Pieces of the Chalice enterprise have continued to come together, including a portal to Vestwell, a platform that helps advisers manage corporate retirement accounts that was founded by Aaron Schumm. Read more about Chalice (and Vestwell!) here.
“The integration of Morningstar Investment Management services [with Vestwell] aims to enable plan advisors and sponsors to address their fiduciary responsibilities while creating their own investment product lineup from menus of funds that Morningstar has performed due diligence screening on” – Find the full article here.
“They sweep up the assets and create efficiencies of scale,” Schumm says. “[Small-to-midsized] TPAs don’t have the technology to scale, and Ascensus comes in and buys their book of business and people get a payday.” Read the full article here.
“In today’s technology landscape it’s crucial to be able to establish connectivity across any industry player that either brings value to you as your core business or to your clients and their core business” said Aaron Schumm, Founder and CEO. More on this topic here.
“By coupling Vestwell’s turnkey retirement solution with Namely’s humanized and savvy HR system, we’re able to create a more harmonious experience for the plan sponsor and their participants” The full article can be found here.
401k Specialist discusses the collaboration between Namely and Vestwell… “One of the best parts of marrying the two technologies: by compiling HR and 401k data in one place, plan managers are relieved from the cumbersome task of ‘providing ongoing payroll information and updated election deferrals.’
“Where do you best service your client — plan design, product selection, education services? We become the rest of that equation around the adviser,” said Vestwell founder and CEO Aaron Schumm. Read the full article here.
Get updated on March 2018’s latest #FinTech news here.
“Schumm says the lack of the necessary scale and structure for advisors to serve multiple retirement plans was the whole reason we built Vestwell”. Read the article here.