3Com Selects Financial Engines to Provide Online Investment Advice to Its Employees.PALO ALTO Palo Alto, city, California Palo Alto (păl`ō ăl`tō), city (1990 pop. 55,900), Santa Clara co., W Calif.; inc. 1894. Although primarily residential, Palo Alto has aerospace, electronics, and advanced research industries. , Calif.--(BUSINESS WIRE)--Oct. 12, 1999-- Financial Engines(R), Inc. today announced that 3Com(R) Corporation (Nasdaq:COMS COMS 3Com Corporation (stock symbol) COMS Certified Orientation and Mobility Specialist COMS Continuous Opacity Monitoring Systems COMS City of Manchester Stadium (UK) ) has selected Financial Engines to provide online investment advice to its approximately 10,000 eligible 401(k) plan participants Plan participants Employees or other beneficiaries who are eligible to receive benefits from a company's employee benefit plan. . 3Com is the second largest networking company in the world, delivering end-to-end connectivity solutions to consumers, small businesses, large enterprises and public network carriers. "Our evaluation of the online 401(k) advisory service providers was rigorous," said Art Taylor, vice president and treasurer of 3Com. "A key reason we chose the Financial Engines Investment Advisor Investment Advisor 1. A person making investment recommendations in return for a flat fee or percentage of assets managed, known as a commission. 2. For mutual fund companies, it is the individual who has the day-to-day responsibility of investing and monitoring the cash and was its ability to give users a realistic assessment of what their investments might be worth at retirement. The service also shows them potential downside risk Downside Risk An estimation of a security's potential to suffer a decline in price if the market conditions turn bad. Notes: You can think of this as an estimate of the amount that you could lose on a stock or other investment. inherent in any investment strategy, allowing them to make more informed investment decisions." "Through Financial Engines we are able to offer our employees a revolutionary new benefit," said Bill Dietz, director of compensation and benefits for 3Com. "Its interactive style is easy to use and it presents to our employees a clear picture of their financial futures financial futures Obligations to buy or sell particular positions in financial instruments. The features of financial futures are identical to those of any futures contract except that the asset for delivery is of a financial nature. and an understanding of the likelihood that they will reach their retirement goals." "This is the second Fortune 500 company to implement Financial Engines' Investment Advisor service in two weeks' time," said Jeff Maggioncalda, president and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of Financial Engines. "3Com's leadership reinforces our belief that online investment advice will become a standard part of 401(k) plans." Employees access the Financial Engines Investment Advisor(SM) service through the Financial Engines web site (www.financialengines.com), where they enter personal information about themselves, including desired retirement age and any mutual funds and stocks held in non-401(k) accounts such as IRAs and brokerage accounts. Their 401(k) account balances are automatically loaded via a connection with State Street Global Advisors (the third largest investment management organization in the U.S.). Powerful simulation technology then forecasts what their actual investments might be worth in the future. This technology, based on methods used for decades by America's most sophisticated pension funds, helps employees see how the decisions they make today can impact the quality of life in retirement. The Advisor service creates a detailed, personal action plan that employees can use to implement decisions about their finances. About 3Com Corporation With more than 300 million customers worldwide, 3Com Corporation connects more people to information in more ways than any other networking company. 3Com delivers innovative information access products and network system solutions to large, medium and small enterprises; carriers and network service providers; PC OEMs; and consumers. 3Com -- More connected(TM). For further information, visit 3Com's World Wide Web site at www.3com.com or the press site at www.3com.com/pressbox. About Financial Engines Financial Engines is an Internet-based investment advisor that provides specific mutual fund recommendations to people who care about long-term financial security. Financial Engines was founded in 1996 by Economics Nobel Laureate William F. Sharpe and is located in Palo Alto. Financial Engines offers its service to individuals on its website at www.financialengines.com, and works with Fortune 500 sponsors and leading 401(k) service providers to offer investment advice to the employees they serve. Note to Editors: Financial Engines(R) is a registered trademark and Financial Engines Investment Advisor(SM) is a service mark of Financial Engines, Inc. 3Com is a registered trademark and More connected is a trademark of 3Com Corporation. All other trademarks and service marks are the property of their respective owners. Financial Engines Advisors LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control , a federally registered investment advisor Registered Investment Advisor (RIA) is a designation obtainable in the United States by an individual who has registered with the U.S. Securities and Exchange Commission or state regulatory agency (where the primary business is situated or multiple States in some cases) in and wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. of Financial Engines, Inc., provides all advisory services advisory services advisory services provided to the public, in their capacity as owners and managers of animals, are an important part of veterinary science. They may be provided by government bureaux, by commercial companies who deal in pharmaceuticals or animals or animal . |
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