Products May 10, 2000

eAdvisor Gets Online With Financial Engines

October 5, 2000 (PLANSPONSOR.com) - eAdvisor has chosen Financial Engines Advice Server platform to offer its customers financial advice. eAdvisor is a joint venture of E*Trade and Ernst & Young.
Reported by

Under the terms of the multi-year relationship eAdvisor will use two core components of Financial Engines Advice Server platform:

  • Forecast Engine, which provides an analysis of current holdings and a forecast of the likelihood of attaining their investment goals
  • Advice Server, which provides specific, personalized recommendations for individuals.

In addition, Financial Engines is providing two new features for eAdvisor: analysis of taxable accounts and planning for non-retirement goals, such as saving for college.

For more stories like this, sign up for the PLANSPONSOR NEWSDash daily newsletter.

The platform is part of eAdvisor’s online advisory service that will deal with a wide range of financial planning needs, including:

  • funding a child’s education
  • providing for elder-care
  • preparing for retirement
  • buying a house
  • tax, estate and insurance planning

The Financial Engines Advice Server will be used to provide mutual fund recommendations for both tax-deferred accounts, such as 401(k) s and IRAs, and taxable accounts.

E*Trade is a strategic investor in Financial Engines.

– Nevin Adams                                   editors@plansponsor.com

«