On May 13, 2024, Edelman Financial Engines, LLC announced that it had acquired Soundmark Wealth Management.
Edelman Financial Engines, LLC (“Edelman”) announced that it had acquired Soundmark Wealth Management (“Soundmark”). Further terms of the transaction were not disclosed.
Edelman, based in Santa Clara, California , is a registered investment advisor offering wealth management including investment management, retirement planning, tax planning, estate planning and small-business solutions. As of December 2023, Edelman had $270 billion in assets under management.
Soundmark, based in Kirkland, Washington, is a registered investment advisor providing investment management and financial planning services, and specializing in planning for medical and technology professionals. As of March 31, 2024, Soundmark had $453 million in assets under management.
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