$3B Deal Of Edelman, Financial Engines Puts Other RIAs In The Hot Seat
In a blockbuster deal seen as remaking the digital advice landscape, robo advice pioneer Financial Engines is being bought for $3 billion and combined with Edelman Financial Services. The deal will bring together the sizable assets of Financial Engines— $169 billion in AUM, agreements with more than 750 companies to manage over $1 trillion in retirement…
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