Edelman CFO Leaves to Join Insurance Brokerage

Core Insights - Suzanne van Staveren has left Edelman Financial Engines to become the CFO of IMA Financial Group, marking a significant leadership change at Edelman, which is currently seeking a new CFO [1][2]. Group 1: Leadership Changes - Van Staveren joined Edelman in April 2022 from Goldman Sachs, where she served as CFO of the Personal Financial Management Group [2]. - Edelman has seen a series of leadership changes, including the promotion of its new president to acting CEO as the firm evaluates its long-term needs [3]. - Recently, Edelman's Chief Compliance Officer Bob Lavigne also departed for Hightower, and the firm is in the process of hiring a new CCO [4]. Group 2: Company Background - Edelman Financial Engines was formed in 2018 through the merger of Ric Edelman's RIA and Financial Engines, a tech-focused retirement plan advisor [5]. - In 2021, the firm received a minority investment from Warburg Pincus, indicating positive market reception [5]. - Jay Shah, who became CEO in May 2023, previously oversaw the sale of Personal Capital and has been expanding the firm's wealth business through acquisitions [6].