Jay Shah Steps Down as Edelman Financial Engines CEO
Jay Shah is stepping down from his CEO position at Edelman Financial Engines after more than two years.
Shah will remain with the company until the end of the year in an advisory capacity.
Ralph Haberli, who joined Edelman as its president in June, has taken on the role of acting CEO.
“It has been an honor to lead Edelman Financial Engines and the more than 1,600 dedicated employees,”
said Shah in a statement.
- Shah previously led the robo-advisor Personal Capital.
- He replaced Larry Raffone as Edelman’s top chief in 2023.
- During Shah’s tenure, Edelman’s AUM has grown by more than $50 billion.
- The firm’s client numbers have remained high at around 1.3 million.
- Edelman has 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.