Edelman Financial Engines has promoted Neil Gilfedder to executive vice president and chief investment officer, effective as of March 1. Gilfedder is succeeding Christopher Jones, who had served as CIO since 2001 and will transition to a special advisor for the firm.
Based in Santa Clara, California, Gilfedder will report to president and CEO Larry Raffone and serve as the chairman of the firm’s Investment Committee.
Gilfedder previously served as senior vice president of the portfolio management team at Edelman, where he managed the team responsible for the operations and quality control of client portfolios across the company’s wealth planning and workplace businesses, representing more than 1.3 million clients and $242 billion in assets.
“Neil’s experience, deep institutional knowledge and commitment to our clients positioned him as the natural successor to lead our investment management function,” said Larry Raffone, president and chief executive officer of Edelman Financial Engines. “Chris Jones and our co-founder and Nobel laureate William F. Sharpe created a strong foundation for our investment methodology that has helped countless families achieve their financial objectives for nearly three decades, and Neil will now take our investment management expertise into our next phase of growth.”
“I have been very fortunate to work alongside great innovators during my career, and I am excited for this opportunity to build upon such a special legacy,” said Gilfedder. “I was drawn to Edelman Financial Engines because of its investment philosophy, innovative vision, and mission to help millions of investors reach their financial potential. Those values still hold today, and I am honored to be charged with this responsibility.”
Before joining Edelman in 2014, Gilfedder was managing director at MSCI, where he was head of applied research and business manager of research. Gilfedder holds a bachelor’s degree in philosophy and economics from the University of York and a master’s degree in economics from Stanford University.
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Amanda Umpierrez is the Managing Editor of 401(k) Specialist magazine. She is a financial services reporter with over six years of experience and a passion for telling stories and reporting news. Amanda received her degree in journalism and government and politics at St. John’s University. She is originally from Queens, New York, but now resides in Denver, Colorado with her partner. In her free time, Amanda enjoys running, cooking, and watching the latest drama show.
