FNGN Profile
Financial Engines, Inc. (FNGN) is an independent investment advisor that provides technology-enabled portfolio management services and investment advice to individuals and institutional clients. The company was founded in 1996 and is headquartered in Sunnyvale, California.
Financial Engines offers personalized investment management services through its platform, which uses algorithms and analytics to provide investment advice and manage portfolios based on a client's goals, risk tolerance, and other factors. The company's services are delivered through multiple channels, including employer-sponsored retirement plans, individual retirement accounts (IRAs), and taxable investment accounts.
In addition to its investment management services, Financial Engines offers financial planning tools, retirement income solutions, and other related services to help clients meet their financial goals. The company generates revenue primarily through asset-based fees, which are calculated as a percentage of assets under management.
Financial Engines has partnerships with more than 150 of the largest employers in the United States, including Boeing, Ford, and General Electric. The company also has partnerships with over 800 financial advisors, broker-dealers, and other financial institutions.
In 2018, Financial Engines was acquired by investment management firm Hellman & Friedman for approximately $3 billion. The company continues to operate as an independent subsidiary of Hellman & Friedman.
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