Financial Engines (NASDAQ:FNGN) today announced that Rennie Worsfold,
vice president of Financial Engines, has been named a new member of the
Advisory Council on Employee Welfare and Pension Benefit Plans,
otherwise known as the ERISA Advisory Council.
The council consists of 15 members appointed by the U.S. Secretary of
Labor to provide recommendations regarding the Secretary’s functions
under ERISA. Worsfold was appointed to a three-year term as the
representative for the investment management industry. Other fields
represented on the council include insurance, corporate trust, actuarial
counseling, investment counseling and accounting.
“I’m honored to be a new member of the Council and look forward to
helping it address the important issues facing retirement plan sponsors
as they create vibrant plans for their employees,” said Worsfold.
“As the nation’s largest independent registered investment advisor,
Financial Engines regularly participates in the legislative and
regulatory process, providing our expertise and insight to policy-makers
including the U.S. Department of Labor, ” explained Lawrence M. Raffone,
president of Financial Engines. “We are pleased that they have selected
a Financial Engines representative to be on the Council that will bring
our experience to bear on the issues facing employers creating
retirement plans and participants as they prepare for retirement.”
About the ERISA Advisory Council
Section 512 of the Employee
Retirement Income Security Act provides for the establishment of an
Advisory Council on Employee Welfare and Pension Benefit Plans. The
duties of the council are to advise the secretary of labor and submit
recommendations regarding the secretary's functions under ERISA.
Information about the council is available at http://www.dol.gov/ebsa/aboutebsa/erisa_advisory_council.html.
About Financial Engines
Financial Engines is America’s largest independent investment advisor1.
We help people make the most of their retirement assets by providing
professional investment management and advice. Headquartered
in Sunnyvale, CA, Financial Engines was co-founded in 1996 by Nobel
Prize-winning economist Bill Sharpe. Today, we offer retirement help to
more than nine million employees across 600 companies nationwide
(including 145 of the Fortune 500). Our investment methodology, combined
with powerful online services, dedicated advisor center and personal
attention allow us to help more Americans get on the path to a secure
retirement.
Advisory and sub-advisory services provided by Financial Engines
Advisors, L.L.C., a federally registered investment advisor and
wholly-owned subsidiary of Financial Engines, Inc. Financial Engines
does not guarantee future results.
Forward-Looking Statements
This press release contains forward-looking statements, including
statements regarding the use of professional investment and financial
planning help, which involve risks and uncertainties that could cause
actual results to differ materially. These risks and uncertainties are
outlined in our SEC filings. You are cautioned not to unduly rely on
these forward-looking statements, which speak only as of the date of
this press release. Unless required by law, Financial Engines undertakes
no obligation to publicly revise any forward-looking statement to
reflect circumstances or events after the date of this press release or
to report the occurrence of unanticipated events.
1 For independence methodology and ranking, see
InvestmentNews RIA Data Center. (http://data.investmentnews.com/ria/).
Copyright Business Wire 2014