New Feature Allows Users to Forecast the Future of Investments
NEW YORK and PALO ALTO, Calif., Jan. 10 /PRNewswire/ --
MarketWatch.com, Inc. (Nasdaq: MKTW), the leading interactive financial news
company, and Financial Engines today announced an agreement to provide
Financial Engines' sophisticated portfolio forecasting and access to
personalized advice to users of CBS MarketWatch.com's Portfolio Tracker.
"Financial Engines gives you an idea of what your investments could be
worth just a year from now -- or decades later upon retirement," said
Bill Bishop, MarketWatch.com's Executive Vice President of Business
Development. "It is a powerful addition to MarketWatch.com's personal finance
offerings, one that underscores our commitment to providing investors with the
best portfolio tools available."
The agreement enables users of CBS MarketWatch.com's Portfolio Tracker to
use Financial Engines' technology to estimate the potential value of their
portfolios one to 30 years into the future with just one mouse click. Based
on Financial Engines' forecasting technology developed by Nobel Laureate
Bill Sharpe, the service also offers investors access to unbiased personalized
recommendations on how much to invest in specific funds through
http://www.financialengines.com.
"At this time of year, many investors resolve to take control of their
finances but are unsure how to begin," said Jeff Maggioncalda, president and
CEO of Financial Engines. "In working with MarketWatch.com, we are able to
provide an easy way for many more investors to understand their long-term
financial picture."
About MarketWatch.com, Inc.
MarketWatch.com, Inc. a leading interactive financial media company
provides fast, relevant information via the Internet, television, radio, and
print to help people make and save money. The Company operates comprehensive,
financial Internet Web sites at http://cbs.marketwatch.com and
http://www.bigcharts.com and, in a joint venture with the Financial Times of
London, launched its first international site at
http://www.ftmarketwatch.com . MarketWatch.com's financial news and tools are
licensed in custom-designed formats by major brokerages and Internet sites.
The Company also produces CBS MarketWatch Weekend, covering over 80% of the
U.S. on 131 CBS television stations, and provides daily business and economic
reports on CBS Television and Radio Network news programming. The
MarketWatch.com Radio Network reports, distributed by Westwood One, are heard
in the top ten U.S. markets on 154 stations. In addition, MarketWatch.com made
its print debut with the Daily News Express, a commuter newspaper edition of
the New York Daily News.
Founded in 1997 and headquartered in San Francisco, MarketWatch.com has
facilities and bureaus in New York City, Minneapolis, Washington D.C.,
Los Angeles, Chicago, Boston, Seattle, Detroit, Atlanta, Dallas, Tokyo, Hong
Kong and London. The MarketWatch.com Web sites are ranked the number one
financial news destination, according to Nielsen Netratings.
About Financial Engines
Financial Engines offers its wealth management platform to help
corporations and financial institutions offer consistent personal advisory
services to individual investors through the web, phone, and face-to-face.
Financial Engines combines the power of the Internet with an investment
methodology used by pension fund managers and based on scientific research to
make high quality advice available to all investors. Founded by Economics
Nobel Laureate William F. Sharpe, Financial Engines is dedicated to helping
individuals make better investment decisions to meet their financial goals.
Financial Engines was founded in 1996 and is located in Palo Alto, Calif. For
more information, visit Financial Engines' web site at
http://www.financialengines.com.
Financial Engines(R) is a registered trademark of Financial Engines, Inc.
All other trademarks and service marks are the property of their respective
owners. All advisory services are provided by Financial Engines Advisors LLC,
a federally registered investment advisor.
SOURCE MarketWatch.com, Inc.
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Related links:
http://cbs.marketwatch.com
CONTACT:
Asma Emneina of Financial Engines, Inc.,
650-565-7791, or Asma@FinancialEngines.com; or Debbie Gibson of
Ketchum, 415-984-2279, or debora.gibson@ketchum.com; or Elizabeth
Ames of BOLDE Communications and Public Relations, Inc.,
212-517-6484, or cell, 646-234-2072, or imedia2001@yahoo.com
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