Financial Engines Advisors L.L.C

CRD#104510
Investment Advisor Firm

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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

$242.0 billion

Number of Advisors

478

Disclosures

No

Office Location

3315 Scott Blvd
Santa Clara, CA 95054

Financial Engines Advisors L.L.C by the Numbers

Total Assets Under Management

$242.0 billion

National Average: $8.6 billion
Total Number of Employees

1,514

National Average: 64
Total Number of Accounts

1,594,707

National Average: 375,227
Average Account Size

$151.7 thousand

National Average: $23.0 thousand
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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

  • 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.

  • 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.

  • 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

  • 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.

  • Offered by 3% of firms

    Publication of Periodicals

    This is the publication of various financial education materials.

  • Offered by 6% of firms

    Educational Seminars/Workshops

    This is the hosting of seminars or workshops to educate investors on financial concepts.

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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

  • Offered by 69% of firms

    Percentage of Assets

    Show Explanation

    This fee, which is the most common fee type charged by advisors for portfolio management, is based on the amount of assets you have under management. Also referred to as an asset-based fee, this fee typically ranges from 0.50%-2.00% of AUM annually. You'll typically pay a lower rate the more assets you have under management.

  • Offered by 21% of firms

    Hourly

    Show Explanation

    Like a lawyer, a financial advisor may charge you by the hour. This can be helpful if you are only looking for short-term or one-time advice. Rates typically range from $100-$300 per hour, depending on the complexity and level of services needed.

  • Offered by 0% of firms

    Subscription

    Show Explanation

    Firms generally charge this fee for educational materials provided, such as a monthly magazine. This can be useful if you want to learn about investing or financial management on your own.

  • Offered by 32% of firms

    Fixed

    Show Explanation

    Fixed fees are a one-time, lump sum charged for a specific service, like the creation of a financial plan without subsequent implementation. This can be useful if you only need advice for one specific purpose, rather than a long-term advisor. Fixed fees usually range from $1,000 to $3,000.

  • Offered by 10% of firms

    Other

    Show Explanation

    Firms can sometimes charge customers using non-traditional fee structures. See this firm's Form ADV for more details.

Unavailable

  • Find one of the 1% of firms that offer this fee type

    Commissions

    Show Explanation

    Occasionally, advisors earn commissions from selling financial products, such as securities or insurance policies, or making certain referrals or transactions. Advisors who earn commissions may be incentivized to make certain recommendations to clients in order to make a commission. Fee-only advisors do not earn commissions, while fee-based advisors may.

  • Find one of the 26% of firms that offer this fee type

    Performance-based

    Show Explanation

    Advisors only earn performance-based fees if a portfolio outperforms a defined benchmark. This fee may be calculated in a number of ways but most commonly is charged as a percentage of investment profits. Performance-based fees may incentivize advisors to make riskier decisions in order to generate higher returns.

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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

Samuel Lindemann
Roseville, CA
Taralee Sundberg
Lynnwood, WA
Steven Murray
Whitman, MA
William Mcelroy
Phoenix, AZ
Edmund Callahan
Farmington, CT
Dylan Wilkinson
Overland Park, KS
Anthony Badillo
Fairfax, VA
Joseph Bergen
Virginia Beach, VA
Paul Kinsman
Phoenix, AZ

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The content in this profile was updated by SmartAsset on 4/16/2023. All advisor details come from publicly available data, and we cannot guarantee the accuracy of the content. We are unable to make individual profile updates. If you want your profile removed temporarily or permanently, please contact profile-compliance@smartasset.com.

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