America Online and Financial Engines Announce Two-year, Multi-Million Dollar Agreement.DULLES, Va. & 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)--Nov. 4, 1999-- Financial Engines' Portfolio Forecasting and Investment Advice To Be Available to Millions of AOL (A division of Time Warner, Inc., New York, NY, www.aol.com) The world's largest online information service with access to the Internet, e-mail, chat rooms and a variety of databases and services. Members, Netscape Netcenter Visitors America Online See AOL. , Inc. (NYSE NYSE See: New York Stock Exchange : AOL), the world's leading interactive services company, and Financial Engines, Inc. today announced a two-year agreement to provide Financial Engines' sophisticated portfolio forecasting and personalized online investment advice to AOL's Personal Finance Channel -- ranked by Media Metrix as the No. 1 financial destination in cyberspace -- and Netscape Netcenter's Personal Finance Channel. Financial Engines' Forecaster(SM) service will be available in the coming months to individuals tracking the more than 10 million portfolios through these AOL properties. Investors will get a free forecast of what their investments might be worth in the future based on Financial Engines' unique simulation technology. In addition, Financial Engines' Forecaster service will provide portfolio risk analysis for the millions of AOL members and Netscape Netcenter visitors. "The Forecaster service is easy to use, yet it utilizes sophisticated methods that previously have been available only at a very high cost to the largest professional investors," said Rob Shenk, Executive Director of AOL's Personal Finance Channel. "Together with Financial Engines, we are able to provide a powerful, interactive service that will help our members take control of their financial future." "Working with AOL and Netscape, Financial Engines now has exposure to millions of additional investors," 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. "We think this agreement demonstrates our leadership in the online investment advice category." A visitor to AOL's Personal Finance Channel can, with a single click in Financial Engines' Forecaster service, find out what his or her portfolio of specific investments might be worth in the future. A powerful simulation engine generates thousands of potential economic scenarios, taking into account variables such as fluctuations in inflation, interest rates, and market returns. The investor is then given a personal forecast showing the chance that he or she will reach an investment goal and the amount of money he or she will have if markets do poorly. In addition, investors are given access to portfolio risk analysis provided by Financial Engines. Investors who want specific 401(k) advice on how to improve their forecast can subscribe to Verb 1. subscribe to - receive or obtain regularly; "We take the Times every day" subscribe, take buy, purchase - obtain by purchase; acquire by means of a financial transaction; "The family purchased a new car"; "The conglomerate acquired a new company"; the Financial Engines advisory service through the AOL service, Netscape Netcenter, or through www.financialengines.com. About Financial Engines Financial Engines, Inc. provides online investment advice for individual investors and Fortune 500 companies. 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 Noun 1. Nobel Laureate - winner of a Nobel prize Nobelist laureate - someone honored for great achievements; figuratively someone crowned with a laurel wreath William F. Sharpe, Financial Engines is dedicated to helping individuals make 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. About America Online, Inc. Founded in 1985, America Online, Inc., based in Dulles, Virginia Dulles, Virginia is an unincorporated census-designated place located in Loudoun County, Virginia, part of the Washington Metropolitan Area. The headquarters of AOL, Orbital Sciences Corporation and ODIN technologies and the former headquarters of MCI Inc. are located in Dulles. , is the world's leader in interactive services, web brands, Internet technologies and e-commerce services. America Online, Inc. operates: two worldwide Internet services, America Online, with more than 19 million members, and CompuServe, with more than 2 million members; several leading Internet brands including ICQ ("I Seek You") A conferencing program for the Internet from Mirabilis, Tel Aviv, Israel (www.icq.com). It provides interactive chat, e-mail and file transfer and can alert you when someone on your predefined list has also come online. , AOL Instant Messenger See AIM. , Digital City Inc.; Netscape Netcenter, AOL.COM portals; Netscape Navigator An earlier Web browser for Windows, Macintosh and X Windows from Netscape that provided secure transmission over the Internet. Soon after its introduction in 1994, Navigator, or just "Netscape," as it was commonly called, quickly became the leading browser on the Web. and Communicator browsers; AOL MovieFone, Spinner Networks and NullSoft, Inc. Through its strategic alliance with Sun Microsystems, the company develops and offers easy-to-deploy, end-to-end e-commerce and enterprise solutions for companies operating in the Net Economy. |
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