Ric Edelman
{{Short description|American businessman (born 1958)}}
{{distinguish|Rick Adelman}}
{{Use mdy dates|date=May 2019}}
{{Infobox person
| name = Ric Edelman
| image = Ric Edelman.jpg
| alt = Ric Edelman, founder and board member, Edelman Financial Engines
| caption =
| birth_date = {{Birth date and age|1958|05|28}}{{cite web |title=Edelman, Ric 1958– |url=https://www.encyclopedia.com/arts/educational-magazines/edelman-ric-1958 |website=Encyclopedia.com |access-date=26 June 2020}}
| birth_place = Philadelphia, Pennsylvania{{cite news |last1=Wollman Rusoff |first1=Jane |title=Ric Edelman: What's Wrong With IRAs, 401(k)s, and the Industry That Sells Them |url=https://www.thinkadvisor.com/2014/05/12/ric-edelman-whats-wrong-with-iras-401ks-and-the-in/?slreturn=20190927235406# |access-date=29 May 2020 |work=ThinkAdvisor |date=12 May 2014}}
| education = Rowan University
| occupation = Financial advisor, media personality
| years_active =
| notable_works =
| television = The Truth About Money with Ric Edelman{{cite web |title=The Truth About Money with Ric Edelman |url=https://www.imdb.com/title/tt1910388/ |website=IMDB |access-date=11 June 2020}}{{cite news |last1=Robinson |first1=Jennifer |title=Ric Edelman's The Truth About Retirement |url=https://www.kpbs.org/news/2016/nov/22/ric-edelmans-truth-about-retirement/ |access-date=11 June 2020 |work=KPBS |date=24 March 2017}}
| website = {{URL | https://www.edelmanfinancialengines.com/ric-edelman-radio}}
}}
Fredric Mark "Ric" Edelman{{cite web |title=Fredric Mark Edelman: Executive Profile & Biography |url=https://www.bloomberg.com/research/stocks/private/person.asp?personId=52670330&privcapId=98603 |website=Bloomberg.com | date=June 2023 |publisher=Bloomberg L.P.}} is an American investor and author. He is the founder of Edelman Financial Services (later, Edelman Financial Engines), the author of several personal finance books, and the host of a weekly personal finance talk radio show called The Ric Edelman Show.{{cite web|url=https://www.edelmanfinancialengines.com/ric-edelman-radio/ |title=The Ric Edelman Show |publisher=Edelman Financial Engines |access-date=25 January 2021}} Edelman was also the host of the public television show The Truth About Money with Ric Edelman.
Early life and education
Edelman grew up in Cherry Hill, New Jersey. He majored in communications at Rowan University (then Glassboro State College), where he met his wife Jean.{{cite news |last1=Romalino |first1=Carly Q. |title=Need college tuition help? Rowan unveils a $10M endowment for communications, creative arts scholarships |url=https://www.courierpostonline.com/story/news/local/south-jersey/2019/11/14/rowan-edelmans-announced-10-million-endowment-student-scholarships/4187900002/ |access-date=29 May 2020 |work=The Courier-Post |date=14 November 2019}} He began his career as a reporter for McKnight Publications from 1980 to 1986.
Business career
Ric and Jean Edelman co-founded Edelman Financial Services, a financial advisory firm, in 1986.{{cite news |title=Part 2A of Form ADV: Firm Brochure |url=https://www.edelmanfinancialengines.com/wp-content/uploads/2020/09/FEA_ADV2A_B.pdf |access-date=15 April 2021 |work=Edelman Financial Engines |date=30 March 2020 |page=4}}{{cite news |last1=Thrasher |first1=Michael |title=Edelman Financial Engines Names Head of $40 Billion, 320-Advisor Retail Business |url=https://www.riaintel.com/article/b1k1001vmtbp05/edelman-financial-engines-names-head-of-40-billion-320advisor-retail-business |access-date=15 April 2021 |work=RIA Intel |date=23 January 2020 |language=en-gb}} Edelman sold a majority stake of Edelman Financial Services to Sanders Morris Harris Group in 2005. The group merged with Financial Engines to form Edelman Financial Engines in 2018. Ric Edelman sits on the board, where until June 2021 he oversaw financial education and client experience.{{cite web |url=https://insurancenewsnet.com/oarticle/edelman-financial-and-financial-engines-complete-merger#.W__2qPlKiM8 |title=Edelman Financial And Financial Engines Complete Merger |date=November 6, 2018 |access-date=29 November 2018}}{{cite news |last1=Din |first1=Suleman |last2=Paikert |first2=Charles |last3=Allocca |first3=Sean |title=$3B deal of Edelman, Financial Engines puts other RIAs in the hot seat |url=https://www.financial-planning.com/news/3b-edelman-financial-engines-deal-puts-rias-in-hot-seat |access-date=11 June 2020 |work=Financial Planning |date=30 April 2018}}{{cite news |last1=Hallez |first1=Emile |title=Ric Edelman to step down as chairman of Edelman Financial Engines |url=https://www.investmentnews.com/ric-edelman-to-step-down-as-chairman-of-edelman-financial-engines-207407 |access-date=2 July 2021 |work=InvestmentNews |date=7 June 2021}}
Recognition
In July 2001, Edelman's book Ordinary People, Extraordinary Wealth appeared at #1 in the paperback "Advice, How-to and Miscellaneous" category of the New York Times Best Seller list.{{cite news |title=Paperback Best Sellers: July 29, 2001 |url=https://www.nytimes.com/2001/07/29/books/paperback-best-sellers-july-29-2001.html |access-date=26 January 2021 |work=The New York Times |date=29 July 2001}} Barron's ranked Edelman the #1 Independent Financial Advisor in the United States in 2012.{{cite news |last=McGee |first=Suzanne |title=Top 100 Independent Advisors |url=http://online.barrons.com/article/SB50001424053111904881404577601463917592328.html |access-date=9 June 2013 |newspaper=Barron's |date=25 August 2012}} In 2019, Barron's added Edelman to its Financial Advisors Hall of Fame.{{cite news |title=Barron's Advisor Hall of Fame |url=https://www.barrons.com/articles/barrons-financial-advisor-hall-of-fame-51572028751 |access-date=26 June 2020 |work=Barron's |date=25 October 2019}}
Personal life
Jean and Ric Edelman founded the Edelman Nursing Career Development Center in partnership with Inova Health System in 2001, and donated $1 million to the program in 2008.{{cite news |title=Edelmans Donate $1 Million to Nursing Program |url=https://www.insidenova.com/news/fairfax/edelmans-donate-1-million-to-nursing-program/article_585f38df-9b7b-57c2-b508-503531571edb.html |access-date=26 June 2020 |work=Inside NoVa |date=10 February 2008}}
Rowan University renamed its creative arts school the Ric Edelman College of Communications & Creative Arts in February 2020{{cite news |last1=Bader |first1=Emily |title=Rowan University renames creative arts school |url=https://www.roi-nj.com/2020/02/14/education/rowan-university-renames-creative-arts-school/ |access-date=9 August 2020 |work=ROI-NJ |date=14 February 2020}}{{cite news |last1=Rothauser |first1=Corey |title=Rowan University approves name change for Ric Edelman College of Communication & Creative Arts |url=https://thewhitonline.com/2020/02/news/ric-edelman-college-of-communication-creative-arts/ |access-date=9 August 2020 |work=The Whit Online |date=12 February 2020}} and named him a "Distinguished Lecturer".{{cite news |title=Rowan alumni Jean and Ric Edelman commit $25 million for University's Fossil Park |url=https://today.rowan.edu/home/news/2016/10/17/rowan-alumni-jean-and-ric-edelman-commit-25-million-universitys-fossil-park |access-date=18 March 2019 |publisher=Rowan University |date=17 October 2016 |archive-url=https://web.archive.org/web/20171014193248/https://today.rowan.edu/home/news/2016/10/17/rowan-alumni-jean-and-ric-edelman-commit-25-million-universitys-fossil-park |archive-date=14 October 2017}} Edelman donated $25 million to Rowan for its Edelman Fossil Park and the development of a museum.{{cite web |last1=Chang |first1=Kenneth |title=A New Dinosaur Museum Rises... |url=https://www.nytimes.com/2025/03/31/science/dinosaur-fossil-museum-new-jersey.html |website=nytimes.com |publisher=The New York Times Company |access-date=6 April 2025}}
Books
- The Truth About Money with Ric Edelman (1997)
- The New Rules of Money (1998)
- Ordinary People, Extraordinary Wealth (2001)
- What You Need to Do Now (2001)
- Discover the Wealth Within You (2003)
- The Lies About Money (2007)
- Rescue Your Money (2009)
- The New Rules of Money (2010)
- The Truth About Retirement Plans and IRAs (2014)
- The Truth About Your Future (2017)
- The Squirrel Manifesto (2018), co-written with his wife Jean Edelman
- The Truth About Crypto (2022)
References
{{reflist}}
External links
- [https://www.edelmanfinancialengines.com/ Edelman Financial Engines]
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{{DEFAULTSORT:Edelman, Ric}}
Category:American finance and investment writers
Category:American talk radio hosts