SUNNYVALE, Calif.--(BUSINESS WIRE)--Feb. 15, 2018--
Financial Engines, (NASDAQ: FNGN), America’s largest independent
investment advisor1, today announced it has significantly
expanded its strategic relationship with global investment management
organization T. Rowe Price to now offer Financial Engines’ full suite of
advisory services and deliver an improved user experience to plan
participants who have T. Rowe Price as their recordkeeper.
“As the demand for independent advisory services grows, we are excited
to offer a best-in-class integration enabling us to deliver a broader
set of services to participants and take our longstanding relationship
to the next level,” said John Bunch, Executive Vice President and Chief
Operating Officer at Financial Engines. “Together, we’re bringing
high-quality, independent financial help and an elevated user experience
to more of T. Rowe Price’s recordkeeping clients, allowing us to help
more people reach their financial goals.”
Under the expanded agreement, Financial Engines can deliver its full
suite of advisory services to T. Rowe Price plan sponsor clients. In
addition to Online Advice and Professional Management, the expanded
services now include:
Personal Advisor — personalized professional management
for all accounts (401(k), IRA and taxable accounts), comprehensive
financial planning and a dedicated advisor, available by phone or
in-person at 140+ advisor centers nationwide;
Retirement income — including Income+, Financial
Engines’ leading in-plan retirement income planning solution designed
for 401(k) participants and Social Security claiming guidance through
Financial Engines’ well-regarded Social Security Planner; and
Financial Guidance and Wellness — education and digital content
to complement programs offered by T. Rowe Price, including Financial
Engines’ new college and healthcare expense planners.
With the enhanced relationship, Financial Engines can be the primary
financial advisor to help employees beyond their retirement needs.
Participants have access to Financial Engines’ non-commissioned
Investment Advisor Representatives, either over the phone or in-person
at one of the 140+ advisor centers nationwide. Additionally, T. Rowe
Price and Financial Engines now have a stronger, integrated web
experience that includes enhanced single-sign-on capabilities, seamless
transaction capabilities, and dynamic, personalized web messaging.
The expanded relationship is already helping companies, such as KLM
Royal Dutch Airlines, broaden the financial help and services available
to their plan participants. “We believe a meaningful and valuable user
experience for our employees drives greater engagement with advisory
services, and ultimately helps them take concrete actions to improve
their overall financial wellness,” said Tom Ruby, Deputy VP Human
Resources, KLM Royal Dutch Airlines.
“T. Rowe Price is committed to providing excellence to our growing list
of plan sponsor clients and to all of their plan participants,” said
Andy Heiges, group manager for retirement income and advice for T. Rowe
Price. “Our expanded relationship with Financial Engines strengthens the
help we can deliver to our participants by combining independent,
comprehensive advisory services, a powerful online client experience,
and the personal attention of a dedicated advisor.”
About Financial Engines
With roots in Silicon Valley, Financial Engines is the nation’s largest
independent investment advisor. We believe that all Americans -- not
just the wealthy -- should have access to high-quality, unbiased
financial help and our client’s best interests should always come first.
Today, more than 700 of the nation’s most respected employers trust
Financial Engines to offer professional financial help to more than nine
million employees nationwide.
For more information, visit www.financialengines.com.
All advisory services provided by Financial Engines Advisors L.L.C.
Financial Engines does not guarantee future results.
About T. Rowe Price
Founded in 1937, Baltimore-based T. Rowe Price Group, Inc. is a global
investment management organization with $1.05 trillion in assets under
management as of January 31, 2018. The organization provides a broad
array of mutual funds, subadvisory services, and separate account
management for individual and institutional investors, retirement plans,
and financial intermediaries. The company also offers sophisticated
investment planning and guidance tools. T. Rowe Price’s disciplined,
risk-aware investment approach focuses on diversification, style
consistency, and fundamental research. For more information, visit
troweprice.com or our Twitter,
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/20180215005231/en/
Source: Financial Engines
Amy Conley, 617-556-2305
Gardell Kreuter, 646-428-0618