On October 5, 2022, Edelman Financial Engines acquired Herrmann & Cooke Wealth Management.
Under the terms of the transaction, Edelman Financial Engines (“Edelman”) acquired Herrmann & Cooke Wealth Management (“Herrmann & Cooke”). The financial terms of the transaction were not disclosed.
Edelman, based in Santa Clara, California, offers wealth management including investment management, retirement planning, tax planning, estate planning and small-business solutions. Edelman has $241 billion in assets under management.
Herrmann & Cooke, based in Danville, California, is a registered investment advisor that provides financial planning, retirement planning, investment management, and estate planning services. Herrmann & Cooke manages over $490 million in client assets.
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