Warburg Pincus takes stake in Edelman Financial Engines

first_img 4 Why Tony Robbins, tax shelters and financial advisers don’t mix 5 For reprint and licensing requests for this article, click here,MOST READ 3 Private equity firm Warburg Pincus has taken a minority stake in Edelman Financial Engines. The investment, the size of which was not disclosed, values the company at $7.3 billion. The deal is expected to close in the second quarter, the company said in a release. House committee poised to advance SECURE 2.0 retirement savings bill Tools to automate a digital marketing strategy that delivers Hellman & Friedman remains the company’s majority owner. Hellman & Friedman bought a stake in Edelman Financial Services in 2015, purchased Financial Engines for $3.02 billion in 2018 and then merged the two.Edelman Financial Engines, one of the nation’s largest RIA firms, manages $260 billion.In 2019, Warburg Pincus took a majority stake in independent broker-dealer Kestra Financial.[More: Private equity’s unquenchable thirst for wealth management]center_img InvestCloud to acquire Advicent and NaviPlan planning software House panel unanimously passes SECURE 2.0 Subscribe for original insights, commentary and analysis of the issues facing the financial advice community, from the InvestmentNews team. Newsletters The Gates divorce: Lessons for financial advisers 1 2last_img

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