{
  "crd_number": 104510,
  "slug": "edelman-financial-engines-santa-clara-ca-104510",
  "primary_business_name": "EDELMAN FINANCIAL ENGINES",
  "legal_name": "FINANCIAL ENGINES ADVISORS L.L.C.",
  "dbas": [
    "EDELMAN FINANCIAL ENGINES"
  ],
  "city": "Santa Clara",
  "state": "CA",
  "country": "United States",
  "cbsa_code": "41940",
  "metro": {
    "cbsa_code": "41940",
    "common_name": "San Jose",
    "msa_name": "San Jose-Sunnyvale-Santa Clara, CA",
    "path": "/advisors/ca/san-jose"
  },
  "registration_type": "sec",
  "registration_status": "Approved",
  "registration_date": "1998-01-14",
  "years_registered": 28,
  "period": "2026-10-01",
  "filing_date": "2026-07-24",
  "carried_forward": false,
  "raum_total": 326285243393.0,
  "raum_discretionary": 326285243393.0,
  "raum_non_discretionary": 0.0,
  "raum_band": "over_5b",
  "raum_band_label": "Over $5 billion",
  "total_employees": 1679,
  "advisory_employees": 553,
  "client_count_bucket": null,
  "clients_by_type": {
    "charitable": {
      "raum": 113569075.0,
      "count": 44
    },
    "individuals": {
      "raum": 92640909960.0,
      "count": 431514
    },
    "banking_thrift": {
      "raum": 0.0,
      "count": 0
    },
    "state_municipal": {
      "raum": 0.0,
      "count": 0
    },
    "insurance_companies": {
      "raum": 0.0,
      "count": 0
    },
    "investment_companies": {
      "raum": 0.0,
      "count": 0
    },
    "pension_profit_sharing": {
      "raum": 936175962.0,
      "count": 227
    },
    "other_investment_advisers": {
      "raum": 145754767120.0,
      "count": 766796
    },
    "high_net_worth_individuals": {
      "raum": 86540368651.0,
      "count": 45656
    },
    "pooled_investment_vehicles": {
      "raum": 0.0,
      "count": 0
    },
    "corporations_other_businesses": {
      "raum": 299452625.0,
      "count": 169
    },
    "business_development_companies": {
      "raum": 0.0,
      "count": 0
    },
    "sovereign_wealth_foreign_official": {
      "raum": 0.0,
      "count": 0
    }
  },
  "compensation_types": [
    "fixed",
    "hourly",
    "other",
    "percentage_of_aum",
    "subscription"
  ],
  "advisory_activities": [
    "educational_seminars",
    "financial_planning",
    "pension_consulting",
    "periodicals_newsletters",
    "portfolio_management_businesses_institutional",
    "portfolio_management_individuals",
    "selection_of_other_advisers"
  ],
  "wrap_fee_participant": true,
  "disclosure_yes_count": 0,
  "states_registered": [
    "AK",
    "AL",
    "AR",
    "AZ",
    "CA",
    "CO",
    "CT",
    "DC",
    "DE",
    "FL",
    "GA",
    "HI",
    "IA",
    "ID",
    "IL",
    "IN",
    "KS",
    "KY",
    "LA",
    "MA",
    "MD",
    "ME",
    "MI",
    "MN",
    "MO",
    "MS",
    "MT",
    "NC",
    "ND",
    "NE",
    "NH",
    "NJ",
    "NM",
    "NV",
    "NY",
    "OH",
    "OK",
    "OR",
    "PA",
    "PR",
    "RI",
    "SC",
    "SD",
    "TN",
    "TX",
    "UT",
    "VA",
    "VI",
    "VT",
    "WA",
    "WI",
    "WV",
    "WY"
  ],
  "websites": [
    "https://bsky.app/profile/edelmanfinancialengines.com",
    "https://coffeehouseinvestor.com",
    "https://edelmanfinancialengines.com",
    "https://facebook.com/edelmanfinancialengines",
    "https://financialengines.com",
    "https://glassdoor.com/Overview/Working-at-Edelman-Financial-Engines-EI_IE7852.11,36.htm",
    "https://indeed.com/cmp/Edelman-Financial-Engines",
    "https://instagram.com/edelmanfinancialengines",
    "https://linkedin.com/company/edelman-financial-engines",
    "https://linkedin.com/in/michael-liersch-1882382",
    "https://newenglandpension.com",
    "https://threads.net/@edelmanfinancialengines",
    "https://twitter.com/EdelmanFE",
    "https://youtube.com/c/EdelmanFinancialEngines"
  ],
  "iapd_url": "https://adviserinfo.sec.gov/firm/summary/104510",
  "city_as_filed": "SANTA CLARA",
  "url": "https://advisorcensus.com/firm/edelman-financial-engines-santa-clara-ca-104510",
  "display_name": "Edelman Financial Engines",
  "summary": "Edelman Financial Engines is an SEC-registered investment advisory firm in Santa Clara, CA, registered since 1998, reporting over $5 billion in regulatory assets under management in its Form ADV filing dated July 24, 2026.",
  "citation": "AdvisorCensus. Edelman Financial Engines (CRD 104510): Form ADV filing data as of October 2026.",
  "registration_type_label": "SEC-registered investment adviser",
  "compensation_labels": [
    "A percentage of assets under your management",
    "Hourly charges",
    "Subscription fees (for a newsletter or periodical)",
    "Fixed fees (other than subscription fees)",
    "Other"
  ],
  "advisory_activity_labels": [
    "Financial planning services",
    "Portfolio management for individuals and/or small businesses",
    "Portfolio management for businesses (other than small businesses) or institutional clients",
    "Pension consulting services",
    "Selection of other advisers (including private fund managers)",
    "Publication of periodicals or newsletters",
    "Educational seminars/workshops"
  ],
  "quick_answers": [
    {
      "q": "How is Edelman Financial Engines compensated?",
      "a": "On its Form ADV (Item 5.E, October 2026), Edelman Financial Engines reports these compensation arrangements: a percentage of assets under its management; hourly charges; subscription fees (for a newsletter or periodical); fixed fees (other than subscription fees); other. The amounts are in Item 5 of its Form ADV Part 2A brochure."
    },
    {
      "q": "Where is Edelman Financial Engines located?",
      "a": "Edelman Financial Engines' principal office is in Santa Clara, CA, according to its Form ADV; the August 2026 filing also lists 25 other offices (Schedule D, Section 1.F)."
    },
    {
      "q": "Is Edelman Financial Engines registered with the SEC or a state?",
      "a": "Edelman Financial Engines is an SEC-registered investment advisory firm, registered since 1998. Status as filed: Approved. CRD 104510."
    },
    {
      "q": "How much does Edelman Financial Engines manage?",
      "a": "Edelman Financial Engines reports $326,285,243,393 in regulatory assets under management in its Form ADV filing dated July 24, 2026 (100% discretionary)."
    },
    {
      "q": "How have Edelman Financial Engines' assets and staff changed since 2021?",
      "a": "In the Form ADV data for Edelman Financial Engines: Regulatory assets under management: $260,100,000,000 in the October 2021 data and $326,285,243,393 in the October 2026 data, up 25%. Total employees: 1,489 in October 2021 and 1,679 in October 2026. Assets under management move with markets as well as with clients coming and going."
    },
    {
      "q": "What types of clients does Edelman Financial Engines serve?",
      "a": "By number of clients on Form ADV Item 5.D: other investment advisers (766,796); individuals (other than high net worth individuals) (431,514); high net worth individuals (45,656)."
    },
    {
      "q": "Which custodians does Edelman Financial Engines use?",
      "a": "Edelman Financial Engines' most recent Form ADV filing (Schedule D, Section 5.K(3)) lists Alight Solutions, LLC, Charles Schwab & Co., Inc., Fidelity Distributors Company LLC, The Vanguard Group Inc and Voya Retirement Advisors, LLC as custodians holding 10% or more of its separately managed account assets."
    },
    {
      "q": "Does Edelman Financial Engines report any disciplinary disclosures?",
      "a": "Reports no disclosure items on Form ADV Item 11. The detail of any item is on the firm's SEC record: https://adviserinfo.sec.gov/firm/summary/104510"
    },
    {
      "q": "What changed in Edelman Financial Engines' recent Form ADV filings?",
      "a": "In the August 2026 filing data: Updated its list of owners and control persons (Schedule A)."
    }
  ],
  "filing_history": [
    {
      "period": "2021-10-01",
      "regulatory_assets_under_management": 260100000000.0,
      "total_employees": 1489,
      "filing_date": "2021-09-24"
    },
    {
      "period": "2022-10-01",
      "regulatory_assets_under_management": 290354747708.0,
      "total_employees": 1462,
      "filing_date": "2022-05-04"
    },
    {
      "period": "2023-10-01",
      "regulatory_assets_under_management": 241970176743.0,
      "total_employees": 1514,
      "filing_date": "2023-09-29"
    },
    {
      "period": "2024-10-01",
      "regulatory_assets_under_management": 270770414647.0,
      "total_employees": 1578,
      "filing_date": "2024-07-01"
    },
    {
      "period": "2025-10-01",
      "regulatory_assets_under_management": 292902969770.0,
      "total_employees": 1616,
      "filing_date": "2025-04-01"
    },
    {
      "period": "2026-10-01",
      "regulatory_assets_under_management": 326285243393.0,
      "total_employees": 1679,
      "filing_date": "2026-07-24"
    }
  ],
  "recent_changes": [
    {
      "period": "2026-08-01",
      "period_label": "August 2026",
      "notes": [
        "Updated its list of owners and control persons (Schedule A)."
      ]
    },
    {
      "period": "2026-04-01",
      "period_label": "April 2026",
      "notes": [
        "Employees performing advisory functions went from 470 to 553.",
        "Regulatory assets under management went from $292,902,969,770 to $326,285,243,393 (+11%).",
        "Added an office in Chandler, AZ.",
        "Added an office in Ellicott City, MD.",
        "Added an office in Federal Way, WA.",
        "Added an office in Lynnwood, WA.",
        "Added an office in Roseville, CA.",
        "No longer lists an office in Ashburn, VA.",
        "No longer lists an office in Bothell, WA.",
        "No longer lists an office in Chesterfield, MO.",
        "No longer lists an office in Indianapolis, IN.",
        "No longer lists an office in Providence, RI.",
        "Updated its list of owners and control persons (Schedule A)."
      ]
    },
    {
      "period": "2026-02-01",
      "period_label": "February 2026",
      "notes": [
        "Updated its list of owners and control persons (Schedule A)."
      ]
    },
    {
      "period": "2025-11-01",
      "period_label": "November 2025",
      "notes": [
        "Updated its list of owners and control persons (Schedule A)."
      ]
    }
  ],
  "fees_from_brochure": null,
  "custodians": [
    {
      "name": "Alight Solutions, LLC",
      "name_as_filed": "ALIGHT SOLUTIONS, LLC",
      "affiliated": false
    },
    {
      "name": "Charles Schwab & Co., Inc.",
      "name_as_filed": "CHARLES SCHWAB & CO., INC.",
      "affiliated": false
    },
    {
      "name": "Fidelity Distributors Company LLC",
      "name_as_filed": "FIDELITY DISTRIBUTORS COMPANY LLC",
      "affiliated": false
    },
    {
      "name": "The Vanguard Group Inc",
      "name_as_filed": "THE VANGUARD GROUP INC",
      "affiliated": false
    },
    {
      "name": "Voya Retirement Advisors, LLC",
      "name_as_filed": "VOYA RETIREMENT ADVISORS, LLC",
      "affiliated": false
    }
  ],
  "custodians_note": "Custodians holding 10% or more of the firm's separately managed account assets, as filed on Form ADV (Schedule D, Section 5.K(3)). A custodian holds client assets; it does not endorse or supervise the firm. AdvisorCensus has no relationship with any custodian.",
  "markdown_url": "https://advisorcensus.com/firm/edelman-financial-engines-santa-clara-ca-104510.md",
  "clients": [
    {
      "type": "individuals",
      "label": "Individuals (other than high net worth individuals)",
      "count": 431514,
      "fewer_than_5": false,
      "raum": 92640909960.0
    },
    {
      "type": "high_net_worth_individuals",
      "label": "High net worth individuals",
      "count": 45656,
      "fewer_than_5": false,
      "raum": 86540368651.0
    },
    {
      "type": "banking_thrift",
      "label": "Banking or thrift institutions",
      "count": 0,
      "fewer_than_5": false,
      "raum": 0.0
    },
    {
      "type": "investment_companies",
      "label": "Investment companies",
      "count": 0,
      "fewer_than_5": false,
      "raum": 0.0
    },
    {
      "type": "business_development_companies",
      "label": "Business development companies",
      "count": 0,
      "fewer_than_5": false,
      "raum": 0.0
    },
    {
      "type": "pooled_investment_vehicles",
      "label": "Pooled investment vehicles (other than investment companies and business development companies)",
      "count": 0,
      "fewer_than_5": false,
      "raum": 0.0
    },
    {
      "type": "pension_profit_sharing",
      "label": "Pension and profit sharing plans (but not the plan participants or government pension plans)",
      "count": 227,
      "fewer_than_5": false,
      "raum": 936175962.0
    },
    {
      "type": "charitable",
      "label": "Charitable organizations",
      "count": 44,
      "fewer_than_5": false,
      "raum": 113569075.0
    },
    {
      "type": "state_municipal",
      "label": "State or municipal government entities (including government pension plans)",
      "count": 0,
      "fewer_than_5": false,
      "raum": 0.0
    },
    {
      "type": "other_investment_advisers",
      "label": "Other investment advisers",
      "count": 766796,
      "fewer_than_5": false,
      "raum": 145754767120.0
    },
    {
      "type": "insurance_companies",
      "label": "Insurance companies",
      "count": 0,
      "fewer_than_5": false,
      "raum": 0.0
    },
    {
      "type": "sovereign_wealth_foreign_official",
      "label": "Sovereign wealth funds and foreign official institutions",
      "count": 0,
      "fewer_than_5": false,
      "raum": 0.0
    },
    {
      "type": "corporations_other_businesses",
      "label": "Corporations or other businesses not listed above",
      "count": 169,
      "fewer_than_5": false,
      "raum": 299452625.0
    }
  ],
  "disclosure_line": "Reports no disclosure items on Form ADV Item 11.",
  "disclosure_items": [],
  "indexable": true,
  "suppressed": false,
  "claimed": false,
  "enhanced": false,
  "provided_by_the_firm": null,
  "source": {
    "name": "Form ADV",
    "as_of": "2026-10-01",
    "iapd_url": "https://adviserinfo.sec.gov/firm/summary/104510",
    "operator": "BH Monitor Services, LLC",
    "license": "https://creativecommons.org/licenses/by/4.0/",
    "credit": "AdvisorCensus (advisorcensus.com), from SEC Form ADV data"
  }
}