A Boston wealth planning and investment advisory firm expanded its Michigan footprint with the acquisition of Portage-based Cahill Wealth Management LLC.
The acquisition boosted Edelman Financial Engines (EFE) to six offices in Michigan. The firm also has locations in Grand Rapids, Ann Arbor, Northville, Novi and Troy.
Specializing in serving executives in the pharmaceutical and life sciences industries with financial planning, employee benefits and tax planning, Edelman Financial Engines has more than 140 offices in 36 states with more than $293 billion in assets under management.
“Cahill Wealth Management is an outstanding addition to our team, and we are very pleased about their decision to join us,” Edelman CEO Jay Shah said in a statement. “Investor needs are changing rapidly, and EFE continues to elevate our offering and help clients in new ways by adding talented (registered financial advisors) to our team.”
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Edelman Financial Engines plans to fully integrate Cahill Wealth Management and operate the firm under its brand, according to a statement on the acquisition. Terms of the deal were undisclosed.
Cahill Wealth Management also specializes in serving executives in the life sciences industry. The acquisition “complements EFE’s workplace business as their expertise serving executives in the life sciences space will be additive to these relationships,” according to a statement.
“After thorough due diligence, I decided to partner with Edelman Financial Engines because I believe in their leadership, feel they have similar values, and will be able to provide our team and clients with the support and advanced resources they deserve,” said Ryan Cahill, founder and president of Cahill Wealth Management.
The Cahill Wealth Management acquisition was Edelman’s first in 2025 as the firm “continues to expand its footprint in regions of the U.S. where there is an increasing demand for its services.” Edelman intends to “continue to seek additional partners that have a shared vision to grow their practice by bringing more value and resources to clients,” the firm said in the announcement.
“As we extend our reach throughout the country, particularly in the Midwest, we seek partners who prioritize client service and align with our fundamental principles,” Suzanne van Staveren, executive vice president, chief financial officer and chief operating officer at Edelman Financial Engines, said in a statement. “We have a long history of guiding employees of large enterprises on both their retirement accounts and greater financial plans, and we look forward to partnering with Cahill to deepen our expertise in the life sciences sector.”
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