Wealth manager, independent · Santa Clara, CA
Edelman Financial Engines
Financial Engines Advisors L.L.C. · SEC-registered investment adviser · CRD 104510 · SEC 801-55196
At a glance
Edelman Financial Engines is an SEC-registered investment adviser based in Santa Clara, California, with $326B in regulatory assets under management as of its Form ADV filed July 24, 2026. It reports 477,170 individual clients, 45,656 of them high-net-worth, holding an average of about $0.4 million each, and 1,679 employees. That ranks it 3rd among the nation’s 5,657 independent wealth management RIAs and 1st of 714 in California. It reports 5 custodians for its clients’ separately managed accounts: Fidelity Distributors Company, Charles Schwab, Vanguard, Alight Solutions and Voya Retirement Advisors.
Main office 833-752-6333edelmanfinancialengines.comLinkedInAs filed on Form ADV
- Regulatory AUM
- $326B
- Rank among independent wealth managers
- #3 of 5,657
- Rank among all SEC RIAs
- #79 of 17,210
- Rank in California
- #1 of 714
- Individual clients
- 477,170
- High-net-worth clients
- 45,656
- Accounts
- 1,517,156
- Discretionary
- 100% of AUM
- Employees
- 1,679
- Advisory staff
- 553
- Offices
- 132
Owners and executives on its Form ADV
- Neil GilfedderExecutive Vice President, Chief Investment Officer
- Ralph E. HaberliPresident and Chief Executive Officer
- Michael LierschExecutive Vice President, Chief Planning Officer
- Lewis E. AntoneEVP, Chief Legal and Risk Officer
- Steven M. GavenExecutive Vice President, Chief Financial Officer
- Elizabeth A. HansenVice President, Chief Compliance Officer
- Greg CorsoExecutive Vice President, Chief Marketing Officer
Custody and brokerage
5 custodians
- Fidelity Distributors Company$85B31%
- Charles Schwab$73B26%
- Vanguard$51B19%
- Alight Solutions$35B12%
- Voya Retirement Advisors$33B12%
Other RIAs using Fidelity Distributors CompanyOther multi-custodian RIAs
Broker-dealer
No broker-dealer ties
Edelman Financial Engines reports no employees registered with a broker-dealer and no affiliated broker-dealer.
Who it serves
| Client type | Clients | Regulatory AUM | Share |
|---|---|---|---|
| Other investment advisers | 766,796 | $146B | 45% |
| Individuals | 431,514 | $93B | 28% |
| High-net-worth individuals | 45,656 | $87B | 27% |
| Pension and profit sharing plans | 227 | $936M | <1% |
| Corporations or other businesses | 169 | $299M | <1% |
| Charitable organizations | 44 | $114M | <1% |
Disciplinary disclosures
Edelman Financial Engines reports no disciplinary disclosures in Item 11 of Form ADV. Read the details on the SEC’s adviser search ↗
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
Form ADV and brochures on the SEC’s adviser search ↗edelmanfinancialengines.com ↗Edelman Financial Engines news and profile →
AtlasMembers
The full record on Edelman Financial Engines
Ten years of SEC filings, its owners and contacts, and how it stacks up against its peers. Atlas members see all of it.
- Assets, accounts, clients and staff, ten years of filings
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- Growth over one, three and five years
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- Rank against 36 peers of its type and size
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- Owners and executives, with titles and stakes
- 7 namedLocked
- Main office, fax and compliance officer
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- Filing changes this year, with alerts
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Free while Atlas launches: create a free account and confirm your email. Every figure comes from SEC filings.
Similar-size RIAs in California
All of California →| Firm | Regulatory AUM | Clients |
|---|---|---|
| IEQ Capital, LLCFoster City | $57B | 2,300 |
| Beacon Pointe Advisors, LLCNewport Beach | $55B | 29,565 |
| EP Wealth AdvisorsTorrance | $45B | 19,618 |
| LidoLOS Angeles | $43B | 13,043 |
| Jordan Park Group LLCSAN Francisco | $23B | 163 |
| SeiaLOS Angeles | $23B | 9,520 |
Compare Edelman Financial Engines with
- Edelman Financial Engines vs Fisher Investments $387B · Plano, TX
- Edelman Financial Engines vs Vanguard Advisers, Inc. $345B · Malvern, PA
- Edelman Financial Engines vs Creative Planning $296B · Overland Park, KS
- Edelman Financial Engines vs Hightower Advisors, LLC $199B · Chicago, IL
- Edelman Financial Engines vs IEQ Capital, LLC $57B · Foster City, CA
Background
Questions
How much does Edelman Financial Engines manage?
Edelman Financial Engines reports $326B in regulatory assets under management across 1,517,156 accounts, 100% of it on a discretionary basis, on its Form ADV filed July 24, 2026.
How many clients does Edelman Financial Engines have?
It reports 477,170 individual clients: 45,656 high-net-worth individuals and 431,514 other individuals. Individuals account for about 55% of its regulatory assets.
Where is Edelman Financial Engines headquartered?
Its main office is in Santa Clara, California. It reports 132 offices in total and 1,679 employees, 553 of whom perform investment advisory functions.
How does Edelman Financial Engines charge clients?
On Form ADV it lists these forms of compensation: a percentage of assets under management; hourly charges; subscription fees; fixed fees; other. Fees and minimums are set out in its Form ADV Part 2A brochure, available on the SEC’s adviser search.
What custodian does Edelman Financial Engines use?
It reports 5 custodians for its clients’ separately managed accounts: Fidelity Distributors Company, Charles Schwab, Vanguard, Alight Solutions and Voya Retirement Advisors. On Schedule D of its Form ADV filed July 24, 2026, it reports these amounts held: Fidelity Distributors Company ($85B); Charles Schwab ($73B); Vanguard ($51B); Alight Solutions ($35B); Voya Retirement Advisors ($33B). Form ADV lists only custodians holding 10% or more of separately managed account assets.
Is Edelman Financial Engines a hybrid RIA with a broker-dealer?
Edelman Financial Engines reports no employees registered with a broker-dealer and no affiliated broker-dealer.
Is Edelman Financial Engines a fiduciary?
As an SEC-registered investment adviser, Edelman Financial Engines owes its advisory clients a fiduciary duty under the Investment Advisers Act of 1940, which includes duties of care and loyalty. It reports no employees who are registered representatives of a broker-dealer.
Where these numbers come from
Every figure is Edelman Financial Engines’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). Custodians come from Schedule D 5.K(3) of its latest filing (2026-07-24), which lists those holding 10% or more of separately managed account assets and the amount at each. “Hybrid” means some employees are also registered representatives of a broker-dealer (Item 5.B(2)); affiliated broker-dealers are the related persons it lists in Item 7.A and Schedule D. Firm type comes from its own answers: broker-dealer firms are registered broker-dealers themselves (Item 6.A); private fund advisers manage mostly private funds (Item 7.B, 5.D); wealth managers manage at least half their assets for individuals (5.D). Its national rank compares it with every US-based independent wealth management RIA, the same field as The Largest RIAs. Figures are as of the firm’s last annual update, so they can lag recent deals and market moves. Regulatory AUM counts assets the firm continuously supervises and can differ from what a firm markets.
Not an endorsement or a recommendation. Before hiring any adviser, read its Form ADV Part 2A brochure and check its record on the SEC’s adviser search. How to check a financial advisor →