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.
Eliseo Prisno, a former Merrill advisor, allegedly collected unapproved fees from Filipino clients by secretly accessing their accounts at two separate brokerages.
The Harford, Connecticut-based RIA is expanding into a new market in the mid-Atlantic region while crossing another billion-dollar milestone.
The Wall Street giant's global wealth head says affluent clients are shifting away from America amid growing fallout from President Donald Trump's hardline politics.
Chief economists, advisors, and chief investment officers share their reactions to the June US employment report.
"This shouldn’t be hard to ban, but neither party will do it. So offensive to the people they serve," RIA titan Peter Mallouk said in a post that referenced Nancy Pelosi's reported stock gains.
Orion's Tom Wilson on delivering coordinated, high-touch service in a world where returns alone no longer set you apart.
Barely a decade old, registered index-linked annuities have quickly surged in popularity, thanks to their unique blend of protection and growth potential—an appealing option for investors looking to chart a steadier course through today's choppy market waters, says Myles Lambert, Brighthouse Financial.
