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.
Ralph Haberli, who joined Edelman as president in June, has taken on the role of acting CEO. He 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,”
Shah said in a statement. During his tenure, Edelman’s AUM grew by over $50 billion, with client numbers remaining high at around 1.3 million. The firm also made strategic purchases, including 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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