Financial planners, watch your backs. Financial Engines, a retirement plan advisor co-founded by a Nobel Prize winner, completed an initial public offering Monday that blew the doors off the IPO market and affirmed investor belief in a business model that offers low-cost sophisticated retirement advice to individual investors.
According to research conducted by Lincoln Financial Group and The Spectrem Group, taxes are the greatest expense, representing approximately one out of every three dollars, for high-income retirees.
Legislation to rewrite the nation’s financial regulations may be more likely to gain congressional approval if health care reform efforts fail, the chairman of a trade association for financial planners said Wednesday in Colorado Springs. “This…
AAA’s “Building a Sound Savings Strategy” videos on MonkeySee.com urge consumers to understand and use savings products appropriate to their financial goals
Shares of Financial Engines Inc. soared nearly 44 percent in their market debut Tuesday, giving the portfolio manager and advisory firm the best first-day IPO performance so far this year.
Recent industry research on Debt Management Plans DMPs has revealed the financial nightmare many consumers are facing due to ill-advised debt solution schemes further reinforcing the need for a new regulatory framework for debt advice providers.Last week, R3 – the insolvency trade body, provided an insight into the pitfalls of Debt Management Plans and claimed that people are becoming “slaves…
The U.S. financial sector gains a bit of ground in early activity as markets await the Federal Reserve’s latest statement on interest rates and the economy.
Portfolio manager and advisory firm Financial Engines Inc. became the first company since late November to price shares of its initial public offering above expectations, raising $127.2 million late Monday.
Financial Engines, founded in 1996 by Stanford finance professor and economics Nobel winner William Sharpe, sold 10.6 million shares for $12 each, above its expected $9 to $11 range.
VANCOUVER, BRITISH COLUMBIA– – First Quantum Minerals Ltd. today announced its results for the three months and year ended December 31, 2009
