AIG Provides Financial Engines Investment Advice to Its Employees; Global Leader in Insurance Risk Management Helps Its Employees Manage Their Financial Futures.Business Editors PALO ALTO, Calif.--(BUSINESS WIRE)--Dec. 20, 2000 Financial Engines(R) has announced that American International Group
American International Group, Inc. (AIG) (NYSE: AIG; TYO: 8685 ) is a major American insurance corporation based in New York City. , Inc. (NYSE NYSE See: New York Stock Exchange :AIG AIG addressee indicator group (US DoD) AIG American International Group, Inc AiG Answers in Genesis (religious group in defense of Scripture) AIG Artificial Intelligence Group AIG Australian Industry Group ) has selected Financial Engines to provide online investment advice to eligible U.S. employees. AIG, the leading U.S.-based international insurance and financial services organization and the largest underwriter of commercial and industrial insurance in the United States, is the tenth FORTUNE 500(R) company to provide 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 (SM) service to its employees. "We are pleased to be offering a valuable tool that will help our employees make educated decisions in planning their financial future," said Axel Freudmann, Senior Vice President Human Resources, AIG. In deciding to offer online investment advice, AIG is leading a growing trend. According to a survey by Financial Engines and Eager Manager 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 , seventy-two percent (72%) of plan sponsors expect to offer financial advice and planning to their employees over the next two years. "AIG is a leading player in the insurance and financial services industry because of its commitment to innovation and the entrepreneurial spirit," said Brian Samuels, vice president of field operations, Financial Engines. "AIG, in providing online advice to its plan participants Plan participants Employees or other beneficiaries who are eligible to receive benefits from a company's employee benefit plan. , is demonstrating its leadership as an employer and we are very pleased that we can facilitate their efforts." About AIG AIG is the leading U.S.-based international insurance and financial services organization and the largest underwriter of commercial and industrial insurance in the United States. Its member companies write a wide range of commercial and personal insurance products through a variety of distribution channels in approximately 130 countries and jurisdictions throughout the world. AIG's global businesses also include financial services and asset management, including aircraft leasing, financial products, trading and market making, consumer finance, institutional, retail and direct investment fund asset management, real estate investment management, and retirement savings products. American International Group, Inc.'s common stock is listed on the New York Stock Exchange New York Stock Exchange (NYSE) World's largest marketplace for securities. The exchange began as an informal meeting of 24 men in 1792 on what is now Wall Street in New York City. , as well as the stock exchanges in London, Paris, Switzerland and Tokyo. About Financial Engines Financial Engines provides online investment advice for individual investors and participants in defined contribution plans Defined contribution plan A pension plan whose sponsor is responsible only for making specified contributions into the plan on behalf of qualifying participants. Related: Defined benefit plan of all sizes. Financial Engines combines financial forecasting technology with the power of the Internet to deliver unbiased, personalized advice through a familiar browser interface. Founded by Economics Nobel Laureate William F. Sharpe, Financial Engines is dedicated to helping individuals make better investment decisions to meet the financial needs of their families. Financial Engines was founded in 1996 and is located in Palo Alto, Calif. For more information, visit Financial Engines' web site at www.financialengines.com. Note to Editors: Financial Engines(R) is a registered trademark, and Financial Engines Investment Advisor(SM) is a service mark of Financial Engines, Inc. All other trademarks and service marks are the property of their respective owners. All advisory services are provided by 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 . |
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