Ric Edelman

Not to be confused with Rick Adelman.

Ric Edelman
Ric Edelman, founder and board member, Edelman Financial Engines
Born (1958-05-28) May 28, 1958 (age 66)[1]
Philadelphia, Pennsylvania[2]
EducationRowan University
Occupation(s)Financial advisor, media personality
TelevisionThe Truth About Money with Ric Edelman[3][4]
SpouseJean Edelman[5]
Websitewww.edelmanfinancialengines.com/ric-edelman-radio

Fredric Mark "Ric" Edelman[6] is an American investor and author. He is the founder of Edelman Financial Services (later, Edelman Financial Engines), the author of several personal finance books, and the host of a weekly personal finance talk radio show called The Ric Edelman Show.[7] Edelman was also the host of the public television show The Truth About Money with Ric Edelman.

Early life and education

Edelman grew up in Cherry Hill, New Jersey.[2] He majored in communications at Rowan University (then Glassboro State College), where he met his wife Jean.[8] He began his career as a reporter for McKnight Publications from 1980 to 1986.[5]

Business career

Ric and Jean Edelman co-founded Edelman Financial Services, a financial advisory firm, in 1986.[9][10] Edelman sold a majority stake of Edelman Financial Services to Sanders Morris Harris Group in 2005.[2] The group merged with Financial Engines to form Edelman Financial Engines in 2018. Ric Edelman sits on the board, where until June 2021 he oversaw financial education and client experience.[11][12][13]

Recognition

In July 2001, Edelman's book Ordinary People, Extraordinary Wealth appeared at #1 in the paperback "Advice, How-to and Miscellaneous" category of the New York Times Best Seller list.[14] Barron's ranked Edelman the #1 Independent Financial Advisor in the United States in 2012.[15] In 2019, Barron's added Edelman to its Financial Advisors Hall of Fame.[16]

Personal life

Jean and Ric Edelman founded the Edelman Nursing Career Development Center in partnership with Inova Health System in 2001, and donated $1 million to the program in 2008.[17]

Rowan University renamed its creative arts school the Ric Edelman College of Communications & Creative Arts in February 2020[18][19] and named him a "Distinguished Lecturer".[20] Edelman donated $25 million to Rowan for its Edelman Fossil Park and the development of a museum.

Books

  • The Truth About Money with Ric Edelman (1997)
  • The New Rules of Money (1998)
  • Ordinary People, Extraordinary Wealth (2001)
  • What You Need to Do Now (2001)
  • Discover the Wealth Within You (2003)
  • The Lies About Money (2007)
  • Rescue Your Money (2009)
  • The New Rules of Money (2010)
  • The Truth About Retirement Plans and IRAs (2014)
  • The Truth About Your Future (2017)
  • The Squirrel Manifesto (2018), co-written with his wife Jean Edelman
  • The Truth About Crypto (2022)

References

  1. ^ "Edelman, Ric 1958–". Encyclopedia.com. Retrieved June 26, 2020.
  2. ^ a b c Wollman Rusoff, Jane (May 12, 2014). "Ric Edelman: What's Wrong With IRAs, 401(k)s, and the Industry That Sells Them". ThinkAdvisor. Retrieved May 29, 2020.
  3. ^ "The Truth About Money with Ric Edelman". IMDB. Retrieved June 11, 2020.
  4. ^ Robinson, Jennifer (March 24, 2017). "Ric Edelman's The Truth About Retirement". KPBS. Retrieved June 11, 2020.
  5. ^ a b Wenik, Ian (June 27, 2018). "'We will see a $1trn RIA': Ric Edelman is taking advice mainstream". Citywire. Retrieved May 26, 2020.
  6. ^ "Fredric Mark Edelman: Executive Profile & Biography". Bloomberg.com. Bloomberg L.P. June 2023.
  7. ^ "The Ric Edelman Show". Edelman Financial Engines. Retrieved January 25, 2021.
  8. ^ Romalino, Carly Q. (November 14, 2019). "Need college tuition help? Rowan unveils a $10M endowment for communications, creative arts scholarships". The Courier-Post. Retrieved May 29, 2020.
  9. ^ "Part 2A of Form ADV: Firm Brochure" (PDF). Edelman Financial Engines. March 30, 2020. p. 4. Retrieved April 15, 2021.
  10. ^ Thrasher, Michael (January 23, 2020). "Edelman Financial Engines Names Head of $40 Billion, 320-Advisor Retail Business". RIA Intel. Retrieved April 15, 2021.
  11. ^ "Edelman Financial And Financial Engines Complete Merger". November 6, 2018. Retrieved November 29, 2018.
  12. ^ Din, Suleman; Paikert, Charles; Allocca, Sean (April 30, 2018). "$3B deal of Edelman, Financial Engines puts other RIAs in the hot seat". Financial Planning. Retrieved June 11, 2020.
  13. ^ Hallez, Emile (June 7, 2021). "Ric Edelman to step down as chairman of Edelman Financial Engines". InvestmentNews. Retrieved July 2, 2021.
  14. ^ "Paperback Best Sellers: July 29, 2001". The New York Times. July 29, 2001. Retrieved January 26, 2021.
  15. ^ McGee, Suzanne (August 25, 2012). "Top 100 Independent Advisors". Barron's. Retrieved June 9, 2013.
  16. ^ "Barron's Advisor Hall of Fame". Barron's. October 25, 2019. Retrieved June 26, 2020.
  17. ^ "Edelmans Donate $1 Million to Nursing Program". Inside NoVa. February 10, 2008. Retrieved June 26, 2020.
  18. ^ Bader, Emily (February 14, 2020). "Rowan University renames creative arts school". ROI-NJ. Retrieved August 9, 2020.
  19. ^ Rothauser, Corey (February 12, 2020). "Rowan University approves name change for Ric Edelman College of Communication & Creative Arts". The Whit Online. Retrieved August 9, 2020.
  20. ^ "Rowan alumni Jean and Ric Edelman commit $25 million for University's Fossil Park". Rowan University. October 17, 2016. Archived from the original on October 14, 2017. Retrieved March 18, 2019.