Edelman Financial Engines (EFE) has acquired Cahill Wealth Management, an investment advisory firm based in Kalamazoo, Michigan.

Cahill Wealth Management manages approximately $426m in assets for 125 clients, focusing primarily on executives in the pharmaceutical and life sciences sectors.

The acquisition marks EFE’s first transaction of 2025 and is part of the firm’s strategy to expand its presence in the US where demand for its services is growing.

The expertise of Cahill Wealth Management in financial planning, employee benefits, and tax planning is expected to enhance EFE’s existing workplace business, particularly in the life sciences sector.

Cahill Wealth Management founder and president Ryan Cahill said: “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.”

Following the acquisition, Cahill Wealth Management will operate under the EFE brand and will be fully integrated into the firm’s operations.

EFE has expressed its intention to continue seeking partnerships that align with its vision of providing enhanced value and resources to clients.

EFE CEO Jay Shah said: “Cahill Wealth Management is an outstanding addition to our team, and we are very pleased about their decision to join us.

“Investor needs are changing rapidly, and EFE continues to elevate our offering and help clients in new ways by adding talented RIAs to our team.”

Established in 1986, EFE currently manages more than $293bn in assets for approximately 1.3 million clients across more than 144 offices nationwide.

In 2021, American private equity firm Warburg Pincus purchased a minority stake in EFE. As part of the investment, Warburg managing director Michael Martin joined EFE ‘s board of directors.