NEW YORK & PALO ALTO, Calif.--(BUSINESS WIRE)--May. 8, 2012--
Financial Engines and J.P. Morgan Retirement Plan Services today
announced that Financial Engines® Income+ has been integrated
into J.P. Morgan Retirement Plan Services’ 401(k) offering.
Income+ is available as part of J.P. Morgan’s in-plan professionally
managed account program, J.P. Morgan Personal Asset Manager, which works
within a 401(k)’s existing investment line-up to enable more
personalized portfolios designed to provide steady retirement income.
“J.P. Morgan is committed to furthering investment line-up innovation,”
said Donn Hess, Managing Director and Head of Product Development at
J.P. Morgan Retirement Plan Services. “Income+ is one tool that helps
provide the innovation and flexibility needed to help workers prepare
for and generate steady and reliable income in retirement.”
Income+ is designed to balance safety and growth in the years leading up
to retirement. It provides steady monthly payouts from a 401(k) account,
which can last for life with the optional purchase of an out-of-plan
“With the successful implementation of Income+ at J.P. Morgan, Income+
is now fully rolled out at three large plan providers, which serve
nearly 25 percent of the large plan market,” explained Larry Raffone,
Executive Vice President of Distribution and Institutional Service at
Financial Engines. “We are excited that demand for Income+ remains
strong and will continue to make Income+ available to more participants
throughout the year, ensuring that they get the professional retirement
help they need to reach their retirement goals.”
About J.P. Morgan Asset Management
J.P. Morgan Asset Management, with assets under supervision of
approximately $2.0 trillion and assets under management of $1.4 trillion
(as of March 31, 2012), is a global leader in investment management.
J.P. Morgan Asset Management’s clients include institutions, retail
investors and high-net worth individuals in every major market
throughout the world. J.P. Morgan Asset Management offers global
investment management in equities, fixed income, real estate, hedge
funds, private equity and liquidity. JPMorgan Chase & Co. (NYSE: JPM),
the parent company of J.P. Morgan Asset Management, is a leading global
asset management firm with operations in more than 60 countries.
Information about JPMorgan Chase & Co. is available at www.jpmorganchase.com.
About Financial Engines
Financial Engines is the nation’s largest independent investment
advisor, committed to providing everyone the trusted retirement help
they deserve. The company helps investors with their total retirement
picture by offering personalized retirement plans for saving,
investment, and retirement income. To meet the needs of different
investors, Financial Engines offers both Online Advice and Professional
Management. Co-founded in 1996 by Nobel Prize-winning economist Bill
Sharpe, Financial Engines works with America's leading employers and
retirement plan providers to make retirement help available to millions
of American workers. Financial Engines Advisors L.L.C. is a subsidiary
of Financial Engines, Inc. (NASDAQ: FNGN).
For more information, please visit www.financialengines.com.
The statements in this release are not guarantees of future performance
or plans. Please see Financial Engines’ SEC filings for more detailed
discussions of the risks that could impact our future operating results
and financial condition. We undertake no obligation to update the
statements in this release to reflect events, circumstances or changes
that might arise after the issuance of this release.
Source: Financial Engines
Mike Jurs, 650-565-7791