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.
Ric Edelman | |
|---|---|
 | |
| Born | May 28, 1958[1] |
| Education | Rowan University |
| Occupation(s) | Financial advisor, media personality |
| Television | The Truth About Money with Ric Edelman[3][4] |
| Spouse | Jean Edelman[5] |
| Website | www |
Early life and education
editEdelman 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
editRic 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
editIn 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
editJean 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
edit- 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
edit- ^ "Edelman, Ric 1958–". Encyclopedia.com. Retrieved June 26, 2020.
- ^ 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.
- ^ "The Truth About Money with Ric Edelman". IMDB. Retrieved June 11, 2020.
- ^ Robinson, Jennifer (March 24, 2017). "Ric Edelman's The Truth About Retirement". KPBS. Retrieved June 11, 2020.
- ^ a b Wenik, Ian (June 27, 2018). "'We will see a $1trn RIA': Ric Edelman is taking advice mainstream". Citywire. Retrieved May 26, 2020.
- ^ "Fredric Mark Edelman: Executive Profile & Biography". Bloomberg.com. Bloomberg L.P. June 2023.
- ^ "The Ric Edelman Show". Edelman Financial Engines. Retrieved January 25, 2021.
- ^ 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.
- ^ "Part 2A of Form ADV: Firm Brochure" (PDF). Edelman Financial Engines. March 30, 2020. p. 4. Retrieved April 15, 2021.
- ^ Thrasher, Michael (January 23, 2020). "Edelman Financial Engines Names Head of $40 Billion, 320-Advisor Retail Business". RIA Intel. Retrieved April 15, 2021.
- ^ "Edelman Financial And Financial Engines Complete Merger". November 6, 2018. Retrieved November 29, 2018.
- ^ 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.
- ^ Hallez, Emile (June 7, 2021). "Ric Edelman to step down as chairman of Edelman Financial Engines". InvestmentNews. Retrieved July 2, 2021.
- ^ "Paperback Best Sellers: July 29, 2001". The New York Times. July 29, 2001. Retrieved January 26, 2021.
- ^ McGee, Suzanne (August 25, 2012). "Top 100 Independent Advisors". Barron's. Retrieved June 9, 2013.
- ^ "Barron's Advisor Hall of Fame". Barron's. October 25, 2019. Retrieved June 26, 2020.
- ^ "Edelmans Donate $1 Million to Nursing Program". Inside NoVa. February 10, 2008. Retrieved June 26, 2020.
- ^ Bader, Emily (February 14, 2020). "Rowan University renames creative arts school". ROI-NJ. Retrieved August 9, 2020.
- ^ 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.
- ^ "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.