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Stock Market & Financial Investment News

News Breaks
July 31, 2014
16:20 EDTFNGNFinancial Engines sees FY14 revenue $277M-$282M, consensus $282.85M
Sees FY14 adjusted EBITDA $98M-$100M.
News For FNGN From The Last 14 Days
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February 10, 2016
19:01 EDTFNGNFinancial Engines appointed Blake Grossman as Chairman
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19:00 EDTFNGNFinancial Engines completes acquisition of The Mutual Fund Store
Financial Engines announced on February 1 that it has completed the previously announced acquisition of The Mutual Fund Store for approximately 9.9M shares of newly-issued Financial Engines common stock and approximately $250M in cash. Following closing, Warburg Pincus is expected to become Financial Engines' largest stockholder with a beneficial ownership of approximately 13%. Michael Martin, managing director of Warburg Pincus, has also been appointed to the Financial Engines board of directors, effective February 1, 2016. As of December 31, 2015, The Mutual Fund Store had approximately 352 employees, 84,000 accounts at 39,000 households, and over $9.7B in assets under management. "The acquisition will enable Financial Engines to expand its independent advisory services to 401(k) participants through comprehensive financial planning and the option to meet face-to-face with a dedicated financial advisor at one of more than 125 national locations," Financial Engines said.
February 3, 2016
16:29 EDTFNGNFinancial Engines files to sell 9.89M shares of common stock for holders

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