FYI: Edelman Financial Engines, the country’s largest RIA by AUM, has modified its fee structure following its merger with Financial Engines, which was completed in late July.
According to the firm’s latest Form ADV, Part 2, filed on Nov. 1, the annual wrap fee for retail accounts, known as EMAP for Edelman Managed Asset Program, has been cut, but only slightly for accounts with AUMs above $150,000.
For new accounts with $150,000 or less in assets, the annual fee is 1.75% versus 2% previously, as seen below in the charts from the ADV filing.
Regards,
Ted
https://www.thinkadvisor.com/2018/12/06/edelman-financial-engines-cuts-fees/
