Edelman Ranks No. 1 on Barron's 2010 List of Top 100 Independent Financial Advisors

HOUSTON, Sept. 7 /PRNewswire/ -- For the second year in a row, Barron's has ranked Ric Edelman, president of Sanders Morris Harris Group Inc. (Nasdaq: SMHG), as the top advisor in the nation in the prestigious publication's 2010 list of the Top 100 Independent Financial Advisors.  

Sanders Morris Harris Group owns 76% of Edelman Financial Services, an investment firm managing nearly $5 billion in client assets; Mr. Edelman is its Chairman and CEO, as well as President of Sanders Morris Harris Group.

"Ric and his team of advisors in the 18 Edelman Financial offices in six states, along with their talented support staff, have been helping thousands of households for nearly 25 years," noted George L. Ball, Chairman and Chief Executive Officer of Sanders Morris Harris Group. "This recognition of their unwavering focus is both thrilling and deserved."

"We are honored and humbled," said Ric Edelman, who noted that the announcement comes just as Edelman Financial is continuing its nationwide expansion. "We remain committed to serving consumers across the country, and are pleased to be recognized by Barron's."

The list of distinguished advisors, culled from more than 500 nominations, is based on the quality of the advisors' practices, including client retention and compliance record, contribution to the firm's profitability, and the volume of assets overseen by the advisors and their teams, according to Barron's. The publication is one of Wall Street's most well-regarded and has been published since 1921.

About Edelman Financial Services

Edelman Financial Services is one of the largest independent financial planning firms in the nation, managing nearly $5 billion for individuals and families nationwide.  Ric Edelman is a best-selling personal finance author, and host of the popular radio program The Ric Edelman Show, heard weekly in 35 markets nationwide.

About Sanders Morris Harris Group

Sanders Morris Harris Group is a wealth management company that manages approximately $11.1 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. Its corporate philosophy of investment in common aligns its interests with those of its clients.  Sanders Morris Harris has more than 560 employees in 20 states. Additional information is available at www.smhgroup.com.

SOURCE Sanders Morris Harris Group Inc.

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