Financial Engines
FINANCIAL ENGINES® TO PROVIDE OUTCOMES-BASED INVESTMENT ADVICE TO HP EMPLOYEES
Financial Engines Personal Advisory Services Assist Employees with Diversification, Savings and Risk Decisions
PALO ALTO, Calif., January 15, 2002 – Financial Engines, Inc. today announced that it will provide outcomes-based investment advice on 401(k) and other tax-deferred investments for Hewlett-Packard Company employees. Financial Engines provides personal advisory services based on proven investment principles developed by economics Nobel Laureate William F. Sharpe as a way to help employees invest wisely to meet their retirement goals.
Financial Engines provides employees the resources to assist them in making decisions about diversification, savings and risk. Financial Engines' investment advisory service helps employees create and adopt forward-looking investment strategies that let desired future goals, rather than individual investment products, drive investment choices.
Financial Engines also works with defined contribution plan providers to populate its advisory service with employee specific information on 401(k) savings, including account balances, how funds are currently invested and what investments are available through a company's plan.
"We are proud to provide high-quality, outcomes-based investment advice to HP's defined contribution plan participants," said Brian Samuels, executive vice president of client services at Financial Engines. "Our total retirement advice on 401(k) and other tax deferred investments provides employees with the ability to explore and implement personalized investment strategies that take into account each individual's unique account holdings and retirement goals."
About Financial Engines
Financial Engines creates innovative advice technology that enables financial institutions, professionals and employers to provide investment solutions to their clients and employees. The Financial Engines Advisory Services Platform delivers sophisticated outcomes-based investment advice across multiple delivery channels. Founded in 1996 by Nobel Prize winning economist Bill Sharpe, Financial Engines began with a revolutionary vision: make institutional-quality advice available to financial institutions and employers that serve individual investors. For more information on Financial Engines visit www.financialengines.com.
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Financial Engines® is a registered trademark of Financial Engines. 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.