Edelman Financial Engines completes acquisition of Soundmark Wealth Management to expand its client-first focus
May 13, 2024•over 1 year ago
Acquiring Company
Hasenberg Financial Group
Acquired Company
Hasenberg Financial Group
Santa ClaraSanta ClaraFinancial ServicesFinancial ServicesDescription
Edelman Financial Engines (EFE), a top independent wealth planning and workplace investment advisory firm, has announced the acquisition of Soundmark Wealth Management. With this acquisition, EFE aims to broaden its capabilities, reach, and client-first focus, especially in addressing the unique planning needs of medical and technology professionals, as well as small business owners.
M&A Insights
Based on deal dataIntegration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed