Of the top 10 advisors, eight are with wirehouses, including Merrill Lynch, UBS and Morgan Stanley. Edelman and one other are the only advisors in the Top 10 who are independent. The other firm, according to Forbes, has a $5 million household minimum, and a typical account size of $20 million, suggesting that the firm has just 275 clients. Edelman Financial, by contrast, has a $5,000 household minimum. Founded 30 years ago, the firm now has $15.5 billion in assets under management, serving more than 30,000 families from 42 offices coast-to-coast.
"We serve thousands of millionaires and a great many more who simply want to get their kids through college, save for retirement and care for aging parents," Edelman said. "We're happy to serve them all, regardless of the amount they have to invest."
Forbes rankings are the opinion of SHOOK Research and are based on advisor interviews, client retention, industry experience, compliance record, assets under management and revenue generated for the firm. Investment performance is not considered. Advisors do not pay to be in the ranking.
About Ric Edelman
Providing financial advice for 30 years, Ric hosts radio and television shows that air weekly nationwide. He is also a #1 New York Times bestselling author who has written eight books on personal finance.
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 is an Investment Advisor Representative who offers advisory services through Edelman Financial Services, LLC, a Registered Investment Advisor. He is also a Registered Representative and Registered Principal of, and offers securities through, EF Legacy Securities, LLC, an affiliated broker/dealer, member FINRA/SIPC.
1According to Barron's, "The formula [used] to rank advisors has three major components: assets managed, revenue produced and quality of the advisor's practice. Investment returns are not a component of the rankings because an advisor's returns are dictated largely by each client's risk tolerance. The quality-of-practice component includes an evaluation of each advisor's regulatory record." The rankings are based on the universe of applications submitted to Barron's. The selection process begins with a nomination and application provided to Barron's. Principals of Edelman Financial Services LLC self-nominated the firm and submitted quantitative and qualitative information to Barron's as requested. Barron's reviewed and considered this information, which resulted in the rankings on Aug. 27, 2012/Aug. 28, 2010/Aug. 31, 2009.
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