Financial Engines Revs Up Retirement Plans

09/17/2014 8:00 am EST


James Oberweis

President, Oberweis Asset Management, Inc.

This featured stock recommendation is a company that was co-founded in 1996 by Nobel Prize-winning economist Bill Sharpe, notes small-cap expert and money manager Jim Oberweis, editor of The Oberweis Report.

Financial Engines (FNGN) provides independent, technology-enabled portfolio management services, investment advice, and retirement income services primarily to participants in employer-sponsored defined contribution plans, such as 401(k) plans.

The company helps investors plan for retirement by offering personalized plans for saving and investing, as well as by providing assessments of retirement income needs and readiness, regardless of personal wealth or investment account size.

The company uses its proprietary advice technology platform to provide independent, personalized portfolio management, investment advice, and retirement income services to millions of retirement plan participants on a cost-efficient basis.

The company generates revenue primarily from management fees on Assets Under Management (AUM), as well as from platform fees, by providing portfolio management services, investment advice, and retirement income services.

In the company’s latest reported second quarter, sales increased approximately 21% to $69.8 million from $57.8 million in the second quarter of last year.

FNGN reported earnings per share of $0.25 in the latest reported second quarter versus $0.16 in the same quarter of last year.

Clients of Oberweis Asset Management own approximately 162,000 shares. These shares may be appropriate for risk oriented investors.

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