Ric Edelman Named Nation’s Top Independent Financial Advisor for 2010

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Ranked by Barron’s, the prestigious Wall Street publication.

For the second year in a row, Ric Edelman has been named the No. 1 independent financial advisor in the country by Barron’s. He is chairman and CEO of Edelman Financial Services, one of the country’s largest independent investment advisory firms, managing nearly $5 billion for almost 14,000 clients nationwide.

More than 22% of the total number of clients for the entire Top 100 independent advisors are clients of Edelman Financial.

“It is an honor to be recognized by Barron’s,” said Edelman. “The credit goes to my team of advisors and our entire staff.” Edelman Financial has over 200 employees, with nearly 60 advisors serving clients nationwide from offices in Maryland, Virginia, New York, New Jersey, Illinois and Florida.

The Barron’s list is culled from more than 500 nominations, and is determined by the quality of the advisors’ practices, including client retention and compliance record, the volume of assets overseen by the advisors and their teams, and contribution to their firms’ profitability. Interestingly, Edelman’s firm ranks last in average account size per client, a fact that is a source of great pride to Edelman. “Although we serve many millionaires,” Edelman explained, “the vast majority of our clients are not in the exclusive realm of high-net-worth investors. Most are middle class folks trying to pay for college for their kids while trying to secure their own retirement. It’s an honor to serve them all.”

Ric Edelman has been providing financial advice to consumers for almost 25 years. His nationally syndicated radio program, The Ric Edelman Show, airs in 34 markets. He is also a sought-after speaker, TV personality and best-selling author of seven books – including the newly updated and expanded fourth edition of his personal finance classic, The Truth About Money, due out in December. Edelman’s Web site is RicEdelman.com.

Barron’s list of the “Top 100 Independent Financial Advisors” appears in its August 28 issue.    

Ric Edelman is Chairman and CEO of Edelman Financial Services LLC. He is also President and a member of the Board of Director of Sanders Morris Harris Group. Ric is an Investment Advisor Representative and offers advisory services through EFS an SEC-registered investment advisor. He is also a Registered Representative of and offers securities through Sanders Morris Harris Inc., an affiliated broker/dealer, member FINRA/SIPC.


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Jacqueline Connor
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