Ric Edelman

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Ric Edelman
Ric Edelman.jpg
Born (1958-05-28) May 28, 1958 (age 65) [1]
Philadelphia, Pennsylvania [2]
Education Rowan University
Occupation(s)Financial advisor, media personality
TelevisionThe Truth About Money with Ric Edelman [3] [4]
SpouseJean Edelman [5]
Website www.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.

Contents

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]

Books

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The Jean and Ric Edelman Fossil Park, located in Mantua Township, New Jersey, consists of a 66-million-year-old 6-inch (150 mm) bone bed set into a 65-acre (26 ha) former marl quarry. It is currently the only facility east of the Mississippi River that has an active open quarry for public Community Dig Days. Formed at the end of the Cretaceous Period during the Cretaceous-Paleogene extinction event, this rich fossil deposit is abundant in marine life which is indicative of the shallow sea that once covered the area that would become Southern New Jersey. The fossil park is undergoing renovations to become the site of the Jean and Ric Edelman Fossil Park Museum and will be available for school, scout, camp, and public programs once construction is complete. It is currently closed to the public and will reopen after the completion of the museum in 2023. The Jean and Ric Edelman Fossil Park is owned and operated by Rowan University in Glassboro, New Jersey thanks in part to a generous donation from Jean and Ric Edelman.

References

  1. ↑ "Edelman, Ric 1958-". Encyclopedia.com. Retrieved June 26, 2020.
  2. 1 2 3 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. 1 2 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.
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