Calls Rule Workable for Advisors, Good for Retirement Plan
SUNNYVALE, Calif.--(BUSINESS WIRE)--Aug. 13, 2015--
Financial Engines (NASDAQ:FNGN), America’s largest independent
registered investment advisor1, today announced that the
company’s chief investment officer Christopher Jones will testify at
today’s U. S. Department of Labor hearings on the proposed Conflict of
Interest Rule. Financial Engines supports the rule, which would require
more retirement investment advisors to serve as fiduciaries, legally
required to place their clients’ interests ahead of their own.
In his testimony, Jones plans to commend the Department of Labor for
looking out for retirement investors, and explain that Financial Engines
is living proof that it is possible to serve in a fiduciary role for its
customers and run a successful business.
“We support the DOL’s fiduciary proposal because now more than ever,
individuals need unconflicted investment advice to successfully plan for
retirement,” explained Jones. “Based on our nearly 20 years of
experience, we believe that the DOL’s fiduciary proposal is both
workable for advisors and beneficial for retirement plan participants.
Technology enables Financial Engines to provide independent and
high-quality investment advice to individuals, regardless of their
wealth or investment experience.”
About Financial Engines
Financial Engines is America’s largest independent investment advisor.
We help people make the most of their retirement assets by providing
professional investment management and advice. Headquartered in
Sunnyvale, CA, Financial Engines was co-founded in 1996 by Nobel
Prize-winning economist Bill Sharpe. Today, we offer retirement help to
more than nine million employees across 600+ companies nationwide
(including 143 of the Fortune 500). Our investment methodology, combined
with powerful online services, dedicated advisor center and personal
attention allow us to help more Americans get on the path to a secure
Advisory and sub-advisory services provided by Financial Engines
Advisors, L.L.C., a federally registered investment advisor and
wholly-owned subsidiary of Financial Engines, Inc. Financial Engines
does not guarantee future results.
This press release contains forward-looking statements, including
statements regarding the use of professional investment and financial
planning help, which involve risks and uncertainties that could cause
actual results to differ materially. These risks and uncertainties are
outlined in our SEC filings. You are cautioned not to unduly rely on
these forward-looking statements, which speak only as of the date of
this press release. Unless required by law, Financial Engines undertakes
no obligation to publicly revise any forward-looking statement to
reflect circumstances or events after the date of this press release or
to report the occurrence of unanticipated events.
1 For independence methodology and ranking, see
InvestmentNews Center (http://data.investmentnews.com/ria/).
View source version on businesswire.com: http://www.businesswire.com/news/home/20150813005250/en/
Source: Financial Engines, Inc.
Mike Jurs, 408-498-6590
Gardell Kreuter, 646-428-0618