Why the PE that helped take LPL public now controls Edelman Financial and plans to invest more heavily
Hellman & Friedman has assumed lead-player status from Lee Equity Partners, the latest move in key-man Ric Edelman's uphill quest to make himself obsolete
Jeff Spears
The third time will be a charm with the GREAT partners from Hellman & Friedman.
Stephen Winks
The much anticipated innovation in advisory services in support of professional (fiduciary) standing that has long eluded Wall Street is ripe for the picking by Ric Edelman. As Harvard’s Clayton Christensen .counsels, the biggest mistake made when industry is faced with industry redefining innovation is looking at innovation in the context of their existing business model when a new business model is in order. There is no confusion or cultural conflict at Edelman concerning prudent process, advanced technology, work flow management or a more modern approach to portfolio construction. Look for great things to come in an industry where large scale institutionalized support for fiduciary duty has been slow in coming. Edelman is the classic disrupter that will win significant market share by advancing a far superior value proposition at prices difficult to match for high overhead/low value added brokerage firms.
SCW
Stephen Winks
Related Moves
Edelman Financial Engines new CEO will face challenges after AUM plummets $50 billion (since start of 2022) and DOL throws wrench in its business model, complicating efforts to convert robo-advised 401(k) assets to an 'Edelman' RIA
CEO Jay Shah must chart a new course after the 2018 merger of the radio superstar RIA and the 401(k) robo-advisor fails to yield invisioned growth.
July 11, 2023 at 2:46 AM
John Bunch is out at Financial Engines Advisors after merger integration 80% complete; 'big reveal,' relaunch planned in coming months
The No. 2 man at the $181-billion RIA built a uniform client experience, but now has a chance to be CEO of VC-backed firm based in his hometown
July 11, 2019 at 4:26 AM
Park Sutton Advisors, LLC
Mergers and Acquisition Firm
Top Executive: Steven Levitt
ECHELON Partners
Consulting Firm
Top Executive: Daniel Seivert
