He’s highly respected in the DC area. He’s known as someone who can help a successful individual handle income, plan for retirement, manage investments, etc. Edelman is (quietly) very generous with the wealth he has earned. He seems to be a truly good guy. His company with its various offices is trusted.
I stopped listening to his show as all of his advice seems aimed at people who have accumulated huge resources after a successful career. He had nothing to say to people who were struggling, no words of hope and help for anybody trying to deal with the hard problems of real life in this economy. At least Dave Ramsay is willing to help the stupid, sick, and unlucky. That probably just sounds like sour grapes on my part—and it is—but there’s no point listening to call after call when people say, “Rick, I have five kajillion dollars in my IRA and nine banillion in real estate investments, my annual income is in seven figures and I just can’t figure out how to spend it all. Can you help me?” In other words, none of that has any application to my life. So while he’s charming, he seems to have more to say to folks who have already made all the right choices in life. If you are a high-net-worth individual or have extensive resources, he might be an ideal guide for you.
Alternately, I can recommend a fellow Freeper who provides excellent investment advice as well. He has done wonderful work for his clients. PM me for his FR handle. He’s very good.
I don't think he has a limit, maybe 50k in investments. Which is incredibly low. His average investor's net worth is less than a Mil. Which is small compared to others.