This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Financial Engines Promotes Larry Raffone To President

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

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.

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free


Chart of I:DJI
DOW 17,798.49 -14.90 -0.08%
S&P 500 2,090.11 +1.24 0.06%
NASDAQ 5,127.5250 +11.3820 0.22%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs