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RIA comparison · SEC Form ADV

Edelman Financial Engines vs IEQ Capital, LLC

Two independent wealth managers side by side: assets, clients, staff, services and fees, from each firm’s own filing.

The short answer

Edelman Financial Engines is the larger of the two, with $326B in regulatory assets to $57B at IEQ Capital, LLC, 5.7 times the size of its rival, by their latest Form ADV filings. Edelman Financial Engines reports more individual clients (477,170 vs 2,300), while IEQ Capital, LLC’s clients hold more on average (about $25 million each against $380,000). Both are based in California: Edelman Financial Engines in Santa Clara and IEQ Capital, LLC in Foster City.

FigureEdelman Financial EnginesIEQ Capital, LLC
Regulatory AUM$326B$57B
National rank#3#18
HeadquartersSanta Clara, CaliforniaFoster City, California
Individual clients477,1702,300
High-net-worth clients45,6562,300
Average client assets$380,000$25 million
Accounts1,517,1562,309
Discretionary100% of AUM81% of AUM
Employees1,679266
Advisory staff553193
Clients per advisory employee86312
Offices13220
Form ADV filed2026-07-242026-06-09

Edelman Financial Engines

Full profile →

Services

  • Financial planning
  • Portfolio management for individuals and small businesses
  • Portfolio management for businesses and institutions
  • Pension consulting
  • Selecting other advisers
  • Periodicals or newsletters
  • Educational seminars and workshops

How it’s paid

  • A percentage of assets under management
  • Hourly charges
  • Subscription fees
  • Fixed fees
  • Other

IEQ Capital, LLC

Full profile →

Services

  • Financial planning
  • Portfolio management for individuals and small businesses
  • Portfolio management for businesses and institutions
  • Pension consulting
  • Selecting other advisers
  • Educational seminars and workshops

How it’s paid

  • A percentage of assets under management
  • Fixed fees

Questions

Which is bigger, Edelman Financial Engines or IEQ Capital, LLC?

Edelman Financial Engines, with $326B in regulatory assets under management against $57B at IEQ Capital, LLC. Nationally they rank #3 and #18 among 5,657 independent wealth management RIAs.

How many clients do Edelman Financial Engines and IEQ Capital, LLC have?

Edelman Financial Engines reports 477,170 individual clients (45,656 high-net-worth) with 553 advisory employees; IEQ Capital, LLC reports 2,300 (2,300 high-net-worth) with 193 advisory employees.

How do Edelman Financial Engines and IEQ Capital, LLC charge clients?

Only Edelman Financial Engines lists hourly charges; subscription fees; other forms of compensation on Form ADV. Fee schedules and minimums are in each firm’s Form ADV Part 2A brochure.

What services do Edelman Financial Engines and IEQ Capital, LLC offer?

Edelman Financial Engines lists periodicals or newsletters, which IEQ Capital, LLC does not. Both offer financial planning; portfolio management for individuals and small businesses; portfolio management for businesses and institutions; pension consulting; selecting other advisers; educational seminars and workshops.

More comparisons

Where these numbers come from

Every figure is the firm’s own answer on its latest Form ADV, from the SEC’s registered-adviser list as of October 1, 2026: regulatory assets and accounts (Item 5.F), clients by type (5.D), employees (5.A and 5.B), compensation (5.E) and services (5.G). Average client assets divide the assets held for individual and high-net-worth clients by their number. Ranks compare each firm with all US-based independent wealth management RIAs, the same field as The Largest RIAs. Figures can lag recent deals and market moves.

Not an endorsement or a recommendation of either firm. Before hiring an adviser, read its Form ADV Part 2A brochure and check its record on the SEC’s adviser search: Edelman Financial Engines ↗, IEQ Capital, LLC ↗. How to check a financial advisor →