PE-backed Edelman Financial adds to board of directors

The Edelman Financial Group, a portfolio company of Lee Equity Partners, has appointed Charles Roame to its board of directors. Roame is the managing partner of Tiburon Strategic Advisors. Based in Houston, Edelman is a wealth management firm.

PRESS RELEASE

Fairfax, VA (PRWEB) January 16, 2014
The Edelman Financial Group Inc. (TEFG) has elected Charles “Chip” Roame, Managing Partner of Tiburon Strategic Advisors, to its Board of Directors. Through its subsidiaries, TEFG provides financial management services to individuals, corporations and financial institutions; the company has more than $20 billion in assets under management.
“Chip’s pulse on the financial services industry is unequalled and he will be a strong addition to our board,” said TEFG CEO Ric Edelman. “His perspective, strategic thinking and strong business relationships will be of great value to us as we continue our rapid growth.”
Roame joins TEFG board chair George Ball and fellow board members Ed Moore, Edelman Financial Services President and COO, and Thomas Lee, Mark Gormley, Benjamin Hochberg and Daniel Rodriguez of private equity firm Lee Equity Partners.
About Tiburon Strategic Advisors
Tiburon Strategic Advisors provides market research and strategic consultation to a wide range of financial institutions, venture capital firms and private equity firms. Mr. Roame founded Tiburon in 1998 and leads all of the firm’s consulting and research activities. The firm is well-known for its semi-annual CEO summits and conferences. Prior to Tiburon he was a business strategist at The Charles Schwab Corporation and worked as a consultant for McKinsey & Company.
About The Edelman Financial Group
The Edelman Financial Group is a wealth management company managing more than $20 billion in client assets. Client assets include the gross value of assets under management directly or via outside managers and assets held in brokerage accounts for clients by outside clearing firms. TEFG has approximately 500 employees in 21 states.
About Lee Equity Partners
Lee Equity Partners is a middle-market private equity investment firm managing more than $1 billion of capital. Lee Equity was founded by Thomas H. Lee and focuses on control buyouts and growth capital financings, typically investing $30 million to $150 million per transaction in companies with enterprise values of $100 million to $500 million. The firm seeks to partner with top-tier management teams to build companies with differentiated market position and high growth potential. Target sectors include business services, consumer/retail, distribution/logistics, financial services, healthcare services and media.

 

 

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