Author David Bach teaming up with Ric Edelman

Will concentrate on educational activities via radio and TV programs. and other media.
AUG 28, 2014
Popular financial author David Bach is joining Edelman Financial Services as vice chairman. Ric Edelman will continue as chairman and chief executive of his eponymous firms. Edelman Financial has 24,000 clients nationwide and more than $12.75 billion in assets under management. The firm added 4,500 clients last year and is projected to do the same this year. “I have long been an admirer of David,” Mr. Edelman said in a statement. “We know that as a team we can reach more people and give them the education and planning services they need to help them enjoy a more secure financial future.” Mr. Bach will have a key role in the firm's educational activities, which include weekly radio and television programs, frequent media interviews, and hundreds of seminars. “Teaming with Ric now is a professional thrill as it allows me to leverage my experience and financial education platform to reach more people and connect them nationwide to this premier advisory firm,” Mr. Bach said in a statement. Mr. Edelman has written eight books, and two of them — "The Truth About Money" (HarperCollins, 2005) and "The Lies About Money" (Simon and Schuster, 2008) — earned him “book of the year” awards by the Institute for Financial Literacy. Mr. Bach has authored 12 consecutive bestsellers including the "The Automatic Millionaire" (Crown Business, 2005) and "Start Late, Finish Rich" (Crown Business, 2005). The two plan to develop more financial education content that addresses financial challenges facing Americans, which they'll distribute via broadcast, print, digital and stage. They will deliver practice management training and consulting services for financial advisers to help them improve their practices and services they provide to clients. They plan to recruit hundreds of advisers nationwide to join the firm's 35 offices or manage new ones that the firm opens.

Latest News

Mesirow acquires part of flexPATH in second retirement deal of 2026
Mesirow acquires part of flexPATH in second retirement deal of 2026

Chicago-based Mesirow Fiduciary Solutions adds flexPATH's plan-level outsourced fiduciary book, boosting its retirement market reach to $164 billion.

Advisor moves: LPL lands $350M veteran advisor duo in Florida
Advisor moves: LPL lands $350M veteran advisor duo in Florida

Also, Raymond James's employee advisor channel adds breakaways from Wells Fargo and Stifel, while UBS welcomes an ex-Morgan Stanley duo in Indiana.

SEC accuses crypto firm founder of running $425 million Ponzi scheme
SEC accuses crypto firm founder of running $425 million Ponzi scheme

It promised guaranteed principal and 10% monthly returns. The SEC says it invested nothing.

MassMutual Ascend tops $2 billion in RIA annuity sales as advisors warm to income products
MassMutual Ascend tops $2 billion in RIA annuity sales as advisors warm to income products

Ten years after entering the fee-based annuity market, MassMutual Ascend says nearly half its lifetime sales came in the past two years alone – but barriers remain among fee-only advisors.

Fintech bytes: Wealth tech firms target advisor productivity with new integrations
Fintech bytes: Wealth tech firms target advisor productivity with new integrations

Amplify, WealthReach, Zeplyn and Zocks have unveiled partnerships aimed at automating portfolio management, content creation, account opening, and client communication.

SPONSORED Direct indexing webinar targets tax-loss harvesting amid market swings

Northern Trust’s Ken Lassner shows advisors how to convert volatility into after-tax portfolio gains

SPONSORED Who builds the income when the pension disappears?

Dan Biagini of American Equity says the steady decline of pensions, longer lifespans and a reset in interest rates are rewriting how advisors build retirement income