Financial Engines
TIME WARNER'S MONEY.COM TO FEATURE FINANCIAL ENGINES
401(K) ADVICE AND FREE PORTFOLIO FORECASTING
NEW YORK, NY, and PALO ALTO, CA., August 2, 1999 – In a move pairing one of the best known brands in personal finance with a leading online investment advisor, Time Warner's money magazine and Financial Engines will offer sophisticated portfolio forecasting and access to personalized investment advice over the Internet. The services will be available to individuals who track their portfolios at money.com, the magazine's personal finance web site as well as at Fortune.com, the website for Time Warner's leading business publication. With a single click, investors will get a free forecast of what their investments might be worth in the future based on Financial Engines' unique simulation technology. In addition, investors who would like unbiased, personalized recommendations on how much to invest in each of the funds available in their 401(k) plan can access the Financial Engines Investment AdvisorSM service through www.financialengines.com.
"Millions of individuals want to make better investment decisions, and they are looking for help from an unbiased source they can trust," said David Kieselstein, president of Time Warner's Personal Finance Group. "money is the best known and trusted brand in personal finance and Financial Engines' personalized investment advice is the perfect complement to the world-class editorial content available through Time Warner."
"Most people are worried about retirement because until now they've had no way to get a clear view of what their financial future looks like. Financial Engines has developed technology that provides a long-term view of how investments might perform. It's really a whole new way to look at investing," said Jeff Maggioncalda, president and CEO of Financial Engines. "Together with Time Warner, we want to help millions of people understand how their investment decisions can affect their long-term financial future."
How it Works
For decades, America's largest pension fund managers have relied on sophisticated methods to invest billions of dollars. The key to their approach is simulation technology that provides a long-term view of how their investments might perform. Financial Engines makes this power available to everyone.
Individuals who track portfolios on money.com and Fortune.com will have one-click access to the free Financial Engines forecasting service. The service starts with the actual investments in the portfolio. A sophisticated simulation engine then generates thousands of potential economic scenarios, creating a forecast that shows what these investments might be worth in the future. The investor is shown the chance that they will reach their investment goal and the amount of money they will have if markets do poorly. Investors who want specific 401(k) recommendations on how to improve their forecast can subscribe to the Financial Engines advisory service at www.financialengines.com.
About money.com
money.com is the web site of money which is the nation's largest financial publication, with a circulation of 1.9 million and total readership of 8.7 million*. money also provides the most affluent audience of all personal finance magazines with a median household income of $70,211*.
About Financial Engines
Financial Engines, Inc. provides online investment advice for individual investors and Fortune 500 companies. Financial Engines combines financial forecasting technology with the power of the Internet to deliver unbiased, personalized advice through a familiar browser interface. Founded by Economics Nobel Laureate William F. Sharpe, Financial Engines is dedicated to improving people's lives by helping them make better investment decisions. Financial Engines was founded in 1996 and is located in Palo Alto, Calif. For more information, visit Financial Engines' web site at www.financialengines.com.
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Financial Engines® is a registered trademark and Financial Engines Investment AdvisorSM is a service mark of Financial Engines, Inc. All other trademarks and service marks are the property of their respective owners. All advisory services are provided by Financial Engines Advisors LLC, a federally registered investment advisor.
*According to industry source MRI.