New Position Supports Broadening Growth Opportunities
SUNNYVALE, Calif.--(BUSINESS WIRE)--Nov. 6, 2012--
Financial Engines® (NASDAQ: FNGN), America's largest independent
registered investment advisor, today announced the promotion
of Larry Raffone, 48, to the position of President of Financial Engines.
In his new position, Raffone continues to report to Financial Engines’
chief executive officer Jeff Maggioncalda and will be responsible for
managing the execution of quarterly operating plans. He will also remain
closely aligned with the Company’s Fortune 500 customers and record
keeping partners. Since 2001, Raffone has served in the role of
executive vice president of Distribution and Institutional Services,
during which time he drove top line sales and built the distribution
system that has enabled Financial Engines to become the largest
independent registered investment advisor in America.
“To date, we’ve been singularly focused on helping people with their
401(k) accounts,” said Maggioncalda. “As we prepare to broaden our
services and enter new markets, moving Larry into the President role
will help us execute effectively on a broader range of initiatives and
allow me to dedicate more of my time as CEO to external relationships
and to longer range product and market opportunities.”
Prior to joining Financial Engines, Raffone served as the executive vice
president of Fidelity Investments Institutional Brokerage Group, a
division of Fidelity Investments. Raffone has over twenty-seven years of
experience in senior sales and client management positions within
financial services companies.
Raffone received an MBA from Babson College and a bachelor's degree in
marketing from Bryant University.
About Financial Engines, Inc. (NASDAQ: FNGN)
Financial Engines is the nation’s largest independent investment advisor
and is 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. For more information, visit www.financialengines.com.
Forward-Looking Statements
This press release contains forward-looking statements which may be
identified by terms such as “to,” “designed,” “help,” “to meet,” “can,”
“will,” or the negative of these terms, and similar expressions intended
to identify forward-looking statements. These forward-looking statements
include, but are not limited to, statements regarding the anticipated
benefits of management changes, anticipated future growth of the
Company, our market opportunity, alignment with plan sponsors and plan
providers, features and benefits of our services, and our ability to
attract customers. These statements involve known and unknown risks,
uncertainties and other factors which may cause actual results,
performance or achievements to differ materially from those expressed or
implied by such forward-looking statements. These risks and
uncertainties include, but are not limited to, demand for and perceived
benefits of our Income+ service, our ability to successfully deliver our
Income+ service or to deliver it as designed, our relationships with
plan providers and plan sponsors, our ability to compete, our regulatory
environment, and other risks, uncertainties and factors contained in the
Company’s Form 10-K for the year ended December 31, 2011 and the
Quarterly Report on Form 10-Q for the quarter ended September 30, 2012,
as filed with the Securities and Exchange Commission (the “SEC”), and in
other reports filed by the Company with the SEC from time to time. 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.

Source: Financial Engines
for Financial Engines
Cari Gushiken, (408) 498-6686
cgushiken@financialengines.com
Don
Duffy, (408) 498-6040
ir@financialengines.com