#1 RIA Valued at $7.3 Billion in Investment from PE Firm Warburg Pincus

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The #1 independent advisory firm in the country just announced has a new investment from Warburg Pincus.  The PE firm is acquiring minority ownership and joining the board of Edelman Financial Engines, which manages $260 in assets. According to the release, this strategic investment values the nation's top RIA at $7.3 billion and is expected to close in the second quarter of this year.