News, Vision & Voice for the Advisory Community


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

Author Lisa Shidler October 12, 2015 at 11:26 PM
no description available
Hellman & Friedman managing director Allen Thorpe was onboard during LPL's turbo-growth years.

Jeff Spears

Jeff Spears

October 13, 2015 — 5:24 PM

The third time will be a charm with the GREAT partners from Hellman & Friedman.

Stephen Winks

Stephen Winks

October 13, 2015 — 8:19 PM

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.

Stephen Winks

Related Moves

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

Mentioned in this article:

Park Sutton Advisors, LLC
Mergers and Acquisition Firm
Top Executive: Steven Levitt

ECHELON Partners
Consulting Firm
Top Executive: Daniel Seivert

RIABiz Directory

The Industry Sourcebook for RIAs

   |    LISTING

RIABiz Directory sponsored by:

Directory Sponsor Logo