I sat down with one of the most recognized and influential names in the financial services industry: Ric Edelman.
From starting as a new advisor to building the largest RIA in the country, (with over $300 Billion in assets managed) Ric’s journey is filled with insights, strategies, and bold thinking that every advisor can learn from.
In this Top Advisor Podcast interview we dive into what it took to grow a billion-dollar firm, what’s coming with the great generational wealth transfer (his answer might surprise you), and how advisors can remain radically relevant in a rapidly evolving profession.
Whether you’re early in your career or an industry veteran, Ric’s perspective will challenge and inspire you to think bigger, act bolder, and adapt smarter.
In this episode, Ric shares his journey from angry consumer to industry leader.
Ric reveals how financial education and inclusion became the foundation for his firm’s growth, his contrarian views on the wealth transfer, and what advisors should do now to remain relevant and meaningful in their clients’ lives.
Ric and Bill Discuss:
- How a bad experience with an advisor led him and his wife Jean to build a firm focused on consumer education and accessibility
- How and why serving the mass affluent can lead to long-term growth and impact
- His belief that The Great Wealth Transfer may be overstated due to longevity, healthcare costs, and concentrated wealth
- How financial advisors can stay relevant by helping clients with lifelong learning, career transitions, and life planning
- Key challenges that younger advisors (and seasoned pros) will need to navigate over the next two decades
- Ric’s take on relevance — and why staying relevant is non-negotiable in today’s advisory landscape
- A brief look at Ric’s philanthropic passion project: The Edelman Fossil Park & Museum
- Why understanding blockchain, crypto, and exponential technologies is essential for advisors aiming to provide complete service
- … And more!
Related: Generational Wealth Starts Here: 3 Stories That Will Change How You Think