Articles from Edelman Financial Engines

Recent insights1 from Edelman Financial Engines (EFE) reinforce a striking trend in how Americans think about retirement: specifically, they imagine these years to be more active, more purpose-driven, and more personalized than ever before. Yet while the vision for retirement is constantly changing, confidence in affording it is lagging. More than one-third (35%) of Americans say their ideal retirement lifestyle feels financially out of reach, and nearly two-thirds (65%) feel only somewhat confident they can afford the retirement they envision.

Edelman Financial Engines (EFE), America’s top independent wealth planning1 and workplace2 investment advisory firm, today announced the acquisition of Cahill Wealth Management. Headquartered in Kalamazoo, Michigan, Cahill Wealth Management is an investment advisory firm managing approximately $426 million for 125 clients.3

Edelman Financial Engines (EFE), a top independent wealth planning1 and workplace2 investment advisory firm, today released findings from its new survey3 that explores the attitudes and perceptions people have related to taxes and financial planning.

Edelman Financial Engines (EFE), a top independent wealth planning1 and workplace2 investment advisory firm, today released the findings from its most recent Everyday Wealth in America3 report. For the third year, the report explores key issues at the intersection of life and money, including those that may pose the biggest challenges to achieving financial security.

For the seventh consecutive year, Edelman Financial Engines (EFE) has been ranked the nation’s top independent Registered Investment Advisor (RIA) firm by Barron’s.1 This year, the list has also been adjusted to designate a group of the largest “mega” firms, where EFE claims the #1 position overall.

Edelman Financial Engines (EFE), America’s top independent wealth planning1 and workplace2 investment advisory firm, today released a ground-breaking report that features data and insights gained from 20 years of helping employees save for retirement through its industry-leading managed account program.3

Edelman Financial Engines (EFE), America’s top independent wealth planning1 and workplace2 investment advisory firm, today announced the acquisition of Soundmark Wealth Management (“Soundmark”). Headquartered in Kirkland, Washington, Soundmark is an investment advisory firm managing more than $453 million in assets for over 250 households.3 The firm, founded by Bill Schultheis, provides premier investment management and financial planning services, with a specialty in addressing the unique planning needs of medical and technology professionals, as well as small business owners. The acquisition also provides EFE more capacity to serve clients in the Pacific Northwest.

Edelman Financial Engines (EFE), America’s top independent wealth planning and investment advisory firm, announced today that it is recognized as one of America’s Greatest Workplaces for Women 2024 by Newsweek and Plant-A Insights Group. This survey of over 142,000 women included representation at over 848,000 companies in America. The award was evaluated on various categories including compensation and benefits, work-life balance, and proactive management of a diverse workforce.

This year, Edelman Financial Engines (EFE), America’s top independent wealth planning1 and workplace2 investment advisory firm, marks the 20th anniversary of its industry-leading 401(k) managed account program. For more than two decades, EFE has been at the forefront of supporting employers and employees while playing an integral role in addressing the nation’s retirement preparedness. During that time, EFE has performed nearly 150 million portfolio reviews through its managed account program, while monitoring and providing personal advice and management to millions of investors on their journey to reach their retirement goals.3

Edelman Financial Engines (EFE), America’s top independent wealth planning1 and workplace2 investment advisory firm, today announced that Megan Hanley has joined the firm as chief marketing officer, effective January 3. Hanley will report to EFE chief executive officer Jay Shah.

Edelman Financial Engines (EFE), a top independent wealth planning and investment advisory firm, today released the findings from its second annual Everyday Wealth in America report. This growing body of research examines a broad range of topics at the intersection of life and money, including perceptions about wealth, the top concerns and sources of stress, and issues related to family wealth planning, as well as the financial challenges people face in their relationships. The study also investigates how financial professionals and employers can help Americans address some of these important topics so they can be better prepared to achieve their goals.

Edelman Financial Engines (EFE), America’s top independent wealth planning1 and workplace2 investment advisory firm, today announced the acquisition of PRW Wealth Management (PRW), a Registered Investment Advisor that provides a comprehensive range of wealth management capabilities, with a focus on strategic planning, investment management and the transfer of wealth.

As plan sponsors eye solutions for retirement readiness, personalization has become a major area of focus, according to The Benefits of Personalization in Defined Contribution Plans, a new white paper issued by Cerulli Associates, with support from Edelman Financial Engines. More than one-third (36%) of 401(k) plan sponsors cite improving retirement readiness as the top priority for their 401(k) plan.

Edelman Financial Engines, America’s top independent wealth planning1 and workplace2 investment advisory firm, today announced the acquisition of Align Wealth Management (Align), a Registered Investment Advisor that provides a wide range of wealth management and financial planning services, including investment management, tax planning, retirement planning and estate planning.

For the sixth consecutive year, Edelman Financial Engines (EFE) has been named the nation’s top independent Registered Investment Advisor (RIA) by Barron’s.1

Edelman Financial Engines (EFE), America’s top independent wealth planning1 and workplace2 investment advisory firm, today announced that its board of directors has named Jay Shah to become the firm’s new chief executive officer (CEO). Shah will assume this role on Aug. 18, 2023, as current CEO Larry Raffone transitions to become chairman of the board while remaining a meaningful shareholder.

Edelman Financial Engines, America’s top independent wealth planning and investment advisory firm,1 today released new research findings that reveal how many women of color in the United States are committed to writing their own financial narratives to create better outcomes than those who came before them. According to the study, approximately two out of three (67%) women of color said they were actively forging a more secure path while avoiding the financial behaviors they witnessed growing up.

Edelman Financial Engines, America’s top independent wealth planning and investment advisory firm,1 today announced the acquisition of Erman Retirement Advisory (ERA), a registered investment advisor that provides a comprehensive suite of financial planning and wealth management services. The transaction closed on Dec. 12, 2022.

To better understand how Americans perceive wealth in relation to the world around them, Edelman Financial Engines (EFE) the nation’s top independent wealth planning and investment advisory firm1, today released findings from a new report titled Everyday Wealth in America. The research explores critical areas at the intersection of life and money and how people form opinions and make decisions relative to their own financial values and goals.

Edelman Financial Engines, America’s top independent wealth planning and investment advisory firm,1 and the George Washington University’s Global Financial Literacy Excellence Center, today issued a comprehensive report that revealed how offering financial education resources in the workplace can play a role in boosting financial security and confidence.

Edelman Financial Engines (EFE), America’s top independent wealth planning and investment advisory firm,1 announced today the acquisition of Herrmann & Cooke Wealth Management, a fiduciary Registered Investment Advisor that provides a comprehensive suite of financial and wealth management services.

Edelman Financial Engines (EFE) has been named the nation’s top independent Registered Investment Advisor (RIA) by Barron’s for the fifth consecutive year.1

Edelman Financial Engines (EFE), America’s top independent wealth planning and investment advisory firm,1 today announced the acquisition of Smart Investor, a fiduciary Registered Investment Advisor that provides comprehensive financial planning and investment management services. The transaction closed Aug. 1, 2022.

Edelman Financial Engines, America’s top independent wealth planning and investment advisory firm,1 announced today the launch of Momentum by Edelman Financial EnginesTM, a new holistic financial wellness platform for the workplace. Momentum builds on Edelman Financial Engine’s industry-leading 401(k) advice and management services with a dynamic set of expanded financial wellness, counseling and planning resources – giving employees the momentum they need to accelerate their financial confidence, moment by moment.

Edelman Financial Engines, America’s top independent wealth planning and investment advisory firm, today announced the launch of Income Beyond Retirement (IBR), a retirement income solution designed for 401(k) plan participants who are in or near retirement.

Edelman Financial Engines, America’s top independent wealth planning and investment advisory firm,1 today announced that Suzanne van Staveren has joined the firm as executive vice president and chief financial officer, effective immediately.

Edelman Financial Engines, America’s top independent wealth planning and investment advisory firm, today announced a new partnership with the George Washington University’s Global Financial Literacy Excellence Center. This initiative involves the launch and study of an innovative financial counseling and education program called Fast Track to Financial Health, which is being deployed to nearly 30,000 employees at a Fortune 25 company.

Edelman Financial Engines, America’s top independent wealth planning and investment advisory firm, announced today the upcoming launch of Everyday Wealth™ with Soledad O’Brien and Jean Chatzky, a dynamic new radio show and podcast that examines the most important and topical financial decisions affecting our lives today.

Edelman Financial Engines, America’s top independent financial planning and investment advisor, announced today the appointment of Peter deSilva to its board of directors.

Edelman Financial Engines has been named the nation’s top independent Registered Investment Advisor (RIA) by Barron’s for the fourth consecutive year.

Edelman Financial Engines, America’s top independent financial planning and investment advisor, has been selected by Principal Financial Group®, a global leader in retirement plan services, to offer personalized retirement advice and financial wellbeing guidance to select large employers on its recordkeeping platform. The relationship, which launched last month, adds to robust wellness offerings from Principal by providing access to Edelman Financial Engines’ national network of financial planners, for in-person and virtual advice in addition to a broad array of financial education tools and online advice.

Edelman Financial Engines today announced that founder Ric Edelman will transition at the end of the year from his role as Chairman, Financial Education and Client Experience. In the new year, Edelman will serve as a strategic advisor to the firm while remaining on the Board of Directors. He also continues to be the firm’s largest individual shareholder.

Edelman Financial Engines, the nation’s top independent financial planning and investment management firm, today announced the acquisition of Viridian Advisors, an independent, 100% employee-owned firm providing comprehensive financial planning, investment management, and tax planning and preparation services to individuals, families, and businesses. The transaction is expected to close in the second quarter of 2021.

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