SUNNYVALE, Calif.--(BUSINESS WIRE)--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 retirement.
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.
Forward-Looking Statements
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/).
