About Financial Engines
Financial Engines is a company based in Sunnyvale (United States) founded in 1996 was acquired by Hellman & Friedman in April 2018.. Financial Engines has raised $85 million across 1 funding round from investors including Goldman Sachs, Intel and Merrill Lynch. The company has 2,401 employees as of December 31, 2022. Financial Engines has completed 1 acquisition, including The Mutual Fund Store. Financial Engines offers products and services including Financial Planning, Investment Management, Retirement Planning, Tax Planning, and Estate Planning. Financial Engines operates in a competitive market with competitors including Human Interest, ForUsAll, OctaveWealth, MoneyIntel and Kepler Savings, among others.
- Headquarter Sunnyvale, United States
- Employees 2401 as on 31 Dec, 2022
- Stage Public
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Sectors
Technology
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Financial Engines, Inc.
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$85 M (USD)
in 1 rounds
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Latest Funding Round
$85 M (USD), Series E
Dec 16, 1999
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Investors
Goldman Sachs
& 12 more
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Employee Count
2401
as on Dec 31, 2022
- Investments & Acquisitions
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Acquired by
Hellman & Friedman
(Apr 30, 2018)
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Products & Services of Financial Engines
Financial Engines offers a comprehensive portfolio of products and services, including Financial Planning, Investment Management, Retirement Planning, Tax Planning, and Estate Planning. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Service for personalized financial strategy development
Management of client portfolios for optimal returns
Guidance on retirement savings and income strategies
Advice on minimizing taxes and optimizing finances
Assistance with asset distribution and legacy planning
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Finance and Accounting
128 people
Leadership Team
43 people
Software Development Team
20 people
Sales and Marketing
19 people
Data Analysis and Operations Team
13 people
Legal and Compliance
11 people
Senior Team
10 people
Sr. Team
5 people
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Funding Insights of Financial Engines
Financial Engines has successfully raised a total of $85M through 1 strategic funding round. The most recent funding activity was a Series E round of $85 million completed in December 1999. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 1
- Last Round Series E — $85.0M
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First Round
First Round
(16 Dec 1999)
- Investors Count 12
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Dec, 1999 | Amount | Series E - Financial Engines | Valuation | Oak Hill |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Financial Engines
Financial Engines has secured backing from 13 investors, including venture fund and institutional investors. Prominent investors backing the company include Goldman Sachs, Intel and Merrill Lynch. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Mid market focused private equity firm
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Founded Year | Domain | Location | |
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Investment banking services are delivered across multiple financial sectors.
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Founded Year | Domain | Location | |
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Venture capital firm focused on early-stage fintech, enterprise, web 3, consumer, and multiple sectors
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Financial Engines
Financial Engines has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include The Mutual Fund Store. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Investment and wealth management services are provided to clients.
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1996 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
|
2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Financial Engines
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Financial Engines Comparisons
Competitors of Financial Engines
Financial Engines operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Human Interest, ForUsAll, OctaveWealth, MoneyIntel and Kepler Savings, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Employer-enabled platform for retirement planning and compliance management.
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| domain | founded_year | HQ Location |
Platform for managing 401(K) accounts
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| domain | founded_year | HQ Location |
Robo advisory platform is utilized for employer-enabled retirement planning.
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| domain | founded_year | HQ Location |
401(k) plan administration and fiduciary services are provided to businesses.
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| domain | founded_year | HQ Location |
Kepler Savings is an online platform for employers to manage workplace retirement savings programs.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Financial Engines
Frequently Asked Questions about Financial Engines
When was Financial Engines founded?
Financial Engines was founded in 1996 and raised its 1st funding round 3 years after it was founded.
Where is Financial Engines located?
Financial Engines is headquartered in Sunnyvale, United States. It is registered at Sunnyvale, California, United States.
Is Financial Engines a funded company?
Financial Engines is a funded company, having raised a total of $85M across 1 funding round to date. The company's 1st funding round was a Series E of $85M, raised on Dec 16, 1999.
How many employees does Financial Engines have?
As of Dec 31, 2022, the latest employee count at Financial Engines is 2,401.
What does Financial Engines do?
Financial Engines was founded in 1996 and is headquartered in Sunnyvale, United States. Operations focus on the financial services sector, where an employer-enabled platform delivers investment and retirement planning to workers at major organizations. Customized guidance on saving, investing, and retirement income is extended. Online account management, investment options, and live assistance from advisors are made available to users.
Who are the top competitors of Financial Engines?
Financial Engines's top competitors include Human Interest, ForUsAll and MoneyIntel.
What products or services does Financial Engines offer?
Financial Engines offers Financial Planning, Investment Management, Retirement Planning, Tax Planning, and Estate Planning.
How many acquisitions has Financial Engines made?
Financial Engines has made 1 acquisition, including The Mutual Fund Store.
Who are Financial Engines's investors?
Financial Engines has 13 investors. Key investors include Goldman Sachs, Intel, Merrill Lynch, Wells Fargo, and AIG.