FAIRFAX, Va., May 24, 2016 /PRNewswire/ -- Edelman Financial Services, one of the nation's largest independent financial planning and investment management firms,1 has named Ryan Parker its Chief Executive Officer. Parker will join Ric Edelman, the firm's founder and Executive Chairman, in establishing the firm's strategic direction as it continues to expand its client base across the country. Parker will also lead the daily operations of the firm, which manages $16 billion for more than 30,000 individuals and families.2
"We are thrilled to welcome Ryan," said Ric Edelman. "He is a proven financial executive and will be instrumental in helping us preserve our client focus as we continue to grow." By turning over executive duties to Parker, Edelman will be able to focus on the financial education and advice. "My wife Jean and I created the firm 30 years ago," Edelman said, "but as the firm has grown, more of my time has been diverted to management activities. Ryan's addition will enable me to focus on what matters most: our clients." Edelman added, "We want to reach as many people as we can, to help them build and maintain a secure financial future for themselves and their families."
A veteran executive with 18 years' experience in the financial services industry, Parker most recently was Managing Director, Investment and Planning Solutions at LPL Financial. In that role, he led the sales, marketing, product management and sponsor relations functions in support of over 14,000 independent advisors and 700 financial institutions. Prior to LPL, Parker worked at Russell Investments, Franklin Templeton Investments and Putnam Investments. He holds a Bachelor of Arts in political science from the University of Michigan at Ann Arbor.
"Ric, Jean and the entire Edelman Financial team have built a firm with an important mission. I am very passionate about helping people achieve their financial goals and excited to guide the organization's continued growth and success across the country," said Parker. He starts at the firm on June 20.
Edelman Financial has 125 financial planners, has added 15 to the firm so far this year and seeks to add 35 more.
About Edelman Financial Services
Edelman Financial Services provides financial planning and investment management services to more than 30,000 individuals and families and manages $16 billion in assets.2 The firm also provides 401(k) plans and institutional investment management for businesses. EFS has won more than 100 financial, business, community and philanthropic awards.3 For investment advice and other financial planning services, or to speak with an advisor, call 888-PLAN-RIC (888-752-6742) or visit www.RicEdelman.com.
Ric Edelman, Chairman and CEO of Edelman Financial Services, LLC, a Registered Investment Advisor, is an Investment Advisor Representative who offers advisory services through EFS and is a Registered Representative and Registered Principal of, and offers securities through, EF Legacy Securities, LLC, an affiliated broker/dealer, member FINRA/SIPC.
1WealthManagement.com's "Top 100 RIAs of 2015" ranking was assembled using data from Meridian-IQ. Advisory firms are ranked by total assets under management. To land on the list, firms had to have a focus on financial and retirement planning for individual and high-net-worth clients. And institutional clients do not make up a substantial portion of their businesses. Finally, none of these firms are owned by a bank, broker/dealer or investment company. Investor experience/returns were not considered as part of this ranking. Edelman Financial Services Ranked 3rd.
2As of 3/31/16
3Throughout the firm's 30 year history, EFS and Ric Edelman have been presented with more than 100 business, advisory, communication and community service awards. A complete list of awards won can be requested by contacting the firm at (888)-PLAN-RIC.
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SOURCE Edelman Financial