RIA Composition Wealth announced a merger with Edgewater Wealth Management of Tacoma, Washington, formerly with Northwestern Mutual Private Client Group, where it had $900 million in client assets. Edgewater’s team of 16 includes eight wealth advisors. The merger strengthens Composition Wealth’s Pacific Northwest presence.
According to a news release, Edgewater joined Composition Wealth to expand its growth opportunities, investment capabilities and client resources. Edgewater was founded in 2019 by Partners C.W. Middleton and Tyler Hjelseth. Kevin Johnson joined as the third Partner in 2022.
“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.”
“Edgewater fits perfectly into our culture,” said Nate Angelo, CEO 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. We look forward to amplifying Edgewater’s success through enhanced investment capabilities, marketing solutions and operational efficiencies.”
Established in 2007 and headquartered in Los Angeles, Composition Wealth rebranded from Miracle Mile Advisors in February 2025. It has over $10 billion in assets and 125 employees.
Wealth Solutions Report can be reached at info@wealthsolutionsreport.com.
