User:MaryGaulke/sandbox/Ric Edelman mockup

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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 65)[1]
Philadelphia, Pennsylvania[2]
EducationBachelor's degree in Communications, Rowan University, 1980[3]
Occupation(s)Founder and board member, Edelman Financial Engines[4]
TelevisionThe Truth About Money with Ric Edelman[5][6]
SpouseJean Edelman[7]
Websitewww.edelmanfinancialengines.com/ric-edelman-radio

Fredric Mark "Ric" Edelman[8] is the founder of Edelman Financial Engines, the author of 10 personal finance books and the host of a weekly personal finance talk radio show called The Ric Edelman Show.[9] Edelman was also the host of the public television show The Truth About Money with Ric Edelman. Edelman is the founder of the RIA Digital Assets Council[10] and the Funding Our Future Coalition, with the Bipartisan Policy Center.[11]

Edelman Financial Engines[edit]

Ric and Jean Edelman co-founded Edelman Financial Services, a financial advisory firm, in 1987.[12] He was chairman of the company from 1987 to 2018.[7] Edelman sold a majority stake of Edelman Financial Services to Sanders Morris Harris Group, a wealth management firm, in 2005.[2] In 2015, private equity firm Hellman & Friedman became the majority owner of Edelman Financial Services.[13] In 2018, Hellman & Friedman merged Edelman Financial Services with another firm, Financial Engines, to form Edelman Financial Engines.[14][15] Ric Edelman took up a position on the board of the combined firm, where he oversees financial education and client experience.[16]

Industry recognition[edit]

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.[17] Edelman was ranked the #1 Independent Financial Advisor in the United States by Barron’s in 2009, 2010, and 2012.[18] In 2016, Forbes ranked Edelman among the top 10 wealth advisors in America.[19][20] In 2019, Barron's added Edelman to its Financial Advisors Hall of Fame.[21] Also in 2019, InvestmentNews named Edelman to its list of "20 people who helped shape the financial planning industry"[22] and Investopedia named Edelman one of its top 100 financial advisors.[23] The editors of Talkers Magazine ranked Edelman #69 in its 2020 "Heavy Hundred" list of the most important radio talk show hosts in America.[24][25]

Personal life[edit]

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.[3] He began his career as a reporter for McKnight Publications from 1980 to 1986.[7]

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.[26] The Edelmans donated $1 million to Rowan University towards the Edelman Planetarium on campus in 2002.[27] In October 2016, the Edelmans donated $25 million to the Edelman Fossil Park at Rowan University.[28][27] Rowan university also named Edelman a "Distinguished Lecturer".[28] The Edelmans donated another $10 million to Rowan University's endowment in 2019, earmarked for tuition aid for students.[3] Rowan University renamed its creative arts school the Ric Edelman College of Communications & Creative Arts in February 2020.[29][30]

In January 2020, Ric and Jean Edelman pledged $1 million towards the production of a documentary about Alzheimer's disease research.[31] During the early stages of the 2020 coronavirus pandemic, the couple made a donation to cover the cost of flying N95 masks to New Jersey to be distributed to area hospitals.[32]

Books authored[edit]

  • The Truth About Money with Ric Edelman (1997)
  • Ordinary People, Extraordinary Wealth (2001)
  • What You Need to Do Now (2001), a financial planning book written in response to the events of September 11, 2001[33]
  • 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 wife Jean Edelman[34]

References[edit]

  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. ^ a b c 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.
  4. ^ Garmhausen, Steve (January 17, 2020). "Ric Edelman: A Scaled-Up Gadfly". Barron's. Retrieved June 18, 2020.
  5. ^ "The Truth About Money with Ric Edelman". IMDB. Retrieved June 11, 2020.
  6. ^ Robinson, Jennifer (March 24, 2017). "Ric Edelman's The Truth About Retirement". KPBS. Retrieved June 11, 2020.
  7. ^ a b c Wenik, Ian (June 27, 2018). "'We will see a $1trn RIA': Ric Edelman is taking advice mainstream". Citywire. Retrieved May 26, 2020.
  8. ^ "Fredric Mark Edelman: Executive Profile & Biography". Bloomberg.com. Bloomberg L.P.
  9. ^ "Ric Edelman Show". SyndicatedSolutions.com. Syndicated Solutions, Inc. Archived from the original on March 22, 2017.
  10. ^ Voros, Drew (September 27, 2019). "Edelman: Advisors Blind To Digital Assets". ETF.com. Retrieved July 3, 2020.
  11. ^ Waddell, Melanie (August 27, 2018). "Ric Edelman: Retirement Crisis Is 14 Years Away". ThinkAdvisor. Retrieved July 3, 2020.
  12. ^ Caffrey, Michelle (October 17, 2016). "$25M gift to transform Rowan University's fossil park into 'world-class destination'". Philadelphia Business Journal. Retrieved June 11, 2020.
  13. ^ Wursthorn, Michael (October 12, 2015). "Controlling Stake in Edelman Financial Sold". The Wall Street Journal. Retrieved June 26, 2020.
  14. ^ "Edelman Financial And Financial Engines Complete Merger". Retrieved November 29, 2018.
  15. ^ "Hellman & Friedman LLC to Become Majority Owner of Edelman Financial Services". Retrieved November 29, 2018.
  16. ^ 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.
  17. ^ "PAPERBACK BEST SELLERS: July 29, 2001". The New York Times. July 29, 2001. Retrieved August 9, 2020.
  18. ^ McGee, Suzanne (August 25, 2012). "Top 100 Independent Advisors". Barron's. Retrieved June 9, 2013. Ric Edelman, of Fairfax, Va.-based Edelman Financial Services, moved up from No. 2 to grab the top spot
  19. ^ "America's Top Wealth Advisors 2016". Forbes. 2016. Retrieved July 3, 2020.
  20. ^ Shook, R.J. (August 3, 2016). "Methodology: America's Top Wealth Advisors". Forbes. Retrieved July 3, 2020.
  21. ^ "Barron's Advisor Hall of Fame". Barron's. October 25, 2019. Retrieved June 26, 2020.
  22. ^ "Financial Planning Founders Started a Movement — and Created a Profession". InvestmentNews. September 14, 2019. Retrieved June 26, 2020.
  23. ^ "Investopedia 100 Top Financial Advisors of 2019". Investopedia. 2019. Retrieved August 22, 2020.
  24. ^ "2020 Talkers Heavy Hundred • 51-75". Talkers Magazine. 2020. Retrieved August 9, 2020.
  25. ^ "About Ric Edelman". Edelman Financial Engines. Retrieved September 29, 2020.
  26. ^ "Edelmans Donate $1 Million to Nursing Program". Inside NoVa. February 10, 2008. Retrieved June 26, 2020.
  27. ^ a b D'Amico, Diane (October 17, 2016). "Alumni donate $25 million to Rowan Fossil Park". The Press of Atlantic City. Retrieved July 8, 2020.
  28. ^ a b "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.
  29. ^ Bader, Emily (February 14, 2020). "Rowan University renames creative arts school". ROI-NJ. Retrieved August 9, 2020.
  30. ^ 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.
  31. ^ Donachie, Patrick (January 2, 2020). "Edelman Founders and Firm Pledge Millions for Alzheimer's Documentary". Wealth Management. Retrieved August 9, 2020.
  32. ^ DeMarco, Jerry (April 7, 2020). "NJ Couple Cover Cost Of Flying In 7,400 N-95 Respirators From CA To Teterboro". Hackensack Daily Voice. Retrieved June 11, 2020.
  33. ^ Gladstone, Rick (October 7, 2011). "Private Sector; Giving New Meaning to a Book Rush". The New York Times. Retrieved August 22, 2020.
  34. ^ "Best-Selling Books from Ric Edelman". Edelman Financial Engines. Retrieved June 11, 2020.

External links[edit]

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