Financial Engines Now Serving More Than 1 Million Managed Account Clients

Financial Engines (NASDAQ:FNGN), America's largest independent registered investment advisor, 1 today announced that it is now serving more than a million managed account clients, both in and outside of the workplace. Since pioneering managed accounts in 2004, the company has steadily increased its client base to become the industry's largest managed account provider. Financial Engines currently manages more than $124 billion 2 in assets on behalf of clients in the workplace, more than all workplace managed account competitors combined. 3

Financial Engines delivers its investment advisory and financial planning services to more than 9 million people through more than 700 large employers and 125 Financial Engines Advisor Centers nationwide. In addition to its managed accounts clients, Financial Engines provides financial wellness, independent online advice and comprehensive financial planning services to millions more people. Leveraging a combination of technology and advisors, Financial Engines is able to reach investors who typically don't have access to high-quality investment management. The average account balance of the company's defined contribution clients is approximately $130,000.

"We are proud to be serving more than a million Americans, who have trusted Financial Engines to provide the objective, high-quality investment management they need to achieve their financial goals," said Larry Raffone, president and CEO of Financial Engines. "We've served as a fiduciary on behalf of our clients from the beginning and are dedicated to putting their interests first. And the best part is that we're just getting started. We're providing clients with an even broader array of services and improved access to our independent advisors to help them attain greater financial security."

In September, Financial Engines announced that it was expanding its services to offer comprehensive financial planning through the workplace, including the opportunity to work with a dedicated financial advisor. With the new services, the company is now uniquely positioned to help clients with their entire financial picture, including their 401(k), IRA and taxable assets, and comprehensive financial planning and wellness -- all with the help of dedicated advisors throughout its network of local advisor centers.

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