For 30 years, Ric Edelman has worked to teach everyday people about personal finance. He’s widely regarded as one of the nation’s top financial advisors, having been named in 2016 among the country’s Top 10 Wealth Advisors by Forbes magazine,1 the nation’s #1 Independent Financial Advisor (three times) by Barron’s,2 and one of the “10 most influential figures” in the investment advisory field by RIABiz in 2013.3
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Ric is the 2017 recipient of the IARFC’s Loren Dunton Memorial Award, awarded to an individual who has made a substantial contribution to the financial services profession and/or the financial interests of the public.4 He is also a member of the Financial Advisor Hall of Fame, sponsored by Research magazine,5 has been named among the “15 most transformative people in the industry” by InvestmentNews,6 and has been voted by readers of Wealth Management as one of the “four most influential people in the financial services field.”7 Ric has appeared on three industry publication covers (Financial Advisor, April 2012; The Register, December 2011; and Real Assets Adviser, January 2017), and is a recipient of Ernst and Young’s Entrepreneur of the Year Award for Washington, D.C. (2001) and the U.S. Chamber of Commerce’s Blue Chip Enterprise Award (2000).
Ric is a Distinguished Lecturer at Rowan University, resident expert for Dr. Oz, and former columnist for Financial Advisor, INC.com and AARP.
Ric is also a #1 New York Times bestselling author. With more than 1 million copies collectively in print, his nine books on personal financehave been translated into several languages and educated countless people worldwide. The Truth About Money was recognized with an Excellence in Financial Literacy Education (EIFLE) Book of the Year Award from the Institute for Financial Literacy (March 2011),8 a Gold Medal Axiom Award (March 2012),9 an Apex Award (June 2011)10 and a Book of the Year designation by Small Press magazine (1997).11 The Lies About Money was awarded the Axiom Personal Finance Book of the Year (March 2008)12 and an EIFLE Award (October 2009).13 The Truth About Retirement Plans and IRAs is a #1 national best-seller.14 Ric rereleased his #1 best-seller, Rescue Your Money,15 which has been fully revised and updated to reflect today’s economy. His ninth book, The Truth About Your Future, was published in March 2017.
The Ric Edelman Show has been airing on the radio for more than 25 years and is heard throughout the country. Ric has been named among the top 100 talk shows hosts for four years by TALKERS magazine,16 which named him the 86th most important radio talk show host in America in 2017.17 Ric’s television series and specials, The Truth About Money, airs on Public Television stations across the U.S. and in Asia.
Ric publishes an award-winning 16-page monthly newsletter, offers free online personal finance education at RicEdelman.com and speaks frequently at industry conferences.
Ric has been featured in scores of articles, has interviewed on hundreds of radio stations and every major television network, and has been quoted by a vast range of newspapers and magazines. He has testified before Congress three times, has participated in an SEC Roundtable, and was appointed by Presidents Bill Clinton and George W. Bush as a delegate to all three National Summits on Retirement Savings.
Ric taught personal finance at Georgetown University for nine years and has guest lectured at Roger Williams University, George Washington University and Rowan University, where he was the first to be awarded the title of Distinguished Lecturer. He is also a state- and AICPA-approved instructor for continuing professional education and is a FINRA Arbitrator.
Ric graduated cum laude from Rowan University in 1980. The university bestowed upon him an honorary doctorate in 1999. In December 2012, Ric graduated from the Executive Program at Singularity University. Ric is on the advisory board of Rowan University’s College of Communication & Creative Arts, and in 2007 was inducted into the Rowan Public Relations Student Society Hall of Fame. The university named both its planetarium (2002) and fossil park (2016) after Ric and Jean Edelman in recognition of their financial support to the university. In 2003, Ric was named to the Honorable Order of the Kentucky Colonels.
Ric served for five years on the board of the United Way of the National Capital Area, including two years as Chairman. He serves on the Southeast Board of the Boys & Girls Clubs of America, is a member of the Boys & Girls Clubs of Greater Washington Foundation Board, served on the BGCGW Metropolitan Board of Directors for seven years and serves on the BGCGW Leadership Council. He is a Policy Board Member of the American Savings Education Council and is on the Foundation Board of Directors for the Wolf Trap Foundation for the Performing Arts, where he serves on the Executive Committee and is Chair of the Audit Committee. Ric formerly served on the boards of Junior Achievement of the National Capital Area and the Washington National Opera. Ric and Jean are benefactors of the Inova Edelman Center for Nursing at Inova Health Foundation and the Inova Center for Advanced Medical Simulation. They are also supporters of the Northern Virginia Therapeutic Riding Program, HEROES, the Make-A-Wish Foundation, the Leukemia & Lymphoma Society and other charities.
Ric and his wife, Jean, founded Edelman Financial Services to provide financial planning and investment management services to everyday people. Today, the firm’s 157 advisors serve more than 33,000 individuals and families from 43 offices coast-to-coast, managing more than $18.5 billion in assets.18 The firm also provides 401(k) plans and institutional investment management for businesses. EFS has won more than 100 financial, business, community and philanthropic awards.19 In 2016, EFS was ranked the #3 Top Independent Advisory Firm in the nation by Barron’s.20 Previously, it was named by Inc. magazine as one of the fastest growing, privately held financial planning firms in the country three years in a row.21
Ric and Jean live in the suburbs of Northern Virginia.
Ric Edelman, Executive Chairman of Edelman Financial Services, LLC, a Registered Investment Advisor, is an Investment Advisor Representative who offers advisory services through EFS and is a Registered Representative and Registered Principal of, and offers securities through, EF Legacy Securities, LLC, an affiliated broker/dealer, member FINRA/SIPC.
1Forbes rankings are the opinion of SHOOK Research and are based on advisor interviews, client retention, industry experience, compliance record, assets under management and revenue generated for the firm. Investment performance is not considered. Advisors do not pay to be in the ranking.
2According to Barron's, "The formula [used] to rank advisors has three major components: assets managed, revenue produced and quality of the advisor's practice. Investment returns are not a component of the rankings because an advisor's returns are dictated largely by each client's risk tolerance. The quality-of-practice component includes an evaluation of each advisor's regulatory record." The rankings are based on the universe of applications submitted to Barron's. The selection process begins with a nomination and application provided to Barron's. Principals of Edelman Financial Services, LLC self-nominated the firm and submitted quantitative and qualitative information to Barron's as requested. Barron's reviewed and considered this information, which resulted in the rankings on Aug. 27, 2012/Aug. 28, 2010/Aug. 31, 2009.
3The RIABiz listing of the 10 most influential figures in the Registered Investment Advisor industry is in recognition of notable, driven and influential executives who are advancing their firms and are considered to be influential in the RIA business. Investor experience/returns were not considered as part of this ranking.
4Presented by the International Association of Registered Financial Consultants (IARFC). Candidates must hold a professional designation and must have disseminated their comments on financial topics by having them widely published in articles, journals, books, etc. They must have provided outstanding personal service or leadership in the financial services industry. Nominees must have participated in some aspect of financial education to the public or to other members of the profession. Investor experience/returns were not considered.
5Research magazine cover story “Advisor Hall of Fame,” December 2004 (based on serving a minimum of 15 years in the industry, having acquired substantial assets under management, demonstrating superior client service and having earned recognition from peers and the broader community for how they reflect on their profession). Investor experience/returns were not considered as part of this ranking.
6InvestmentNews 15th Anniversary Issue. June 23, 2013
7WealthManagement Madness-March 2014
8In 2011 The Truth About Money 4th Edition received the Book of the Year Award from the Institute for Financial Literacy for Excellence in Financial Literacy Education. Each year, the Institute for Financial Literacy presents EIFLE Awards to individuals and organizations that have shown exceptional innovation, dedication and commitment to the field of financial literacy education.
9In March 2012 The Truth About Money 4th Edition was named Book of the Year by the Axiom Business Book Awards for earning the Gold Medal in the category of Personal Finance/Retirement Planning/Investing. This award was presented by Jenkins Group Inc., operators of IndependentPublisher.com.
10 In 2011 the Award for Excellence as a Book/eBook, from the APEX Awards for Publication Excellence, was issued to The Truth About Money 4th Edition. The Annual APEX Awards for Publication Excellence is an annual competition for Communications Professionals. Awards are based on excellence in graphic design, editorial content and the ability to achieve overall communications excellence. APEX Grand Awards honor the outstanding works in each main category, while APEX Awards of Excellence recognize exceptional entries in each of the individual categories.
11In 1997 The Truth About Money 1st Edition was named Business Book of the Year by Small Press Magazine for earning the Gold Medal in the category of Business. The books were judged on content, originality, design and production quality. With that in mind, the award would honor the many people who worked to publish the book: author, editor, designer and publisher. This award was presented by Jenkins Group Inc., operators of IndependentPublisher.com.
12In March 2008 The Lies About Money was named Personal Finance Book of the Year by the Axiom Business Book Awards for earning the Gold Medal in the category of Personal Finance. This award was presented by Jenkins Group Inc., operators of IndependentPublisher.com.
13In 2009 The Lies About Money received the Retail Book of the Year Award from the Institute for Financial Literacy for Excellence in Financial Literacy Education. Each year, the Institute for Financial Literacy presents EIFLE Awards to individuals and organizations that have shown exceptional innovation, dedication and commitment to the field of financial literacy education.
14The Washington Post, Washington Bestsellers Paperback Nonfiction/General. April 20, 2014.
15The Washington Post, Washington Bestsellers Paperback Nonfiction/General. March 29, 2009.
16 TALKERS magazine “Heavy Hundred” ranking is based on a number of both quantitative and qualitative criteria and is determined by collective analysis of the TALKERS editorial board with input from a wide variety of industry leaders. Investor experience/returns were not considered as part of this ranking.
17TALKERS magazine ranking the “100 Most Important Radio Talk Show Hosts in America” is also based on “courage, effort, impact, longevity, potential, ratings, recognition, revenue, service, talent and uniqueness.”
18As of March 31, 2017
19Throughout the firm’s 30-year history, EFS and Ric Edelman have been presented with numerous business, advisory, communication and community service awards. More information on these awards can be found at //EdelmanFinancial.com/awards.
20The 2016 Top 20 Independent Advisory Firm Ranking issued by Barron’s is based on a number of criteria, including assets under management, client retention, and various factors that speak to the firms’ ability to provide broad and consistent services to their clients. Investment returns are not a component of the rankings because an advisor’s returns are dictated largely by each client’s risk tolerance. The rankings are based on the universe of applications submitted to Barron’s. Edelman Financial Services, LLC self-nominated the firm and submitted quantitative and qualitative information to Barron’s as requested. Barron’s used the firms’ filings with the Securities and Exchange Commission to review and consider this information, which resulted in the rankings on Aug. 27, 2016.
21Inc. magazine cover story, “Inc. magazine’s list of 500 fastest-growing private companies in the nation—Ranked #142 overall,” October 1997. (Companies have to be independent and privately held through 1996, and must demonstrate a sales increase from fiscal year 1995 to 1996. Holding companies and regulated banks and utilities are not eligible, and sales in 1992 must be at least $200,000. Inc. magazine verified all information using tax forms and financial statements from certified public accountants and by conducting interviews with company officials.)