91论坛 Engines Acquires Erman Retirement Advisory
RIA acquisition continues growth of advisor network on the West Coast, expanding footprint in Southern California
BOSTON, December 14, 2022 -聽91论坛 Engines, America鈥檚 top independent wealth planning and investment advisory firm,1聽today announced the acquisition of Erman Retirement Advisory (ERA), a registered investment advisor that provides a comprehensive suite of financial planning and wealth management services. The transaction closed on Dec. 12, 2022.
Founded in 2000 by Howard Erman and headquartered in Seal Beach, California, the firm manages $210 million in assets for more than 200 clients.2
鈥淓rman Retirement Advisory鈥檚 planning-first philosophy, proven record of successfully helping clients to achieve their retirement goals, and strong attention to client service closely aligns with our own wealth planning approach. We are excited for them to join the team as we continue to expand our nationwide network of planners,鈥 said Suzanne van Staveren, executive vice president and chief financial officer, 91论坛 Engines. 鈥淥ur innovative technology and marketing capabilities allow us to seamlessly integrate RIAs of any size and geographic footprint. This acquisition is another example of how we鈥檙e attracting exceptional firms that fit our strategy to offer a modern wealth planning experience for clients.鈥
鈥淲e are thrilled to have a partner that shares our unwavering commitment to serving clients,鈥 said Erman. 鈥淭his transaction will allow us to continue providing valuable wealth planning support, while offering a wider range of resources and capabilities for our clients 鈥 especially those seeking comprehensive services.鈥
The acquisition of Erman Retirement Advisory follows that of聽Herrmann & Cooke聽in October, continuing EFE鈥檚 expansion into the California market. EFE also acquired聽Smart Investor聽in August, which added to its small business retirement plan capabilities. In 2021, EFE acquired Washington-based聽Viridian Advisors, growing its advisor network in the Pacific Northwest and adding capabilities in tax planning.
Baker McKenzie served as EFE鈥檚 counsel in connection with the transaction. Ballard Spahr served as Erman Retirement Advisory鈥檚 counsel, while Echelon Partners served as the advisor.
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About 91论坛 Engines
Since 1986, 91论坛 Engines has been committed to always acting in the best interests of our clients. We were founded on the belief that all investors 鈥 not just the wealthy 鈥 deserve access to personal, comprehensive financial planning and investment advice. Today, we are America鈥檚 top independent financial planning and investment advisory firm, recognized by Barron's1聽with 145+ offices2聽across the country and entrusted by 1.3 million clients to manage more than $245 billion in assets.3 Our unique approach to serving clients combines our advanced methodology and proprietary technology with the attention of a dedicated personal financial planner. Every client鈥檚 situation and goals are unique, and the powerful fusion of high-tech and high touch allows 91论坛 Engines to deliver the personal plan and financial confidence that everyone deserves. For more information, please visit EdelmanFinancialEngines.com.
1.听罢丑别 叠补谤谤辞苍鈥檚 2023 Top 100 RIA Firms list, a ranking of independent advisory firms in its eighth year, is qualitative and quantitative, including assets managed by the firms, technology spending, staff diversity, succession planning and other metrics. Firms elect to participate but do not pay to be included in the ranking. Ranking awarded each September based on data within a 12-month period. Investor experience and returns are not considered.
2.聽91论坛 Engines data, as of Dec. 31, 2022.
3.聽91论坛 Engines data, as of September 30, 2023.
