Edelman Financial Engines Expands Retirement Services for Small Businesses
Edelman Financial Engines is expanding its retirement plan advisory services to the small and mid-sized business market, offering investment management, fiduciary support, personalized financial advice, and digital planning tools. The firm has partnered with ADP to integrate payroll, human capital management, and full-service recordkeeping solutions for these businesses. Edelman Financial Engines is one of the largest 401(k) managed account providers in the U.S., managing over $300 billion in assets. This expansion builds on its existing relationship with ADP since 2018, where it has provided financial wellness services to employees through workplace retirement plans. The move aims to help small business owners offer comprehensive and accessible retirement solutions for their employees while leveraging Edelman's expertise in wealth planning and technology-driven advisory services. The firm recently hired a new senior vice president to strengthen its integration of workplace benefits with personalized wealth advice.
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Topics: financial advisory services retirement plans small business market