Edelman Financial Services, LLC

Edelman Financial Services, LLC

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4000 Legato Road 9th Floor

Fairfax, VA 22033-2892

703-818-0800

edelmanfinancial.com

No. advisers: 434

AUM: $21,729,061,354

Asset Breakdown

Staff
Employees 434
Clients
High-net-worth individuals 11-25%
Financial planning clients More than 500
High-net-worth client assets Up to 75%
Compensation
Percentage of assets under management Yes
Hourly charges No
Subscription fees Yes
Fixed fees Yes
Commissions No
Performance-based fees No
Total AUM Total Accounts Avg. Account AUM
Discretionary $21,729,061,354 85,909 $252,931
Non-discretionary 0 0 $0
Total $21,729,061,354 85,909 $252,931

Marsh & McLennan acquires Centurion, a $16 billion retirement group

April 3, 2019 - Centurion Group, an advisory firm overseeing $16 billion in retirement plan assets and 400,000 plan participants, is being acquired by Marsh & McClennan Agency, a subsidiary of the national insurance brokerage Marsh. The deal, terms of which were not...

Quick change in plans has Bob Oros headed to HighTower

November 14, 2018 - Two weeks ago, it was announced that Bob Oros was leaving HD Vest Financial Services after less than two years as its CEO. The company seemed OK with the decision and pleased that he was going to stay on until March as a consultant. How quickly those...

Fiduciary leader Phyllis Borzi joins Edelman Financial Engines board

November 13, 2018 - Phyllis C. Borzi, former Department of Labor assistant secretary and mother of the DOL fiduciary rule, has been appointed to the board of directors at Edelman Financial Engines. The firm, which combined Edelman Financial Services and Financial Engines...

Fidelity launches company to custody and trade cryptocurrencies

October 15, 2018 - Fidelity Investments is launching a new company to offer custody and trade executions of cryptocurrencies and other digital assets. The goal of Fidelity Digital Asset Services is to make things like bitcoin more available to sophisticated institutional...

Why in the world isn't the 401(k) industry entirely digital?

September 26, 2018 - As a byproduct of InvestmentNews' recent acquisition, I just hit a major life milestone. I experienced my first 401(k) account rollover, and oh boy, was it eye-opening. As a technology reporter, I'm much more familiar with fintech companies and firms...

    Notes
  • N/A = Not available
  • N/D = Not disclosed
  • — = Information not available or not disclosed

Purchase the data and information contained in the RIA Data Center in an Excel spreadsheet.

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Reprints: For reprints of these rankings, please contact Laura Picariello.

*Methodology:InvestmentNews qualified 2,172 firms headquartered in the United States based on data reported on Form ADV to the Securities and Exchange Commission as of May 1, 2018. To qualify, firms must have met the following criteria: (1) latest ADV filing date is either on or after January 1, 2017, (2) total AUM is at least $100M, (3) does not have employees who are registered representatives of a broker-dealer, (4) provided investment advisory services to clients during its most recently completed fiscal year, (5) no more than 50% of amount of regulatory assets under management is attributable to pooled investment vehicles (other than investment companies), (6) no more than 25% of amount of regulatory assets under management is attributable to pension and profit-sharing plans (but not the plan participants), (7) no more than 25% of amount of regulatory assets under management is attributable to corporations or other businesses, (8) does not receive commissions, (9) provides financial planning services, (10) is not actively engaged in business as a broker-dealer (registered or unregistered), (11) is not actively engaged in business as a registered representative of a broker-dealer, (12) has neither a related person who is a broker-dealer/municipal securities dealer/government securities broker or dealer (registered or unregistered) not one who is an insurance company or agency.

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