ECHELON Advises On Edelman Acquisition Of Erman

James Miller, Contributing Editor & Research Analyst, Wealth Solutions Report

Edelman Continues California Footprint Expansion With Los Angeles Area RIA Acquisition

Edelman Financial Engines announced the acquisition of Seal Beach, California-based RIA Erman Retirement Advisory, which closed on Dec. 12. Founded by Howard Erman in 2000, the firm manages $210 million in assets for over 200 clients, according to the press release.

Suzanne van Staveren, Edelman’s EVP and Chief Financial Officer, said, “We are excited for them to join the team as we continue to expand our nationwide network of planners. Our innovative technology and marketing capabilities allow us to seamlessly integrate RIAs of any size and geographic footprint. This acquisition is another example of how we’re attracting exceptional firms that fit our strategy to offer a modern wealth planning experience for clients.”

Seal Beach, California

Erman Retirement Advisory has over 40 years of financial services experience, providing comprehensive financial planning and wealth management including tax strategies, wealth strategies, investment management and estate planning.

Erman said, “This transaction will allow us to continue providing valuable wealth planning support, while offering a wider range of resources and capabilities for our clients – especially those seeking comprehensive services.”

With over 145 offices nationwide and $227 billion in client assets, Edelman emphasizes the integration of financial planning with investment advice, dedicating a personal financial planner to each client. 

Edelman recently made strategic acquisitions, acquiring Herrmann & Cooke in October to expand its California footprint and Smart Investor in August to enhance its small business retirement plan offerings. In addition, it acquired Viridian Advisors last year to expand in the Pacific Northwest and add tax planning capabilities. 

Edelman is a portfolio company of Hellman & Friedman and Warburg Pincus.

ECHELON Partners served as Erman Retirement Advisory’s exclusive financial advisor in this transaction.

James Miller, Contributing Editor & Research Analyst at Wealth Solutions Report, can be reached at

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