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Financial Engines acquires The Mutual Fund Store

edited November 2015 in The Bullpen
The original robo will leverage the R I A and its 125 locations to offer 401(k) clients human advisers

By Alessandra Malito | November 5, 2015 - 4:59 pm EST ©2015 InvestmentNews. All Rights Reserved.

“By leveraging Financial Engines' scalable advice technology to power The Mutual Fund Store's services and in-person advisers, we believe we will be able to make high-quality investment advice and comprehensive financial planning available to everyone with access to our services through their employer,” Lawrence Raffone, president and chief executive of Financial Engines, said in a press release.

Upon closing of the transaction, expected in the first quarter of 2016, The Mutual Fund Store's name will change to Financial Engines.

http://www.investmentnews.com/article/20151105/FREE/151109960?template=printart

http://corp.financialengines.com/individuals/

https://www.google.com/finance?q=NASDAQ:FNGN&ei=L_U7VoiMCdDDmAHM67ewAg

Also

By KATE GIBSON MONEYWATCH November 5, 2015, 6:18 PM
Bigger than GE, Facebook value tops $300 billion
A day after reporting better-than-expected results, Facebook (FB) is now worth $306.4 billion, with the social media company vaulting ahead of General Electric (GE) in terms of its market valuation.
The company, which says it has more than a billion daily visitors, is now the sixth biggest in the Standard & Poor's 500 index.
Shares of the company founded by Mark Zuckerberg are up 40 percent in 2015.
http://www.cbsnews.com/news/bigger-than-ge-facebook-value-tops-300-billion/
https://www.google.com/finance?q=fb&ei=-fk7VoCFKM6xmAGxqbuYCA
Lot's of FB here MGGPX
https://www.google.com/finance?q=MUTF:MGGPX&ei=OwQ8VqnUJc6xmAGxqbuYCA
http://www.morganstanley.com/msamg/msimintl/docs/en_US/publications/factsheets/MSIF/global_opportunity_cl_i_fs.pdf
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