DFX Intelligence

RIA Intelligence

Registered investment advisers, the advisors registered through them, the capital they report, the private vehicles they run and the people who own them, as a graph with a filing date behind every number. RAUM is what the adviser filed, a move is two registration dates, and a class is a rule you can read.

Former SEC-registered adviser

Edelman Financial Services, LLC

Former SEC-registered adviserFairfax, VirginiaCRD 113299SEC 801-64567IAPD
Latest filing Aug 18, 2018
First filing on the tape Mar 30, 2012 · 29 filings
RAUM
$22B
reported, Item 5.F
Discretionary
100%
of RAUM
Private clients
98%
$21B individuals and HNW
Advisors
0
registered through the firm on IAPD
RAUM per advisor
n/a
derived; firm RAUM over IAPD count
Employees
434
232 advisory (5.B.1)
Offices
42
beyond the principal office
Private funds
0
reported on Schedule D
History
29 filings and snapshots on the tape
RAUM$22B as of Mar 30, 2018
Mar 30, 2012$7.1B then
HNW client RAUM: $12B
State-registered IARs (5.B.3)293 as of Mar 30, 2018
Apr 1, 2013153 then
Employees (5.A)435 as of Mar 30, 2018
Apr 1, 2013306 then
Private funds: no history
RAUM +22% over the last fiscal year+15% a year over threeIARs 289 to 293
Practice profile
derived from the filing of Aug 18, 2018; every figure names its basis
RAUM per advisor
$74.2MderivedRAUM over IAPD advisors; not a book size
Clients per advisor
121derivedindividual and HNW clients (5.D) over advisors
Average HNW client
$1.9MderivedHNW RAUM over HNW clients
Average account
$252,931derivedRAUM over accounts (5.F.2.f)
Discretionary
100%derivedof RAUM
Institutional
1.9%derivedpensions, charities, corporations, government, insurance, banks, other advisers
Employees per advisor
1.5derivedItem 5.A over advisors
Advisors per office
6.8derived43 offices incl. principal (1.F.5)
RAUM growth, one year
+22%derivedbetween the last two annual amendments
Advisor growth, one year
+1.4%derivedItem 5.B.3 between annual amendments
Client growth, one year
unknownderived
Compensation
percentage of assets, fixed fees, subscription, otherreportedItem 5.E
Advisory activities
financial planning, portfolio management for individuals, portfolio management for businesses and institutions, pension consulting, publications, educational seminarsreportedItem 5.G
Financial planning clients
35,500reportedItem 5.H
Wrap fee program
$22BreportedItem 5.I
Custody
$10.0B, 19,770 clientsreportedItem 9.A
Ownership
no PE, bank or public-company owner found on Schedule Aderived
Advisor book size
not public; not estimatedreported
Also answered yes on Form ADV
  • is an insurance broker or agent (6.A.6)
  • buys or sells securities as principal to or from clients (8.A.2)
  • has discretionary authority over which securities are bought or sold (8.C.1)
  • receives research or other products from a broker-dealer, soft dollars (8.E)
  • compensates persons for client referrals (8.G.1)
  • compensates non-employees for client referrals (8.G.2)
  • has custody of client cash or bank accounts (9.A.1.a)
  • has custody of client securities (9.A.1.b)
Where the RAUM sits
Form ADV Item 5.D, latest filing
  • High-net-worth individuals$12B56%
  • Individuals$9.2B42%
  • Pension and profit-sharing plans$356M1.6%
  • Charitable organizations$50.0M0.2%
  • Corporations and businesses$34.5M0.2%
Individual clients
29,214reported
HNW clients
6,241reported
Pension plan clients
186reported
Charitable clients
35reported
Accounts
85,909reported
Financial planning clients
35,500reported
Wrap fee programs
$0 sponsored, $0 managedreported
Custody of client assets
$10.0B for 19,770 clientsreported
Compensation
% of AUM, fixedreported
Class basis
absent from the latest SEC rosterderived
Advisors registered through the firm
0 on IAPD today, longest tenure first
No representative is registered through this CRD on IAPD.
Advisor movement
Left, latest
Joined, latest
Every departureEvery arrival
Teams: two or more advisors moving together within fourteen days, from one state
    Teams outTeams in
    Private funds
    No private fund reported.
    Owners and control persons
    Schedule A and B, latest filing
    • Mark Fredric Edelman · Executive Chairmancontrol
      since 12/2015 · owns less than 5%
    • Patrick William Hayes · General Counselcontrol
      since 06/2013 · owns less than 5%
    • David Jon Isaacson · Chief Financial Officercontrol
      since 11/2017 · owns less than 5%
    • Philip Edward Moore · Presidentcontrol
      since 05/2005 · owns less than 5%
    • Christopher Ryan Parker · Chief Executive Officercontrol
      since 06/2016 · owns less than 5%
    • Adele Christine Cataldo · Chief Operations And Technology Officer
      since 12/2016 · owns less than 5%
    • Rainey Leven Gray · Interim Chief Compliance Officer
      since 01/2017 · owns less than 5%
    Entity owners
    • The Financial Engines Edelman Center, LLC · Sole Managing Member Of Edelman Financial Services, LLC
      direct · owns 75% or more
    • Financial Engines Edelman Holdings I, LLC · Sole Stockholder
      indirect · owns 75% or more of Financial Engines Edelman Holdings II, Inc.
    • Financial Engines Edelman Holdings I, LLC · Managing Member
      indirect · owns 75% or more of Financial Engines Edelman Holdings III, LLC
    • Financial Engines Edelman Holdings II, Inc. · Managing Member
      indirect · owns 75% or more of Financial Engines Edelman Investments, LLC
    • Financial Engines Edelman Holdings III, LLC · Managing Member
      indirect · owns 75% or more of Financial Engines Edelman Holdings IV, LLC
    • Financial Engines Edelman Holdings IV, LLC · Managing Member
      indirect · owns 75% or more of The Financial Engines Edelman Center, LLC
    • Financial Engines Edelman Investments, LLC · Member
      indirect · owns 25% to 50% of Financial Engines Edelman Holdings III, LLC
    • Financial Engines Edelman, L.P. · Member Of Financial Engines Edelman I, LLC
      indirect · owns 75% or more of Financial Engines Edelman Holdings I, LLC
    • H&F Flight Gp, LLC · General Partner
      indirect · owns F of Financial Engines Edelman, L.P.
    Related persons
    Schedule D 7.A
    Offices
    Schedule D 1.F, the 25 largest
    • Richmond, VA40 employees
    • Alexandria, VA18 employees
    • Costa Mesa, CA15 employees
    • Burlington, MA14 employees
    • Bethesda, MD13 employees
    • Tempe, AZ12 employees
    • Oak Brook, IL12 employees
    • Paramus, NJ9 employees
    • Newton, MA9 employees
    • Silver Spring, MD8 employees
    • Walnut Creek, CA8 employees
    • Uniondale, NY8 employees
    • Columbus, OH8 employees
    • Ashburn, VA8 employees
    • Novi, MI8 employees
    • Troy, MI7 employees
    • Glenview, IL7 employees
    • Tysons Corner, VA7 employees
    • West Conshohocken, PA6 employees
    • Boca Raton, FL6 employees
    • New York, NY6 employees
    • Red Bank, NJ6 employees
    • White Plains, NY6 employees
    • Ellicott City, MD6 employees
    • Farmington, CT6 employees
    What changed
    consecutive filings, newest first
    • Related adviser · false to true
      Apr 9, 2018 to Aug 18, 2018
    • Employees · 435 to 434
      Mar 30, 2018 to Apr 9, 2018
    • Accounts · 85,125 to 85,909
      Jan 17, 2018 to Mar 30, 2018
    • Advisory employees · 216 to 232
      Jan 17, 2018 to Mar 30, 2018
    • BD registered reps · 391 to 390
      Jan 17, 2018 to Mar 30, 2018
    • Corporate clients · 21 to 22
      Jan 17, 2018 to Mar 30, 2018
    • HNW clients · 6,115 to 6,241
      Jan 17, 2018 to Mar 30, 2018
    • Individual clients · 29,116 to 29,214
      Jan 17, 2018 to Mar 30, 2018
    • Pension plan clients · 187 to 186
      Jan 17, 2018 to Mar 30, 2018
    • Assets in custody · unset to 9974336106.0
      Jan 17, 2018 to Mar 30, 2018
    • Custody of client assets · false to true
      Jan 17, 2018 to Mar 30, 2018
    • Employees · 431 to 435
      Jan 17, 2018 to Mar 30, 2018
    • State-registered IARs · 289 to 293
      Jan 17, 2018 to Mar 30, 2018
    • Discretionary RAUM · $21B to $22B
      Jan 17, 2018 to Mar 30, 2018
    • HNW RAUM · $12B to $12B
      Jan 17, 2018 to Mar 30, 2018
    • Individual RAUM · $9.1B to $9.2B
      Jan 17, 2018 to Mar 30, 2018
    • Pension RAUM · $348M to $356M
      Jan 17, 2018 to Mar 30, 2018
    • RAUM · $21B to $22B
      Jan 17, 2018 to Mar 30, 2018
    • Accounts · 76,781 to 85,125
      Mar 31, 2017 to Dec 22, 2017
    • Charity clients · unset to 35.0
      Mar 31, 2017 to Dec 22, 2017
    • Corporate clients · unset to 21.0
      Mar 31, 2017 to Dec 22, 2017
    • HNW clients · unset to 6115.0
      Mar 31, 2017 to Dec 22, 2017
    • Individual clients · unset to 29116.0
      Mar 31, 2017 to Dec 22, 2017
    • Pension plan clients · unset to 187.0
      Mar 31, 2017 to Dec 22, 2017
    • Other offices · unset to 42.0
      Mar 31, 2017 to Dec 22, 2017
    • Discretionary RAUM · $18B to $21B
      Mar 31, 2017 to Dec 22, 2017
    • HNW RAUM · unset to 11794026515.0
      Mar 31, 2017 to Dec 22, 2017
    • Individual RAUM · unset to 9134565190.0
      Mar 31, 2017 to Dec 22, 2017
    • Pension RAUM · unset to 347791116.0
      Mar 31, 2017 to Dec 22, 2017
    • RAUM · $18B to $21B
      Mar 31, 2017 to Dec 22, 2017
    • Wrap assets (manager) · unset to 0.0
      Mar 31, 2017 to Dec 22, 2017
    • Wrap assets (sponsor) · unset to 0.0
      Mar 31, 2017 to Dec 22, 2017
    • Accounts · 69,807 to 76,781
      Feb 13, 2017 to Mar 31, 2017
    • Advisory employees · 187 to 216
      Feb 13, 2017 to Mar 31, 2017
    • BD registered reps · 360 to 391
      Feb 13, 2017 to Mar 31, 2017
    • Employees · 397 to 431
      Feb 13, 2017 to Mar 31, 2017
    • State-registered IARs · 254 to 289
      Feb 13, 2017 to Mar 31, 2017
    • Discretionary RAUM · $15B to $18B
      Feb 13, 2017 to Mar 31, 2017
    • RAUM · $15B to $18B
      Feb 13, 2017 to Mar 31, 2017
    • Related adviser · true to false
      Feb 13, 2017 to Mar 31, 2017
    Signals
    No event on the tape.
    Across DFX
    shared identifiers only, never a name match
    No identifier-backed link to the venture, private equity, family office or sponsor graphs.
    Provenance
    Form ADV
    SEC filing data 2011 to 2024 and the monthly roster 2025 onreportedadviserinfo.sec.gov
    Advisors
    IAPD individual compilation feed, dailyreportedadviserinfo.sec.gov
    Class
    Former SEC-registered adviserderiveda rule over Items 5.D and 7.A
    RAUM per advisor
    n/aderivedfirm RAUM over the IAPD count; not a book size
    Loaded
    Sep 14, 2026