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Edelman Financial Engines Appoints Tom Kimberly to EVP, Chief Product and Technology Officer

Boston, Mass., July 13, 2022 – Edelman Financial Engines, America’s top independent wealth planning and investment advisory firm1, announced that Tom Kimberly has been promoted to Executive Vice President, Chief Product & Technology Officer. Kimberly joined the firm in 2020 as Senior Vice President, Head of Product, where he led an Agile transformation of product and technology. In 2021, he assumed interim leadership over the Product & Technology organization until recently being named to this role. As chief product and technology officer, Kimberly is responsible for leading product, design and engineering teams, as well as enterprise IT, infrastructure and infrastructure security.

“Tom quickly earned the trust and respect of key stakeholders across our organization, put a new Agile operating model in place, maintained a focus on our strategic initiatives, and filled key leadership positions across our Product & Technology organization,” said Larry Raffone, president and chief executive officer. “The entire management team is impressed by what Tom has been able to accomplish in a short time frame, but more importantly how strongly he has been an advocate for the culture and mission of our firm. The insights and experiences Tom brings to the table have been invaluable for driving our technology solutions forward and positioning us for the future.”

“Edelman Financial Engines has been a pioneer in wealth management technology for decades, and we’re still on the cutting edge of what technology and financial planners can accomplish together. It’s a privilege to lead a team that is so committed to continued innovation,” said Kimberly.

Prior to joining Edelman Financial Engines, Kimberly was a senior vice president in the innovation unit of Fidelity Investments and was the general manager of Betterment’s retail and RIA custody businesses. Prior to Betterment, he was the co-founder and CEO of Upside, a white-label robo-advisor for RIAs that was acquired by Envestnet in 2015. Earlier in his career, Kimberly was the vice president of strategy and M&A at Barclays Bank and a management consultant at McKinsey & Company. He earned a Master of Arts and Master of Business Administration from Yale University and a Bachelor of Arts from the University of Pennsylvania, where he was both a University Scholar and Benjamin Franklin Scholar.

In his new position, Kimberly joins the senior leadership team and reports directly to Edelman Financial Engines CEO Larry Raffone.

About Edelman Financial Engines

Since 1986, Edelman Financial Engines has been committed to always acting in the best interests of our clients. We were founded on the belief that all investors deserve access to personal, integrated financial planning and investment advice. Today, we are America’s top independent financial planning and investment advisory firm, as recognized by Barron’s,1 (Awarded September 2021 based on data within a 12-month period. Compensation paid for use and distribution of rating.) with 145+ offices2 across the country and entrusted by more than 1.3 million clients to manage $275 billion in assets.3 Our unique approach to serving clients combines our advanced methodology and proprietary technology with the attention of a dedicated personal financial planner. Every client’s situation and goals are unique, and the powerful fusion of high-tech and high-touch allows Edelman Financial Engines to deliver the personal plan and financial confidence that everyone deserves.

1 The 2021 Top 100 Independent Advisory Firm Ranking issued by Barron’s is qualitative and quantitative, including assets managed, revenue generated, regulatory record, staffing levels and diversity, technology spending and succession planning. Firms elect to participate but do not pay to be included in the ranking. Compensation is paid for use and distribution of the rating. Investor experience and returns are not considered.

2 Firm stats as of Dec. 31, 2021.

3 Firm stats as of March 31, 2022.

Contacts
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PRTeam@EdelmanFinancialEngines.com

© 2022 Edelman Financial Engines, LLC. Edelman Financial Engines® is a registered trademark of Edelman Financial Engines, LLC. All advisory services provided by Financial Engines Advisors L.L.C., a federally registered investment advisor. Results are not guaranteed. See EdelmanFinancialEngines.com/patent-information for patent information.

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