Posted by Willy Franzen on June 29, 2010. Jobs updated daily.
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Believe it or not, I started thinking about retirement right after I graduated college. No, I didn’t win the lottery or have a big entrepreneurial success. I started investing and contributing to my IRA. It was a good way to stay productive and get ready to be an adult. If you start thinking about retirement in your early or mid 20s, you’re likely going to be in great shape 40 years down the line. Unfortunately, many people don’t plan that far ahead, so they end up needing help much later in life—and often they don’t have access to good advice once they realize that they need it. Financial Engines is trying to change that. It all started with Bill Sharpe, who won the 1990 Nobel Prize in Economic Sciences. By combining “Bill’s pioneering investment methodology with proprietary technology” Fiancial Engines is able “to provide all investors with cost-effective, expert advice and management—the kind previously available only to the world’s largest institutional investors.” Financial Engines, which is based in Palo Alto, CA with offices in Boston, MA and Phoenix, AZ, partners with both retirement plan providers and large employers to offer their services and change the way that people get retirement help.
In doing my research on Financial Engines, I came across an excellent writeup about the company on Seeking Alpha. It goes into a ton of detail about the business, and it’s definitely worth a read. The general gist of it is that Financial Engines automates a lot of retirement advising through software as a service. Face to face advising often isn’t economical, and sometimes it’s not even better than what a computer can spit out. Financial Engines took the brilliance of Bill Sharpe, and put it into their computer models—so Financial Engines clients really do get the best. If you’re intrigued by what Financial Engines is doing, you should check out their Careers page. Nothing screams entry level on their job postings, but there is the option to apply for an unlisted position. They offer a number of internships, so it’s not like they aren’t interested in young talent.
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