Financial Engines
CBSMARKETWATCH.COM TO OFFER FINANCIAL ENGINES® PORTFOLIO FORECASTERSM SERVICE
New Feature Allows Users to Forecast the Future of Investments
PALO ALTO, Calif., January 10, 2001 – MarketWatch.com, Inc. (NASDAQ: mktw), the leading interactive financial media company, and Financial Engines today announced an agreement to provide Financial Engines' sophisticated portfolio forecasting and access to personalized advice to users of CBS MarketWatch.com's Portfolio Tracker.
"Financial Engines gives you an idea of what your investments could be worth just a year from now - or decades later upon retirement," said Bill Bishop, MarketWatch.com's Executive Vice President of Business Development. "It is a powerful addition to MarketWatch.com's personal finance offerings, one that underscores our commitment to providing investors with the best portfolio tools available."
The agreement enables users of CBSMarketWatch.com's Portfolio Tracker to use Financial Engines' technology to estimate the potential value of their portfolios one to 30 years into the future with just one mouse click. Based on Financial Engines' forecasting technology developed by Nobel Laureate Bill Sharpe, the service also offers investors access to unbiased personalized recommendations on how much to invest in specific funds through www.financialengines.com.
"At this time of year, many investors resolve to take control of their finances but are unsure how to begin," said Jeff Maggioncalda, president and CEO of Financial Engines. "In working with CBSMarketwatch, we are able to provide an easy way for many more investors to understand their long-term financial picture."
About MarketWatch.com, Inc.
MarketWatch.com, Inc. (Nasdaq: MKTW) a leading interactive financial media company provides fast, relevant information via the Internet, television, radio, and print to help people make and save money. The Company operates comprehensive, financial Internet Web sites at cbs.marketwatch.com and www.bigcharts.com and, in a joint venture with the Financial Times of London, launched its first international site at www.ftmarketwatch.com. MarketWatch.com's financial news and tools are licensed in custom-designed formats by major brokerages and Internet sites. The Company also produces CBS MarketWatch Weekend, covering over 80% of the U.S. on 132 CBS television stations, and provides daily business and economic reports on CBS Television and Radio Network news programming. The MarketWatch.com Radio Network reports, distributed by Westwood One, are heard in the top ten U.S. markets on 137 stations. In addition, MarketWatch.com made its print debut with the Daily News Express, a commuter newspaper edition of the New York Daily News.
Founded in 1997 and headquartered in San Francisco, MarketWatch.com has facilities and bureaus in New York City, Minneapolis, Washington D.C., Los Angeles, Chicago, Boston, Seattle, Detroit, Atlanta, Dallas, Tokyo, Hong Kong and London. The MarketWatch.com Web sites are the most popular Internet destinations for business and financial news and information, according to the latest data from Media Metrix.
About Financial Engines
Financial Engines offers its wealth management platform to help corporations and financial institutions offer consistent personal advisory services to individual investors through the web, phone, and face-to-face. Financial Engines combines the power of the Internet with an investment methodology used by pension fund managers and based on scientific research to make high quality advice available to all investors. Founded by Economics Nobel Laureate William F. Sharpe, Financial Engines is dedicated to helping individuals make better investment decisions to meet their financial goals. 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 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.