Jeff Maggioncalda and (401)K Gold
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.
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 email@example.com
To contact the editor responsible for this story:
James Greiff at firstname.lastname@example.org