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yellow building block among shiny gray and black blocks Edelman Financial Engines is still in the earliest stage of developing a platform that can be integrated with human advisers to access the more than 1 million plan participants currently serviced on the Financial Engines side. (Photo: Shutterstock)

When it was announced last spring that Hellman & Friedman, the private equity firm that already owned a majority stake in Edelman Financial Services, was throwing down $3 billion in cash to take 401(k) provider Financial Engines private, one prominent industry voice predicted the deal would present an existential threat to trillions of dollars in potential IRA rollovers.

Nick Thornton

BenefitsPRO

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