Financial Engines Advisors L.L.C
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Overview
Financial Engines Advisors L.L.C operates as a financial advisor company located in Santa Clara, California. The firm handles $242.0 billion in total assets over 1.6 million client accounts, making it one of the biggest investment advisory firms in the country by assets under management (AUM). The company has a very large team, including 478 financial advisors. Financial Engines Advisors L.L.C is not a registered broker-dealer, meaning the firm cannot buy and sell securities for its accounts and those of its customers and instead has to go through a broker-dealer firm to do so. Securities are tradable fiscal assets like bonds, stocks and options.
Financial Engines Advisors L.L.C manages all of the firm's accounts in a discretionary manner. Discretionary management signifies that a portfolio manager makes buy and sell decisions without needing to seek client approval. Financial Engines Advisors L.L.C administers roughly $151,752 in assets for every account. An average advisor at Financial Engines Advisors L.L.C oversees about 3,336 client accounts.
The firm's main office is located at 3315 Scott Blvd, Santa Clara, California 95054. It is legally permitted to serve clients throughout 51 U.S. states and territories.
Assets Under Management
Number of Advisors
Disclosures
Office Location
Financial Engines Advisors L.L.C by the Numbers
$242.0 billion
1,514
1,594,707
$151.7 thousand
Products and Services
Financial Engines Advisors L.L.C offers a variety of services, which can consist of financial planning services, portfolio management for individuals and small businesses, portfolio management for institutional clients, pension consulting services, selection of other advisers, publication of newsletters and educational seminars. In the last financial year, the company provided 99500 of its customers with financial planning services. It is engaged in selling products or offering services other than investment advice to its clients. The company also has a number of financial industry affiliations, including with an accountant or accounting firm and insurance company or agency.
Core Advisor Services
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Offered by 31% of firms
Financial Planning Services
This is the process of planning for your financial future, including for events such as retirement, your child's college education or estate succession.
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Offered by 46% of firms
Portfolio Management
This is the selection and management of an investment mix and portfolio strategy for individuals and small businesses.
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Find a firm that offers this service
Market Timing Services
This is the practice of attempting to make short-term profits on investments by buying low and selling high.
Other Services
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Offered by 20% of firms
Selection of Other Advisors
This is the firm's assistance with choosing other advisors to work with who may have different specialties.
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Offered by 3% of firms
Publication of Periodicals
This is the publication of various financial education materials.
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Offered by 6% of firms
Educational Seminars/Workshops
This is the hosting of seminars or workshops to educate investors on financial concepts.
Fee Structure
Financial advisory fees typically are based on which services the firm provides the client. However, fee types charged by the company most likely are comprised of the following fee types: asset-based, hourly, fixed or other. The company does participate in a wrap fee program, in which the firm offers a bundle of services for a single fee.
Available
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Offered by 69% of firms
Percentage of Assets
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Offered by 21% of firms
Hourly
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Offered by 0% of firms
Subscription
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Offered by 32% of firms
Fixed
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Offered by 10% of firms
Other
Unavailable
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Find one of the 1% of firms that offer this fee type
Commissions
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Find one of the 26% of firms that offer this fee type
Performance-based
Types of Clients
The firm does business with a number of different investors. The firm provides services to retail investors, high net worth investors, pension plans, charitable organizations, other investment advisers and corporations. Out of its 1,594,707 accounts, Financial Engines Advisors L.L.C's largest client is other investment advisers, but it also manages money for 24,114 high-net-worth individuals. The SEC defines a high-net-worth individual as a person who has at least $750,000 under management or a net worth of at least $1.50 million or who is deemed a "qualified purchaser" (a standard met by having at least $5 million in investments). None of the company's clients are non-U.S. persons.
- High-Net-Worth Individuals* - 5.34%
- Other Individuals - 94.55%
- Corporations - 0.1%
- Charitable Organizations - 0.01%
* The U.S. Securities and Exchange Commission (SEC) defines a high-net-worth individual as someone who has at least $750,000 under management.
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Disclosures
Financial Engines Advisors L.L.C does not have any disclosures.
Please visit its Form ADV for more details.
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Financial Advisors at Financial Engines Advisors L.L.C
Farmington, CT
Colorado Springs, CO
Phoenix, AZ
Alexandria, VA
Newton Center, MA
Fairfax, VA
Fairfax, VA
Virginia Beach, VA
Phoenix, AZ
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