According to the announcement, the Palo Alto, California-based advisory firm “helps investors with their total retirement picture by offering personalized retirement plans for saving, investing, and retirement income”. Financial Engines offers both online advice and professional management to meet the needs of different investors, and was cofounded in 1996 by Nobel Prize-winning economist Bill Sharpe.
Financial Engines offers its advisory services directly through plan sponsors and via retirement plan providers.
Goldman, Sachs & Co., UBS Investment Bank, Piper Jaffray & Co. and Cowen and Company, LLC are expected to be the underwriters for the offering, according to a press release.
When available, a prospectus relating to this offering may be obtained from Goldman, Sachs & Co., 85 Broad Street, New York, New York 10004, Attn: Prospectus Department, (212) 902-1171.
For more information, please visit www.financialengines.com