Alex and Frank are joined by Ric Edelman, founder of Edelman Financial Engines, one the largest RIAs in the USA, with some $270bn in assets under management. Ric tells us about the importance of compounding, why he's so bullish on bitcoin, and has some damning words for the wider financial services industry about the way it treats clients.
Ric Edelman is an over-the-top giant in the industry of financial services. In his highly interesting podcast, we track his progress from a 100 ft square office shared with his wife, to a major influencer in the financial planning profession of today. Ric created many “firsts” in the planning world and continues to advance his successful philosophy by combining high touch and high tech thus serving his mission to “educate people how money works”.
Ric Edelman: Is Bitcoin a Mainstream Institutional Investment? | SALT Talks #129
Ric Edelman is the founder of the nation’s largest independent RIA, with 350 advisors in 170 offices nationwide, managing $230 billion for 1.2 million individuals and households. The firm is also the nation’s largest independent provider of advice to 401(k) plans, serving thousands of companies, including 150 of the Fortune 500.Advisors are obligated to look into the future for opportunities and challenges. This now includes the emergence of crypto and digital asset, including Bitcoin. Bitcoin has been the top-performing asset class of the last 1-, 5- and 10-year period, but due to its newness, skepticism is understandable. RIA Digital Assets was set up to help advisors and consumers become more comfortable with this revolutionary technology. Ultimately, a 1% asset allocation of Bitcoin is recommended.—————————————————————————To learn more about this episode, including podcast transcripts and show notes, visit salt.org/talksModerated by Anthony Scaramucci.
“The Digital Asset Revolution” – A Conversation with Ric Edelman, RIA Digital Assets Council
Advisor Success Series
In this episode, we are pleased to be joined by Ric Edelman, Founder of Edelman Financial Engines and, more recently, Founder of RIA Digital Assets Council (RIADAC). We dive into the recent surge in investor appetite for digital assets, such as cryptocurrencies embodied by Bitcoin and Etherium, discuss the differences between digital assets and stable coins, and hear about Ric’s goal of providing digital asset education to the financial advisor community.
Ric Edelman is the chairman and co-founder of Edelman Financial Services, LLC, the author of several personal finance books and the host of a weekly personal finance talk radio show called The Ric Edelman Show.In this conversation, we discuss 60/40 portfolios, Bitcoin regulation, Federal Reserve actions, Bitcoin adoption among RIAs, and the new financial advisor certificate program Ric helped launch.=======================The Stacks 2.0 mainnet is launching on January 14, 2021. Stacks, which you may recognize as Blockstack, is a layer-1 blockchain that uses the Bitcoin blockchain as a secure base-layer and enables developers to harness its power in new ways. Stacks makes Bitcoin more than digital gold, enabling apps and smart contracts on Bitcoin--unlocking innovation, new value, and a new way to earn BTC. Register for the mainnet event here: https://stacks2.com/=======================Coinbase Wallets are adding support for .crypto and .zil domains through their partnership with Unstoppable Domains. Unstoppable Domains provides an all-in-one solution for blockchain domains. You can send money using these new domains instead of long Bitcoin wallet addresses, while also storing your domain in Coinbase's collectibles section. Go to unstoppabledomains.com in the dapp browser to register and manage your domains. =======================LVL is a new crypto investing platform that I'm an investor in. They allow anyone to trade an unlimited number of times per month for free. They have no trading fees and no spreads in the spot market. If you buy or sell more than $500 in Bitcoin on any exchange, you're spending too much on trading fees. Use LVL to save money and trade as many times you want. https://lvl.co/pomp=======================
Succession Planning in Wealth Management – with Guest Ric Edelman
In this episode, David Armstrong is joined with Ric Edelman, founder of Edelman Financial Engines, as they discuss the succession planning that financial advisors should be doing in order to keep up with the changing industry. In this episode, we discuss: The results from a survey Edelman Financial Engines completed to uncover the impact of … Continue reading Succession Planning in Wealth Management – with Guest Ric Edelman →