Jay Shah Steps Down as Edelman Financial Engines CEO
Jay Shah is stepping down as CEO of Edelman Financial Engines after more than two years, remaining with the company until the end of the year in an advisory capacity.
Shah will be succeeded by Ralph Haberli, who joined Edelman as its president in June, and has taken on the role of acting CEO. Haberli previously worked at Capital Group, BlackRock, and the Boston Consulting Group.
“It has been an honor to lead Edelman Financial Engines and the more than 1,600 dedicated employees,”
During Shah’s tenure, Edelman’s assets under management (AUM) grew by over $50 billion, with client numbers remaining high at around 1.3 million. The firm also made strategic purchases of Soundmark Wealth Management, Cahill Wealth Management, and Hasenberg Financial Group.
Author’s summary: Jay Shah steps down as Edelman Financial Engines CEO after two years.
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