We had plenty of options when we decided to make a change and determined that Composition Wealth was the best fit for our team and clients,” said Middleton.

“The firm’s integrated approach allows us to leverage experts in investments, tax planning, estate strategies, retirement planning and other critical areas to create comprehensive plans for each client’s needs,” added Middleton.

Founded in 2007 and headquartered in Los Angeles, Composition Wealth said the addition of Edgewater substantially increases its presence in the Pacific Northwest.

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