Edelman Financial announces Ric Edelman assumes role of CEO

The Edelman Financial Group announced that Ric Edelman will assume the role of Chief Executive Officer. For the past year, both Edelman and George L. Ball had served as Co-CEOs of the company. Ball will continue in his position as Chairman. The company continues to expect that its take-private transaction will close in Q3. The proposed transaction is subject to regulatory, shareholder and other approvals and certain conditions as previously announced.