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  Financial Engines Investment Management

Financial Engines Investment Management

in Investment Advisors from Financial Engines

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Financial Engines Investment Management

Unaffiliated

in Investment Advisors from Financial Engines

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Highlights
Highlights
Minimum Initial Investment $5
Management Fee 0.35% - 2%

Financial Engines Investment Management Review

Financial Engines Investment Management is founded in 1996 and based in Sunnyvale, CA.

Financial Engines Investment Management Pros & Cons
The Good The Bad
  • Broad selection of account types.
  • Competitive investment expense ratios.
  • Does not offer low-cost ETFs.
  • Does not give access to human finance advisors.
  • Tax-loss harvesting not available.
  • Limited investment options.
Financial Engines Investment Management FAQ

What fees does Financial Engines Investment Management charge?

Financial Engines Investment Management uses a fee-only model.

This means Financial Engines Investment Management gets paid a flat fee regardless of what financial products or services you use. It also means they have a fiduciary responsibility to their clients. Instead of making money on trades commissions or selling products, they recommend an asset allocation and get paid a flat-fee or a percentage of the assets under administration. That requires that they act in their client’s financial best interest at all times.

Financial Engines Investment Management Fees
Description
Annual Fee N/A
Monthly Fee $0
Management Fee 0.35% - 2%
Fee Based? Yes
Account Transfer Fee N/A
Account Termination Fee N/A
Investment Expense Ratios N/A

What management fees does Financial Engines Investment Management charge?

Financial Engines Investment Management charges an annual management fee that starts at 0.35% and ranges up to 2%.

Many financial advisors charge based on how much money they oversee by using a fee-structure called “assets under management,” or AUM. For instance, a 0.40% fee translates to $4 per year for every $1,000 an investment advisor manages. Management fees, also known as maintenance fees, cover the operating costs of investment advisors and are typically deducted from your account every month or quarter. The management fee does not cover the underlying expense ratios of the investment vehicles purchased by investment advisors.

What are the investment expense ratios of Financial Engines Investment Management?

Hiring an investment advisor with competitive investment fees is one of the most important steps to maximizing your portfolio's performance. Investment expense ratios can vary drastically depending on the types of accounts and assets involved. A survey by the ICI puts the average expense ratio for actively managed funds at 0.76% and indexed funds at 0.08%. The investment expense ratios of an investment advisor will vary depending on the type of assets they invest in and whether they attach additional charges to fund fees.

Financial Engines Investment Management does not charge fees based on an investment expense ratio.

What type of investment accounts and asset classes does Financial Engines Investment Management support?

Financial Engines offers the following types of assets and account types.

Accounts Supported Options
Supported Options Unsupported Options
  • Individual Non-Retirement Accounts
  • Joint Non-Retirement Accounts
  • Roth IRA
  • Traditional IRA
  • Rollover IRA
  • Employer Sponsored Plans
  • SEP IRA
  • Trusts
  • 529 College Savings Plans
  • Custodial Accounts

Financial Engines does not offer any of the investment vehicles that we track.

What is the minimum amount you have to invest to open an account with Financial Engines Investment Management?

The minimum amount to open an account with Financial Engines Investment Management is 5.
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Contact

  • Headquarters
  •   1050 Enterprise Way
    3rd Floor
    Sunnyvale, CA 94089 USA
  •   Visit Site

About Financial Engines Investment Management

Feature Breakdown

Monthly Fee $0
Fee Based  
Management Fee 0.35% - 2%
Minimum Initial Investment $5
Accounts Supported
  • Employer Sponsored Plans
  • Individual Non-Retirement Accounts
  • Joint Non-Retirement Accounts
  • Rollover IRA
  • Roth IRA
  • Traditional IRA

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