Financial Engines® and ADP® Form Strategic Relationship
06 Fevereiro 2018 - 10:30AM
Business Wire
Relationship Brings Scalable, Independent
Advisory Service Model to the Small and Mid-Size Retirement Plan
Market
Financial Engines® (NASDAQ: FNGN), America’s largest independent
investment advisor,1 and ADP® (NASDAQ: ADP), today announced a new
strategic relationship to offer Financial Engines’ independent and
comprehensive advisory services to employers of all sizes. Under
the relationship agreement, ADP will make available to its
Retirement Services clients the option to engage with Financial
Engines and its full suite of investment advisory services.
The Financial Engines advisory service offering, on the ADP
platform, will launch in the summer of 2018. It will broaden ADP’s
financial wellness capabilities that aim to help 401(k)
participants better prepare for day-to-day expenses and for broader
financial challenges.
The new relationship will bring Financial Engines’ full suite of
advisory services to ADP retirement plan clients for the first
time. Financial Engines can bring to the client experience best
practices in engaging employees and driving strong retirement plan
utilization with the goal of improving financial outcomes for
employees. Financial Engines’ direct advisory services for
participants include:
- Online Advice -
personalized online savings and investment advice and retirement
income services for employees who want to manage their retirement
themselves
- Professional Management - a
discretionary personalized management service for participants who
want to partner with and delegate the management of their
retirement accounts to a professional
- Income planning and Social Security
claiming guidance – advice provided through Financial
Engines’ nationally recognized Social Security Planner
- Personal Advisor – personalized
professional management for all participant accounts (401(k), IRA
and taxable accounts), comprehensive financial planning, and a
dedicated advisor
These services combined with the ADP financial wellness program
may help employees more confidently manage their financial
decisions and encourage employees to use best practices to better
meet their retirement goals. In addition, participants will have
access to Financial Engines’ non-commission based Investment
Advisor Representatives, as well as to independent online
investment advice, and to ongoing financial wellness programs and
education.
“We’re very excited about this strategic relationship with ADP
Retirement Services because it aligns with our mission. It allows
us to expand our ability to deliver financial help through the
workplace and introduce directly a suite of financial wellness
capabilities—including advisory services—to millions of employees,”
said John Bunch, Executive Vice President and Chief Operating
Officer at Financial Engines. “This relationship enables us to
provide unbiased financial help to employees who work for
businesses of all sizes, and who may not have had access to
Financial Engines’ market-leading, unconflicted services in the
past. It also enables us to build deeper relationships, especially
through our Personal Advisor service.”
“ADP is excited to collaborate with Financial Engines to deliver
to participants the value of its more than 20 years of experience
providing personalized advice to participants,” said Chris Luongo,
Vice President Product Marketing & Business Development, ADP
Retirement Services. “ADP and Financial Engines share the goal to
leverage technology to improve participants’ experiences. This
underscores ADP’s commitment to financial wellness and gives
employees sound financial resources so they can be confident in
their retirement planning and savings decisions.”
About Financial Engines
With roots in Silicon Valley, Financial Engines is the nation’s
largest independent investment advisor. We believe that all
Americans -- not just the wealthy -- should have access to
high-quality, unbiased financial help and our client’s best
interests should always come first. Today, more than 700 of the
nation’s most respected employers trust Financial Engines to offer
professional financial help to more than nine million employees
nationwide.
For more information, visit www.financialengines.com.
Financial Engines does not guarantee future results. All
advisory services are provided by Financial Engines Advisors
L.L.C.
About ADP (NASDAQ: ADP)
Powerful technology plus a human touch. Companies of all types
and sizes around the world rely on ADP cloud software and expert
insights to help unlock the potential of their people. HR. Talent.
Benefits. Payroll. Compliance. Working together to build a better
workforce. For more information, visit ADP.com.
ADP is a registered trademark of ADP, LLC. All other marks are
the property of their respective owners.
1 For independence methodology and ranking, see InvestmentNews®
RIA Data Center. (http://data.investmentnews.com/ria/).
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version on businesswire.com: http://www.businesswire.com/news/home/20180206005253/en/
Financial EnginesAmy Conley,
617-556-2305aconley@financialengines.comorAllison+PartnersAlexandra
Gardell Kreuter, 646-428-0618financialengines@allisonpr.comorADP,
LLCKate Rankin, 201-452-1803Kate.rankin@adp.com
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