Edelman Financial Engines Acquires Cahill Wealth Management

Edelman Financial Engines (EFE), America’s top independent wealth planning¹ and workplace² investment advisory firm, today announced the acquisition of Cahill Wealth Management. Headquartered in Kalamazoo, Michigan, Cahill Wealth Management is an investment advisory firm managing approximately $426 million for 125 clients.³

The firm specializes in serving executives in the pharmaceutical and life sciences industries, providing them with strategic counsel in financial planning, employee benefits and tax planning. We believe their expertise is a niche market that we can help expand into a larger opportunity.

“Cahill Wealth Management is an outstanding addition to our team, and we are very pleased about their decision to join us,” shared Jay Shah, chief executive officer at Edelman Financial Engines. “Investor needs are changing rapidly, and EFE continues to elevate our offering and help clients in new ways by adding talented RIAs to our team.”

"As we extend our reach throughout the country, particularly in the Midwest, we seek partners who prioritize client service and align with our fundamental principles,” said Suzanne van Staveren, executive vice president, chief financial officer and chief operating officer at EFE. “We have a long history of guiding employees of large enterprises on both their retirement accounts and greater financial plans, and we look forward to partnering with Cahill to deepen our expertise in the life sciences sector.”

Cahill’s industry specialization complements EFE’s workplace business as their expertise serving executives in the life sciences space will be additive to these relationships.

“After thorough due diligence, I decided to partner with Edelman Financial Engines because I believe in their leadership, feel they have similar values, and will be able to provide our team and clients with the support and advanced resources they deserve," said Ryan Cahill, founder and president of Cahill Wealth Management.

Cahill Wealth Management will be fully integrated and continue operations under the EFE brand.

The transaction is EFE’s first acquisition of 2025 as the firm continues to expand its footprint in regions of the U.S. where there is an increasing demand for its services. EFE will continue to seek additional partners that have a shared vision to grow their practice by bringing more value and resources to clients. Learn about collaborating with EFE and our acquisition history on the firm’s Mergers & Acquisition site.

About Edelman Financial Engines

Since 1986, Edelman Financial Engines has been committed to always acting in the best interests of our clients. We were founded on the belief that all investors – not just the wealthy – deserve access to personal, comprehensive financial planning and investment advice. Today, we are America’s top independent financial planning and investment advisory firm, recognized by Barron's¹ with 144+ offices across the country and entrusted by 1.3 million clients to manage more than $293 billion in assets.⁴ Our unique approach to serving clients combines our advanced methodology and proprietary technology with the attention of a dedicated personal financial planner. Every client’s situation and goals are unique, and the powerful fusion of high-tech and high-touch allows Edelman Financial Engines to deliver the personal plan and financial confidence that everyone deserves.

1. The Barron’s 2024 Top 100 RIA Firms list, a nine-year annual ranking of independent advisory firms, is based on qualitative and quantitative factors. Firms elect to participate but do not pay to be included in the ranking. The 2024 ranking refers to EFE as the top mega RIA.

2. According to the Cerulli Associates Top Nine Managed Account Sponsors by DC Assets survey of Defined Contribution managed account providers, The Cerulli Edge – U.S. Retirement Edition, 1Q 2025, Issue #74, Edelman Financial Engines is the largest managed account provider by DC assets and market share as of Dec. 31, 2024.

3. Cahill Wealth Management, as of March 31, 2025.

4. Edelman Financial Engines data, as of December 31, 2024.

© 2025 Edelman Financial Engines, LLC. Edelman Financial Engines® is a registered trademark of Edelman Financial Engines, LLC. All advisory services provided by Financial Engines Advisors L.L.C., a federally registered investment advisor. Certain services provided on an educational and guidance basis only. Results are not guaranteed. AM4457932

View source version on businesswire.com: https://www.businesswire.com/news/home/20250505885342/en/