# Edelman Financial Engines

> 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.

- CRD: 104510
- Filed as: EDELMAN FINANCIAL ENGINES
- Legal name: Financial Engines Advisors L.L.C.
- Also doing business as: EDELMAN FINANCIAL ENGINES
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Santa Clara, CA
- Filing period: October 2026
- Form ADV filing dated: July 24, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/104510
- AdvisorCensus page: https://advisorcensus.com/firm/edelman-financial-engines-santa-clara-ca-104510

## Quick answers

**How is Edelman Financial Engines compensated?**
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.

**Where is Edelman Financial Engines located?**
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).

**Is Edelman Financial Engines registered with the SEC or a state?**
Edelman Financial Engines is an SEC-registered investment advisory firm, registered since 1998. Status as filed: Approved. CRD 104510.

**How much does Edelman Financial Engines manage?**
Edelman Financial Engines reports $326,285,243,393 in regulatory assets under management in its Form ADV filing dated July 24, 2026 (100% discretionary).

**How have Edelman Financial Engines' assets and staff changed since 2021?**
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.

**What types of clients does Edelman Financial Engines serve?**
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).

**Which custodians does Edelman Financial Engines use?**
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.

**Does Edelman Financial Engines report any disciplinary disclosures?**
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

**What changed in Edelman Financial Engines' recent Form ADV filings?**
In the August 2026 filing data: Updated its list of owners and control persons (Schedule A).

## From the Form ADV filing

### Compensation (Item 5.E)
- A percentage of assets under your management
- Hourly charges
- Subscription fees (for a newsletter or periodical)
- Fixed fees (other than subscription fees)
- Other

### Custodians (Schedule D, Section 5.K(3))
- Alight Solutions, LLC
- Charles Schwab & Co., Inc.
- Fidelity Distributors Company LLC
- The Vanguard Group Inc
- Voya Retirement Advisors, LLC

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.

### Regulatory assets under management (Item 5.F)
- Total: $326,285,243,393
- Discretionary: $326,285,243,393
- Non-discretionary: $0

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Individuals (other than high net worth individuals) | 431,514 | $92,640,909,960 |
| High net worth individuals | 45,656 | $86,540,368,651 |
| Banking or thrift institutions | 0 | $0 |
| Investment companies | 0 | $0 |
| Business development companies | 0 | $0 |
| Pooled investment vehicles (other than investment companies and business development companies) | 0 | $0 |
| Pension and profit sharing plans (but not the plan participants or government pension plans) | 227 | $936,175,962 |
| Charitable organizations | 44 | $113,569,075 |
| State or municipal government entities (including government pension plans) | 0 | $0 |
| Other investment advisers | 766,796 | $145,754,767,120 |
| Insurance companies | 0 | $0 |
| Sovereign wealth funds and foreign official institutions | 0 | $0 |
| Corporations or other businesses not listed above | 169 | $299,452,625 |

### Advisory services (Item 5.G)
- 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

### Firm details
- Registered since: 1998 (28 years)
- Employees: 1,679 total, 553 performing advisory functions
- Wrap fee program participation: Yes
- States registered or notice-filed: 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
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Other offices (Schedule D, Section 1.F), as of the August 2026 filing
- Alexandria, VA
- Austin, TX
- Boca Raton, FL
- Boston, MA
- Burlington, MA
- Chandler, AZ
- Columbus, OH
- Costa Mesa, CA
- Ellicott City, MD
- Fairfax, VA
- Federal Way, WA
- Henrico, VA
- Lynnwood, WA
- Northbrook, IL
- Norwood, MA
- Novi, MI
- Oakbrook Terrace, IL
- Overland Park, KS
- Phoenix, AZ
- Roseville, CA
- Troy, MI
- Tysons, VA
- Uniondale, NY
- Walnut Creek, CA
- West Conshohocken, PA

### Websites listed on Form ADV (Item 1.I)
- bsky.app/profile/edelmanfinancialengines.com
- coffeehouseinvestor.com
- edelmanfinancialengines.com
- financialengines.com
- glassdoor.com/Overview/Working-at-Edelman-Financial-Engines-EI_IE7852.11,36.htm
- indeed.com/cmp/Edelman-Financial-Engines
- newenglandpension.com
- Facebook @edelmanfinancialengines
- Instagram @edelmanfinancialengines
- LinkedIn @edelman-financial-engines
- LinkedIn @michael-liersch-1882382
- Threads @edelmanfinancialengines
- X @EdelmanFE
- YouTube @EdelmanFinancialEngines

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $260,100,000,000 | 1,489 | September 24, 2021 |
| October 2022 | $290,354,747,708 | 1,462 | May 4, 2022 |
| October 2023 | $241,970,176,743 | 1,514 | September 29, 2023 |
| October 2024 | $270,770,414,647 | 1,578 | July 1, 2024 |
| October 2025 | $292,902,969,770 | 1,616 | April 1, 2025 |
| October 2026 | $326,285,243,393 | 1,679 | July 24, 2026 |

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.

## Changes in the filing (last 12 months)

### August 2026
- Updated its list of owners and control persons (Schedule A).

### April 2026
- 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).

### February 2026
- Updated its list of owners and control persons (Schedule A).

### November 2025
- Updated its list of owners and control persons (Schedule A).

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Edelman Financial Engines (CRD 104510): Form ADV filing data as of October 2026.