Air Line Pilots Association Offers Financial Engines Investment Advisor Service 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)--March 31, 1999--Financial Engines Inc., a pioneering provider of online investment advice, today announced that the staff group of the Air Line Pilots Association (ALPA ALPA abbr. Air Line Pilots Association ) has selected 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 (TM) to provide them with online 401(k) investment advice. The Air Line Pilots Association represents more than 52,000 airline pilots in the United States and Canada and is their voice for labor-union and aviation-safety issues. "We are pleased to be providing our staff with an online 401(k) advisory service that truly helps them make decisions that will improve the chance that they reach their retirement goals," said Dave Vance, director of retirement and insurance for ALPA. "After conducting a careful evaluation of online investment 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 we chose Financial Engines because we believe it provides high quality advice on how to invest 401(k) savings, giving users an actual forecast of the likelihood that they will reach their goals." "ALPA's adoption of the Financial Engines Investment Advisor reflects the building momentum of the 401(k) advice market," 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. "Leading plan sponsors like ALPA realize that advice is a powerful way to help employees make the most of their 401(k) benefit. We are very excited to be working with ALPA to help their employees invest their 401(k) savings to gain greater retirement security." The Financial Engines Investment Advisor The Financial Engines Investment Advisor was developed by Economics Nobel Laureate William F. Sharpe and a team of leading software and finance experts. The Advisor service combines techniques used by pension fund managers with Internet technology to deliver impartial, personalized investment advice to 401(k) plan participants Plan participants Employees or other beneficiaries who are eligible to receive benefits from a company's employee benefit plan. . The Advisor shows participants the chance that they will reach their retirement goals based on personal information, including savings rate Savings rate Personal savings as a percentage of disposable personal income. and any specific mutual funds and stocks held inside and outside of the 401(k) plan. The Advisor uses simulation technology to show how much income a participant is likely to have in retirement. If participants would like to improve their forecast, the Advisor makes specific fund recommendations and shows how these recommendations impact their future outcomes. About ALPA The Air Line Pilots Association, the world's largest and oldest professional pilots union, has been a leading advocate of aviation safety since its founding in 1931. ALPA represents 52,000 pilots at 51 airlines in the U.S. and Canada. About Financial Engines Financial Engines offers online investment advisory services for individual investors. Financial Engines' Internet-based software combines techniques time-tested by the largest pension funds with proprietary breakthroughs in mathematical finance and simulation technology to offer ongoing, personalized advice on an investor's total portfolio. Financial Engines seeks to revolutionize the economics and delivery of investment advice to individuals by offering institutional-quality advice using Internet-based technologies. A core value of Financial Engines is to help investors understand and take control 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. . For more information, visit Financial Engines' web site at http://www.financialengines.com. Financial Engines(TM) and Financial Engines Investment Advisor(TM) are trademarks 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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