LAWRENCE M. RAFFONE
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CRD#: 1933698
Professional summary
Being a previously registered professional could mean that this person is no longer operating under the supervision of the SEC or FINRA.
That means that the Securities and Exchange Commission may not be able to oversee the services that this specific professional is providing.
LAWRENCE MICHAEL RAFFONE was a registered financial professional .
LAWRENCE is a previously registered financial professional and started their career in finance in 1989. LAWRENCE had worked at 3 firms and has passed the Series 65, Series 63 and Series 7 exams.
Biography
With over 30 years of experience in the financial services/technology industry, including 21 years at Edelman Financial Engines, Larry propelled the legacy Financial Engines business from a small venture-backed Silicon Valley start-up to the largest independent registered investment advisor in America with nearly $241 billion in assets under management today and over 1.3 million clients. Early in Larry’s tenure at legacy Financial Engines, he was responsible for building our key relationships with the largest employers and recordkeepers in America that ultimately fueled the company’s rapid growth. Larry led legacy Financial Engines through some of the most transformational moments in the company’s history, including the acquisition of The Mutual Fund Store (2016) and the merger with Edelman Financial Services (2018), resulting in the combined businesses known today as Edelman Financial Engines.
Decades ago, Larry recognized that the financial services industry was underserving the typical American family and joined legacy Financial Engines in 2001 to build a new breed of investment advisor that provides high-quality financial planning and investment advice, free from product conflict, and delivered by the best planners in the country. Larry is proud to lead a mission-driven company that puts the client’s best interest first and continues to raise the bar as Edelman Financial Engines today strives to bring much needed financial help to more people.
Prior to joining the company, Larry was Executive Vice President of Fidelity Investments Institutional Brokerage Group (IBG), a division of Fidelity Investments where he managed the correspondent services business and the RIA channel.
Larry earned a B.A. in Marketing from Bryant University and an M.B.A from Babson College.
Question & Answer
How do you get paid?
Fee Only
Are you a "fiduciary"?
No
Aliases
None
Other business activities
Outside business activity is any business or activity undertaken by an advisor that is outside the scope of their relationship with their firm (e.g., consulting services, real estate, freelance work, teaching, etc.). Investors should stay informed about these activities to ensure no conflicts of interest.
The advisor shows no other business activity.
CRS (Client Relationship Summary)
The CRS(Customer Relationship Summary) document is not provided.
Certified licenses
Advisors may have various certifications and credentials from different organizations. AdvisorCheck highlights these seven certifications - AIF®, CFP®, ChFC®, CFA, CLU®, CIMA®, CPWA®
NoneExperience
Past
June 27, 2008 - January 29, 2024
EDELMAN FINANCIAL ENGINES
RIA
CRD#: 104510
BOSTON, MA
Past
September 28, 1989 - February 12, 2001
NATIONAL FINANCIAL SERVICES LLC
BD
CRD#: 13041
BOSTON, MA
Past
March 21, 1989 - September 27, 1989
FIDELITY DISTRIBUTORS CORPORATION
BD
CRD#: 6848
SMITHFIELD, RI
Primary Firm SEC Registration
This SEC-registered firm can serve clients nationwide. Some states may require the firm to submit a notice filing if the firm has more than 5 clients or a physical office there. You can view these state-level filings under the section titled "State Registrations and Notice Filings".
EF
EDELMAN FINANCIAL ENGINES
EDELMAN FINANCIAL ENGINES | FINANCIAL ENGINES ADVISORS LLC | FINANCIAL ENGINES ADVISORS L.L.C.
CRD#: 104510 / SEC#: 801-55196
RIA
Registered Investment Advisory firm - (1/14/1998 Approved)State Registrations and Notice Filings
Listed states reflect where the advisor is authorized to serve clients under state regulations.
Visual representation of state registrations
This advisor is not registered in any state.
Exams
State Security Law Exam
State Security Law Exam
General Industry/Product Exam
Current Firm
EF
EDELMAN FINANCIAL ENGINES
EDELMAN FINANCIAL ENGINES | FINANCIAL ENGINES ADVISORS LLC | FINANCIAL ENGINES ADVISORS L.L.C.
CRD#: 104510 / SEC#: 801-55196
RIA
Registered Investment Advisory firm - (1/14/1998 Approved)Upgrade to AdvisorCheck Premium
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Contact information
Main Address
3945 Freedom Circle, Santa Clara, CA 95054
Mailing Address
Phone number
(800) 601-5957
Established
Firm type
Fiscal year end
# of Employees
1,616
SEC notice filing (53 States and Territories)
Regulatory assets under management
| Total Number of Accounts | 1,552,934 |
| AUM (Assets Under Management) | $ 292,902,969,770 |
Red Flags
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Company Information
EDELMAN FINANCIAL ENGINES
President and Chief Executive OfficerCRD#: 104510TRUST BUT VERIFY
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Contact information
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