Jeff Maggioncalda and (401)K Gold

Barry Ritholtz is a Bloomberg View columnist. He founded Ritholtz Wealth Management and was chief executive and director of equity research at FusionIQ, a quantitative research firm. He blogs at the Big Picture and is the author of “Bailout Nation: How Greed and Easy Money Corrupted Wall Street and Shook the World Economy.”
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This week on our Masters in Business interview, we speak with Jeff Maggioncalda, co-founder and former chief executive officer of Financial Engines.

Another co-founder was Nobel laureate William Sharpe. The firm, which uses the insights of the capital-asset pricing model Sharpe developed, now manages more than $115 billion in corporate (401)k plans.  The company went through a series of business plans, all of which failed. It then discovered that its clients’ employees wanted someone to assume the burden of managing their (401)k portfolios.

The full podcast is available on iTunesSoundCloud and on Bloomberg.  Earlier podcasts can be found on iTunes and at BloombergView.com.

This column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners.

To contact the author of this story:
Barry L Ritholtz at britholtz3@bloomberg.net

To contact the editor responsible for this story:
James Greiff at jgreiff@bloomberg.net