Co-founded with Nobel laureate William Sharpe, Financial Engines manages over $115 billion in corporate 401k plans using the capital asset pricing model insights Sharpe developed.
Financial Engines was a free website Sharpe had developed, and at the urging of a few colleagues (who eventually became investors in the start up), it was turned into an actual company.
Maggioncalda got his undergraduate degree and MBA from Stanford. Sharpe was one of his intellectual heroes (He gave the undergraduate commencement speech at his Maggioncalda’s graduation). When the opportunity to work along side the Nobel laureate came along, he jumped at it.