Robo Adviser Financial Engines Sold to Private-Equity Firm; Deal, valued at $3 billion, will result in Hellman & Friedman combining it with its Edelman unit

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30 April 2018

Private-equity firm Hellman & Friedman LLC will pay $3.02 billion for robo adviser Financial Engines Inc., highlighting Wall Street's intensifying interest in providing financial-planning products to investors nearing retirement.
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News article details

Sector
Securities & Investments
Media Type
In the News
Location
Asia-Pacific, EMEA, North America