CARY, N.C.--()--Financial Engines, America’s largest independent investment advisor, needed a better way to analyze its massive database of 401(k) participant demographic information. Using software from SAS, the leader in business analytics software and services, the company will quickly and easily harness investment advisor analytics to more clearly understand what customers want and pinpoint drivers for service enrollment, ultimately resulting in more attractive retirement plan offers.
“SAS helps us gather that intelligence efficiently, enabling us to quickly adapt and improve user experience.”
“We chose SAS because we needed a secure, best-in-class solution for managing our customer data,” said Mike Ault, Director of Investor Communications at Financial Engines. “SAS was both easy to implement and scalable, giving us plenty of room to grow.”
SAS will help Financial Engines save considerable time in data manipulation, processing and analysis. In addition to increased efficiencies, the analysis provides a more comprehensive user view. “With more information and engagement, we can create solutions that meet client needs while growing our business,” said Ault.
“Since our services are available to more than 8 million 401(k) participants nationwide, we can learn a great deal about what influences participant retirement choices,” said Ault. “SAS helps us gather that intelligence efficiently, enabling us to quickly adapt and improve user experience.”
About Financial Engines
Financial Engines is the largest independent investment advisor, committed to providing everyone the trusted retirement help they deserve. The company helps investors with their total retirement picture by offering personalized retirement plans for saving, investment, and retirement income. To meet the needs of different investors, Financial Engines offers both online advice and professional management. Co-founded in 1996 by Nobel Prize-winning economist Bill Sharpe, Financial Engines works with America's leading employers and retirement plan providers to make retirement help available to millions of American workers. Financial Engines Advisors LLC is a subsidiary of Financial Engines Inc. (NASDAQ: FNGN).
For more information, please visit financialengines.com.
About SAS
SAS is the leader in business analytics software and services, and the largest independent vendor in the business intelligence market. Through innovative solutions, SAS helps customers at more than 55,000 sites improve performance and deliver value by making better decisions faster. Since 1976 SAS has been giving customers around the world THE POWER TO KNOW®. SAS and all other SAS Institute Inc. product or service names are registered trademarks or trademarks of SAS Institute Inc. in the USA and other countries. ® indicates USA registration. Other brand and product names are trademarks of their respective companies. Copyright © 2012 SAS Institute Inc. All rights reserved.
Stocks Mixed Amid EU Worries; Facebook Dips - CNBC
Stocks wavered in choppy trading Monday as investors digested a dismal factory orders report and amid concerns over uncertainty surrounding the European debt crisis.
The Dow Jones Industrial Average dipped, led by BofA [BAC Loading... () 
] and JPMorgan [JPM Loading... () ], after slipping into negative territory for the year in the previous session.
The S&P 500 and the Nasdaq traded mixed. The CBOE Volatility Index, widely considered the best gauge of fear in the market, gained above 27.
Industrials and financials led the S&P sector laggards, while telecoms struggled to hold small gains.
All three major indexes plunged more than 2 percent each last Friday, while the Dow wiped out all its gains for 2012.
Factory orders fell for the third time in four months, dropping 0.6 percent in April, according to the Commerce Department. Economists had expected orders rising 0.2 percent.
The government employment report last week showed the U.S. added just 69,000 new jobs in May, while unemployment increased to 8.2 percent, fueling speculation that the Federal Reserve may commence another round of quantitative easing.
European shares were lower in thin trade, with U.K. stock markets closed due to the extended bank holiday for the Queen’s Diamond Jubilee. On the economic front, euro zone factory prices unexpectedly held steady in April, marking the fourth straight month of weakening inflation pressures.
Meanwhile, the rate of growth in China's service sector slowed for a second month in May, according to an official survey of non-manufacturing purchasing managers.
Facebook shares [FB Loading... () ] hit another low, dipping below $27 and plunging more than 25 percent from its market debut price of $38, logging the biggest two-week loss of any IPO since 1995. (Read More: What’s the Right Price for Facebook?)
Bank of America [BAC Loading... () ] gained after Evercore raised its rating on the firm to "overweight" from "equal-weight."
Chesapeake Energy [CHK Loading... () ] gained after the company agreed to replace four of its current board members, while Aubrey McClendon will remain as CEO. Southeastern Asset Management, Chesapeake's largest shareholder, will nominate three of the new directors, while billionaire investor Carl Icahn and his affiliates will pick the fourth.
Among earnings, retail chain Dollar General [DG Loading... () ] is scheduled to report after the closing bell.
—By CNBC’s JeeYeon Park (Follow JeeYeon on Twitter: @JeeYeonParkCNBC)
Coming Up This Week:
TUESDAY: ISM non-mfg index; earnings from Hovnanian
WEDNESDAY: Weekly mortgage apps, ECB announcement, productivity and costs, oil inventories, Fed's Beige Book, Fed's Lockhart speaks, Fed's Lockhart speaks, Fed Basel III vote
THURSDAY: Bank of England announcement, jobless claims, Bernanke speaks, quarterly services survey, Fed's Lockhart speaks, Fed's Kocherlakota speaks, consumer credit; Earnings from Lululemon Athletica, JM Smucker
FRIDAY: International trade, wholesale trade, Fed's Kocherlakota speaks, Chesapeake annual meeting
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