Edelman Financial Engines Buys $1.5B New England Retirement Planner 

Edelman Financial Engines (EFE), a wealth planning and investment advisory firm, has acquired RI-based New England Pension Plan Systems (NEPPS), a national, full-service retirement-plan consulting firm, and its affiliate New England Investment Consultants (NEIC), a registered investment advisor, adding approximately $1.5 billion and 500 clients to the firm. 

EFE said this is its largest acquisition based on assets under management since the firm began executing its current M&A strategy in 2021. 

“As we continue to grow both organically and through acquisitions, we are seeing more demand from small business owners seeking advice on managing their companies’ retirement plans. The addition of NEPPS adds to the strong existing foundation we have in providing the workplace with personalized retirement advice at scale,” said Suzanne van Staveren, EVP, CFO and COO at EFE. 

The latest deal follows EFE’s the acquisitions of PRW Wealth Management last month and Align Wealth Management in October. It also acquired Erman Retirement Advisory, Hermann & Cooke and Smart Investor late last year. 

The transaction increases Edelman’s growing presence in the Northeast while expanding its business serving small employers with retirement plans. The firm said it plans to have “ongoing conversations with strong potential partners into the new year.”  

Santa Clara, CA-based EFE managed over $250 billion in assets for more than 1.3 million clients as of September 30.