Financial Engines, the largest automated defined contribution managed account provider is one of just a few robo services competing for defined contribution retirement plan member. This is currently one of the hottest areas of specialisation with more than 75 million US baby boomers approaching retirement, according to an Investment Company Institute report. The company has been in business since 2008 and offers its customers access to a range of investment products including mutual funds, ETFs, exchange-traded funds (ETFs) and fixed income products.
Financial Engines, the largest automated defined contribution managed account provider is one of just a few robo services competing for defined contribution retirement plan member. This is currently one of the hottest areas of specialisation with more than 75 million US baby boomers approaching retirement, according to an Investment Company Institute report. The deal with Wells Fargo means that from mid-2016 its software will be available on the banks platform.