Edelman acquires $210 million California RIA

Edelman acquires $210 million California RIA
Erman Retirement Advisory, which was founded in 2000 by Howard Erman, serves more than 200 clients.
DEC 14, 2022

Edelman Financial Engines, a national RIA firm managing $227 billion, has acquired Erman Retirement Advisory, a Seal Beach, California-based registered investment adviser managing $210 million.

Founded in 2000 by Howard Erman, the firm serves more than 200 clients, Edelman Financial Engines said in a press release Wednesday.

The acquisition of Erman Retirement follows that of Herrmann & Cooke in October, continuing Edelman Financial Engines' expansion into the California market. Edelman Financial Engines also acquired Smart Investor in August, which added to its small business retirement plan capabilities.

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