Vestwell Appoints Two Financial Industry Leaders to its Board of Directors

Rana Yared, Principal Strategic Investments, Goldman Sachs

Lori Hardwick, CEO Wealth Tech, RedRock Strategic Partners

Goldman Sachs’ Rana Yared and industry veteran Lori Hardwick join the board following Vestwell’s $30 million Series B

New York – July 2, 2019 – Vestwell, a digital retirement platform, announced the appointment of two new members to the company’s Board of Directors, Rana Yared, Partner and Managing Director of Goldman Sachs, and Lori Hardwick, CEO of Wealth Tech at RedRock Strategic Partners and Chairman of Riskalyze. The two executives join Vestwell’s board on the back of the company’s recent $30 million Series B funding round, which will be used to fuel innovation and scale the company’s retirement technology platform.

“We’re very excited to have Rana and Lori join our Board to lend their expertise in financial services and technology and help guide our next phase of growth,” said Aaron Schumm, Co-Founder and CEO of Vestwell. “Rana is a clear visionary with deep insight into how fintech companies can successfully navigate and disrupt traditional financial services, while Lori is a renowned and dynamic industry executive with decades of experience leveraging technologies to scale platform businesses at pivotal junctures. Their contributions will certainly help make our future vision a reality.”

“I was drawn to Vestwell because it has developed a modern and intuitive interface that empowers advisors to more efficiently manage customized retirement plans,” said Yared. “I’m looking forward to working alongside the team to continue reimagining retirement through technology.”

Rana Yared joins the Board of Directors as a representative from Goldman Sachs, which led Vestwell’s Series B funding round in April 2019. At Goldman, Yared plays a leading role in the company’s financial technology investment arm and helps lead the commercialization of the bank’s technologies. She was recently named one of Goldman Sachs’ “Most Powerful Women” and has been recognized by Fortune’s 40 Under 40 list.

“Vestwell is filling an important gap that has prevented so many retirement advisors from not only scaling their businesses, but also improving their client experience,” said Hardwick. “I’m thrilled to join the board to help fuel a much needed transformation in how retirement plans are administered, managed, and experienced by all stakeholders.”

Lori Hardwick is a renowned industry veteran, with specific expertise in investment, technology, and advisory solutions. In addition to her current position, Hardwick serves as a member of the Board of Directors for AI Labs, a company she co-founded in 2017. Previously, she was one of the original partners at Envestnet, as well as Chief Operating Officer of Pershing. Hardwick has been named to the “Women to Watch” list by InvestmentNews, listed as one of the “50 Most Influential Women in Private Wealth” by Private Asset Management magazine, and included in Investment Advisor’s 25 list, among other accolades.

About Vestwell Holdings, Inc.

Vestwell is a digital platform that makes it easier to offer and administer retirement plans. Vestwell removes traditional friction points through flexible investment strategies, fiduciary oversight, and streamlined administration, all at competitive pricing. By acting as a single point of contact, Vestwell has modernized the retirement offering while keeping the advisor’s, employer’s, and plan participant’s best interests in mind. Learn more at Vestwell.com and  on Twitter @Vestwell.

Media Contact

Brooke Flohr

914-715-3247

brooke@bevelpr.com

Vestwell to Add Multi-Manager Target Date Model Portfolios from Morningstar Investment Management

New offering will give advisors diversified strategies to help support the needs of plan sponsors

portfolios

NEW YORK, NY, April 16, 2019Vestwell, a digital retirement platform, announced today the upcoming launch of a service combining 3(38) fiduciary line-up services with target date model portfolios from Morningstar Investment Management LLC, a provider of discretionary investment management and advisory services. This series of target date model portfolios, built from one of the line-ups created by Morningstar Investment Management, will give Vestwell advisors exclusive access to a new set of target-date strategies.

The service will offer active-passive blended models free of any revenue sharing or referral fees. In addition, the diverse, multi-manager line-up will give advisors access to funds from Lord Abbett, State Street, OppenheimerFunds, Cohen & Steers, and Franklin Templeton Investments. These model portfolios, coupled with Morningstar Investment Management’s fiduciary support, will be delivered through Vestwell’s modernized retirement platform.

“When looking to expand the asset management strategies on our platform, we sought out an investment firm with core capabilities in asset allocation, investment selection, and portfolio construction,” said Aaron Schumm, Founder and CEO, Vestwell. “Fortunately, we did not have to look far, and we’re thrilled to have Morningstar Investment Management’s line-up fully integrated into the Vestwell platform.”

Vestwell’s proprietary recordkeeping and model management technology offers a highly flexible open-architecture construct, making for a simple integration that helps both parties more effectively support their client’s diversified needs. Advisors, in turn, can efficiently scale their retirement practices through advanced technology and sophisticated offerings.

“Vestwell’s offering provides advisors with a modern, streamlined approach to retirement services,” said Brock Johnson, President, Global Retirement and Workplace Solutions, Morningstar Investment Management. “We’re pleased to support Vestwell’s commitment to providing advisors with the retirement technology tools, investment offerings, and fiduciary support they need to assist plan sponsors.”

For more information on the service, please visit www.vestwell.com/news.

About Vestwell Holdings, Inc.

Vestwell is a digital platform that makes it easier to offer and administer 401(k) plans. Vestwell removes traditional friction points through a seamless plan design, automated onboarding, streamlined administration, and flexible investment strategies, all at competitive pricing. By acting as a single point of contact, Vestwell has modernized the retirement offering while keeping the plan sponsor’s and plan participant’s best interests in mind. Learn more at Vestwell.com and on Twitter @Vestwell.

About Morningstar’s Investment Management group 

Morningstar’s Investment Management group is a leading provider of discretionary investment management and advisory services. Guided by seven investment principles, the group is committed to focusing on its mission to design portfolios that help investors reach their financial goals. The group’s global investment management team works as one to apply its disciplined investment process to all strategies and portfolios, bringing together core capabilities in asset allocation, investment selection, and portfolio construction. This robust process integrates proprietary research and leading investment techniques. In addition to advisory services, the group’s investment professionals build and manage model portfolios for financial advisors in the United States, United Kingdom, Australia and South Africa to create strategies that incorporate a wide variety of investment objectives. Morningstar’s Investment Management group includes subsidiaries of Morningstar, Inc. that are authorized in the appropriate jurisdiction to provide advisory services.

About Morningstar, Inc.

Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offers an extensive line of products and services for individual investors, financial advisors, asset managers, retirement plan providers and sponsors, and institutional investors in the private capital markets. Morningstar provides data and research insights on a wide range of investment offerings, including managed investment products, publicly listed companies, private capital markets, and real-time global market data. Morningstar also offers investment management services through its investment advisory subsidiaries, with more than $193 billion in assets under advisement and management as of Dec. 31, 2018. The company has operations in 27 countries. For more information, visit www.morningstar.com/company. Follow Morningstar on Twitter @MorningstarInc.

 

Media Contacts:

Jessica Torchia

917-636-4804

Jessica.Torchia@ficommpartners.com

 

Vestwell Continues to Redefine Retirement, Announcing a $30 million Series B to Fuel Growth

 

Series B

New York, NY – Tuesday, April 2 — Vestwell, a digital retirement platform, announced that it raised $30 million in Series B financing. Goldman Sachs Principal Strategic Investments (PSI) led the round, working closely with Goldman Sachs’ Consumer and Investment Management Division (CIMD), joined by Point72 Ventures and a host of other strategic retirement-focused financial services providers including the venture capital arm of Nationwide, Allianz Life Ventures, BNY Mellon, and Franklin Templeton. The round also included participation from Series A and Series Seed investors, F-Prime Capital, FinTech Collective, Primary Venture Partners, and Commerce Ventures.

Vestwell is the first digital retirement platform built for the financial advisor, helping scale plan sponsor and participant relationships to a new level. With its innovative technology, streamlined administration, fiduciary oversight, and modern interface, Vestwell has reimagined the 401(k) and 403(b) industry for the better. This new financing will propel Vestwell even further, while resetting the bar for how open-architecture in retirement plans can be provided to companies of any size in an affordable and modern way. This includes significant investments in technology and client service, two areas where Vestwell continues to pioneer.

“We were drawn to Vestwell because it has developed a modern and intuitive interface that empowers advisors to more efficiently manage customized retirement plans,” said Timothy J. O’Neill and Eric S. Lane, co-heads of Goldman Sachs’ CIMD.

In just these past 12-months, Vestwell’s client growth increased tenfold and the company has implemented strategic alliances with BNY Mellon, Allianz, Namely, Dimensional Fund Advisors, OnPay and Riskalyze, among others soon to be announced. Retirement-centric advisory companies and incumbents are quickly turning to Vestwell to be the engine behind their retirement books of business, valuing cutting edge technology such as Vestwell’s patent-pending real-time payroll engine and advanced employee eligibility calculator.

“I feel Vestwell’s momentum on a daily basis, so it’s incredibly humbling to have so many of the industry’s leading players see the value in what we’re building and share our vision of what lies ahead,” says Aaron Schumm, founder and CEO of Vestwell. “We’re elated to align ourselves with retirement industry experts who are not only investing capital into Vestwell, but who are also investing time and resources into ensuring our success.”

“The market impact we’ve seen from Vestwell in the two short years since leading the seed investment in them is remarkable,” says Brooks Gibbins, Co-Founder and Managing Partner of FinTech Collective. “Participants, employers, and channel partners have all validated Vestwell’s approach, and we’re thrilled to continue supporting industry change alongside them.”

ABOUT VESTWELL HOLDINGS, INC.

Vestwell is a digital platform that makes it easier to offer and administer retirement plans. Vestwell removes traditional friction points through flexible investment strategies, fiduciary oversight, and streamlined administration, all at competitive pricing. By acting as a single point of contact, Vestwell has modernized the retirement offering while keeping the advisor’s, employer’s, and plan participant’s best interests in mind. Learn more at Vestwell.com and on Twitter @Vestwell.

 

Media please contact:

Jessica Torchia

FiComm Partners

908-872-7319

Jessica.torchia@ficommpartners.com

Vestwell Announces Partnership with OnPay Giving Advisors Access to Online Payroll Service

online payroll serviceNEW YORK, NY, February 20, 2019Vestwell, a digital retirement platform, today announced they have partnered with OnPay, the top-rated online payroll service serving small and medium-sized businesses. The complete integration between the two modern-day technologies means that plan sponsors now have access to a turnkey retirement offering with seamless data flow between their payroll and retirement plan providers.

Vestwell and OnPay both service plan sponsors through a co-branded experience that gives advisors and accounting firms the ability to support clients with a customized and cohesive experience. Through this new relationship, accounting firms who leverage OnPay’s technology now have a retirement plan offering that simplifies their client’s ability to offer tax advantaged plans. Vestwell advisors whose clients still use antiquated payroll solutions can migrate towards a modernized offering that syncs directly with their retirement platform.

“At Vestwell, we are committed to making retirement plans easier and more accessible for all involved,” said Aaron Schumm, founder and CEO of Vestwell. “Integrating OnPay into our platform does this by giving advisors a more expansive solution for their clients, offering plan sponsors an easier way to administer plans, and providing participants the peace of mind they deserve.”

Integration with payroll is a key pain point of traditional retirement plan offerings, and the Vestwell and OnPay relationship underscores a joint commitment to helping small businesses transfer funds and data without the complications of disparate systems. Working in tandem, the systems streamline administration across paychecks, taxes, and compliance, freeing up time to focus on competing priorities.

“We are continually looking for opportunities to help our clients eliminate manual processes and access all the information they need to make informed decisions,” said Mark McKee, President and COO of OnPay. “Our relationship with Vestwell expands the ways in which we can make business easier for them while painting a clearer financial picture. It also makes it much easier for small business owners and their advisors to offer the benefits their employees want the most.”

About Vestwell Holdings, Inc.

Vestwell is a digital platform that makes it easier to offer and administer retirement plans. Vestwell removes traditional friction points through flexible investment strategies, fiduciary oversight, and streamlined administration, all at competitive pricing. By acting as a single point of contact, Vestwell has modernized the retirement offering while keeping the plan sponsor’s and plan participant’s best interests in mind. Learn more at Vestwell.com and on Twitter @Vestwell.

About OnPay

 OnPay’s mission is to help every small business run by making payroll, HR and benefits easy, affordable and mistake-free. OnPay launched in 2009 as the subsidiary of a traditional payroll company. The team’s deep history with payroll helps OnPay deliver an approachable payroll solution that accommodates companies in every industry, as well as their accountants and bookkeepers. PC Magazine gave OnPay an “Excellent” rating, and the company has earned five out of five star ratings for its payroll solution on Capterra, earning awards for ease of use and best customer service. Learn more by visiting OnPay.com.

Media Contact:

Jessica Torchia

908-872-7319

Jessica.Torchia@ficommpartners.com

 

Vestwell and BNY Mellon Collaborate to Tackle State-Mandated IRA Programs Nationwide

 

 

 

 

Vestwell, a digital retirement platform, today announced a strategic relationship with BNY Mellon, the largest custodian in the world and global leader in investment management and investment services. Together, the firms will now offer 401(k), 403(b), and employer-sponsored IRA plans to BNY Mellon clients, accessible via Vestwell’s turnkey digital interface.

Through the collaboration, Vestwell will be tightly embedded in an open-architecture construct and offered to BNY Mellon clients nationwide.  Jointly, the platform will allow companies to bring modern solutions to state sponsored retirement programs as well as advisor-led 401(k), 403(b) and IRA programs.

“We couldn’t be more excited about working with one of the most respected financial institutions in the world to power state-led IRA savings programs as well as larger company sponsored retirement programs,” said Aaron Schumm, founder and CEO of Vestwell. “With BNY Mellon’s industry leadership and Vestwell’s digital solution, we’re working to ensure that all employees have practical investment vehicles in place.”

BNY Mellon’s wholly-owned entities– which include BNY Mellon Custody, Pershing brokerage services, Lockwood asset management, and Sumday – will be able to utilize Vestwell’s flexible and intuitive platform. This integrated offering will provide advisors a more comprehensive viewpoint into their plan sponsor companies and their employees’ retirement accounts.

“This collaboration with Vestwell cements our commitment to reshaping retirement account solutions for advisors, trust officers, companies, and employees alike” said  Doug Magnolia, Managing Director,  BNY Mellon Asset Servicing, “We’re proud to deploy such a powerful, tech-driven offering that will impact businesses nationwide and, more importantly, help set their employees up for success.”

For more information on the partnership please visit www.vestwell.com/news.

About Vestwell Holdings, Inc.
Vestwell is a digital platform that makes it easier to offer and administer 401(k) plans. Vestwell removes traditional friction points through a seamless plan design, automated onboarding, streamlined administration, and flexible investment strategies, all at competitive pricing. By acting as a single point of contact, Vestwell has modernized the retirement offering while keeping the plan sponsor’s and plan participant’s best interests in mind. Learn more at Vestwell.com and on Twitter @Vestwell.

About BNY Mellon
BNY Mellon is a global investments company dedicated to helping its clients manage and service their financial assets throughout the investment lifecycle. Whether providing financial services for institutions, corporations or individual investors, BNY Mellon delivers informed investment management and investment services in 35 countries. As of September 30, 2018, BNY Mellon had $34.5 trillion in assets under custody and/or administration, and $1.8 trillion in assets under management. BNY Mellon can act as a single point of contact for clients looking to create, trade, hold, manage, service, distribute or restructure investments. BNY Mellon is the corporate brand of The Bank of New York Mellon Corporation (NYSE: BK). Additional information is available on www.bnymellon.com. Follow us on Twitter @BNYMellon or visit our newsroom at www.bnymellon.com/newsroom for the latest company news.

Vestwell Works with Dimensional Fund Advisors to Optimize Retirement Income Planning

vestwelldimensional

 

 

Advisors can utilize Dimensional’s Retirement Income Calculator to better assess the retirement readiness of their clients

NEW YORK, September 25, 2018—Vestwell, a digital retirement platform, today announced the addition of a new retirement income tool from Dimensional Fund Advisors(Dimensional), a global investment firm. Dimensional’s My Retirement Income Calculator is now fully integrated into Vestwell’s advisor and participant portals, giving advisors unique insight into how their clients are saving and enabling them to better support participants’ retirement income readiness.

The calculator, available to Vestwell advisors who utilize Dimensional funds, is designed to enhance their retirement offerings by allowing them to bring a more customized approach to employee retirement programs. The calculator gives advisors a clear line of sight into how much in-retirement income their clients might be able to afford. The income projections offered by the My Retirement Income Calculator also consider asset allocation shifts over time to help improve the reliability of those estimates.

“Vestwell was built to help advisors better service their clients, and Dimensional’s calculator perfectly supports that mission,” said Aaron Schumm, Founder and CEO of Vestwell. “Thanks to the integration ofthe My Retirement Income Calculator, Vestwell advisors can better assess the impact of their clients’ savings and investment decisions, allowing them to collaborate with clients to better maximize the chances of achieving desired retirement goals.”

“We’re excited to be working with Vestwell to offer the full functionality of our My Retirement Income Calculator, and thrilled that together we can help enhance the way advisors engage with their clients on retirement income,” said Dave Butler, Co-CEO and Head of Global Financial Advisor Services at Dimensional.

About Vestwell Holdings, Inc.

Vestwell is a digital platform that makes it easier to offer and administer 401(k) plans. Vestwell removes traditional friction points through seamless plan design, automated onboarding, streamlined administration, and flexible investment strategies, all at competitive pricing. By acting as a single point of contact, Vestwell has modernized the retirement offering while keeping the plan sponsor’s and plan participant’s best interests in mind. Learn more at Vestwell.com and on Twitter @Vestwell.

About Dimensional Fund Advisors

Dimensional is a leading global investment firm that has been translating academic research into practical investment solutions since 1981. Guided by a strong belief in markets, the firm helps investors pursue higher expected returns through advanced implementation. With clients around the world, Dimensional has 13 offices in nine countries and global assets under management of $582 billion as of June 30, 2018. Learn more at us.dimensional.com.

Vestwell Partners with Allianz Life Ventures

digital retirement solutionAllianz Life

NEW YORKJune 5, 2018 /PRNewswire/ — Vestwell, a digital retirement solution, announced today a strategic partnership with Allianz Life Ventures, part of Allianz Life Insurance Company of North America (Allianz Life), to offer its end-to-end retirement planning solution to Allianz Life’s extended network of advisors.

Vestwell enables financial advisors to more effectively service companies looking to launch or convert their 401(k) or 403(b) employee retirement programs. Allianz Life Ventures and affiliated businesses, entrenched in the independent broker dealer space, provide access to a strong network of top advisors who embrace modernization. Through this partnership, Vestwell will offer their technology services to more easily bring retirement plans to thousands of advisors across the Allianz Life network.

“Together, Vestwell and Allianz Life are redefining how the industry creates efficiencies around retirement program management,” said Aaron Schumm, Founder and CEO, Vestwell. “By leveraging Allianz Life’s advisor relationships and our unique value proposition, we can fulfill both of our promises to guide people towards a comfortable retirement.”

Through an open architecture investment solution, the partnership allows Allianz Life advisors to access a state of the art retirement platform and select retirement planning options that best suit client needs.

“Allianz Life Ventures is committed to identifying and working with the industry’s leading financial technology and services companies,” said Emily Reitan, Vice President of Business Development and Strategy, Allianz Life Ventures. “We are excited to bring Vestwell into the Allianz Life family and to work together to help bring additional innovation to the retirement industry.”

For more information on the partnership please visit www.vestwell.com.

About Vestwell Holdings, Inc.

Vestwell is a digital platform that makes it easier to offer and administer 401(k) plans. Vestwell removes traditional friction points through a seamless plan design, automated onboarding, streamlined administration, and flexible investment strategies, all at competitive pricing. By acting as a single point of contact, Vestwell has modernized the retirement offering while keeping the plan sponsor’s and plan participant’s best interests in mind. Learn more at Vestwell.com and on Twitter @Vestwell.

About Allianz Life Ventures

Allianz Life Ventures, part of Allianz Life Insurance Company of North America (Allianz Life), makes investments in North American companies with potential market traction and a demonstrated ability to drive innovation. Allianz Life Ventures is uniquely positioned to leverage the financial strength and in-house expertise of Allianz Life to help our partners succeed. Active in all investment stages from seed and early stage to growth, current partners include: Vestwell, Core Innovation Capital, blooom, tomorrow, LifeYield, Ladder and Gainfully. Learn more at Allianz Life Ventures.

SOURCE Vestwell Holdings, Inc.

Related Links

http://vestwell.com

 

Vestwell Partners With Namely

Retirement Platform

Retirement Platform

Collaboration provides companies with a user-friendly, integrated digital retirement experience

NEW YORK, NY, April 12, 2018 – Vestwell, a digital retirement platform, announced today that it is partnering with Namely, a leading HR platform for mid-sized companies, to provide an all-in-one retirement experience for plan sponsors and their employees.

Vestwell’s retirement offering will now integrate into Namely’s platform. Through single sign on, users will gain access to key benefits and retirement information, all in one place. More importantly, the new offering provides payroll integration, thus removing the significant administrative burden from plan sponsors of providing ongoing payroll information and updated election deferrals.

“At Vestwell, our key objective is to modernize how retirement plans are offered and administered, and our partnership with Namely does just that,” said Aaron Schumm, founder and CEO, Vestwell. “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.”

Namely clients interested in Vestwell’s services for their retirement offering will benefit from a simplified payroll integration, fast and easy onboarding, transparent pricing, and streamlined administration.

“At Namely, we’re focused on providing mid-sized companies with best-in-class technology for all of their HR needs,” said Michael Manne, VP Sales, Namely. “We’re excited to partner with Vestwell to provide our clients with a like-minded, advanced technology solution that seamlessly integrates into our HR platform.”

About Vestwell Holdings, Inc.

Vestwell is a digital platform that makes it easier to offer and administer 401(k) plans. Vestwell removes traditional friction points through a seamless plan design, automated onboarding, streamlined administration, and flexible investment strategies, all at competitive pricing. By acting as a single point of contact, Vestwell has modernized the retirement offering while keeping the plan sponsor’s and plan participant’s best interests in mind. Learn more at Vestwell.com and on Twitter @Vestwell.

About Namely

Namely is the first HR platform that employees actually love to use. Namely’s powerful, easy-to-use technology allows companies to handle all of their HR, payroll, time management, and benefits in one place. Coupled with dedicated account support, every Namely client gets the software and service they need to deliver great HR and a strong, engaged company culture.

Namely is used by over 1,000 clients with over 175,000 employees globally. Headquartered in New York City, the company has raised $157.8 MM from leading investors, including Altimeter Capital, Scale Capital, Sequoia Capital, Matrix Partners, and True Ventures. For more information, visit www.Namely.com.

Vestwell Announces New Strategic Appointments

strategic appointments

NEW YORK, NY, March 13, 2018Vestwell, a digital retirement platform, today announced the appointments of two new board members who will provide strategic counsel on areas including best practices, innovative ideas, and the firm’s trajectory. Drew Lawton joins the firm’s Advisory Board and John Moody joins the Board of Directors. Additionally, the firm has hired Benjamin Thomason as executive vice president of sales and John Skovron as chief technical officer (CTO). These strategic appointments support Vestwell’s dedication to enhancing their technology, supporting clients, and making retirement plans simpler and more accessible.

John Moody, founder and former president of Matrix, will leverage his knowledge as an operator and his position as an industry guru to enhance Vestwell’s value proposition by serving on the Board of Directors. John’s firsthand experience in building scale around a growing business makes him well suited to help Vestwell increase market share.

Drew Lawton, former CEO of New York Life and Pyramis – Fidelity’s retirement vertical, has recently joined Vestwell’s Advisory Board. As a former operator on the institutional side, Drew’s extensive wealth of knowledge in the financial services space will help steer the company to new strategic heights.

“Both John and Drew bring imposing knowledge from their careers in financial services and their insight will advance Vestwell’s mission to help advisors more seamlessly offer retirement plan services to their clients,” said Schumm. “I welcome them to Vestwell and look forward to hearing their valuable perspectives as Vestwell continues to poise for new growth.”

To support ongoing growth including the expansion of offerings and services, Vestwell has brought on two senior hires in Benjamin Thomason and John Skovron.

Benjamin Thomason joins Vestwell as executive vice president of sales from Goldman Sachs where he was responsible for developing institutional partnerships for Honest Dollar. With over 15 years of financial services industry experience, Benjamin will lead Vestwell’s sales and service operations with a focus on expanding the firm’s advisor relationships, building new strategic institutional relationships, and maintaining world-class customer service.

John Skovron previously served as senior vice president platform engineering at Integral Ad Science focusing on high throughput data collection, big data processing, software testing and release engineering, and technical and network operations. As the new CTO at Vestwell – and backed by over 30 years’ experience – John will serve as an invaluable asset as he drives Vestwell’s technological advancements.

“Vestwell continues to thrive due in large part to the many talented individuals that have come together,” said Vestwell CEO Aaron Schumm. “We are excited to have Ben and John join our team and reinforce our strategic game plan. They both bring abounding competence to their roles, and as we aim to expand our business model, their expertise will significantly augment our services and offerings.”

For more information about Vestwell, please visit: http://www.vestwell.com/.

About Vestwell Holdings, Inc.

Vestwell Advisors, LLC is a SEC registered investment advisor, a wholly owned subsidiary of Vestwell Holdings, Inc., specializing in 401(k), 403(b) and other defined contribution and benefit retirement investment management services. Built by an experienced team led by CEO Aaron Schumm, Vestwell can assume 3(38) or 3(21) investment management and ERISA3(16) fiduciary responsibility on the behalf of advisors and their plan sponsor clients. Learn more at Vestwell.com and on Twitter @Vestwell.

This is not an offer, solicitation, or advice to buy or sell securities in jurisdictions where Vestwell Advisors is not registered. An investor should consider investment objectives, risks and expenses before investing. More information is available within Vestwell Advisors’ ADV.  There are risks involved with investing. Investors should consider all of their assets, income and investments. Portfolios are subject to change. All opinions and results included in this publication constitute Vestwell Advisors’ judgment as of the date of this publication and are subject to change without notice.

Media Contacts:

Jessica Torchia

917-636-4804

Jessica.Torchia@ficommpartners.com

Riskalyze Retirement Solutions Goes Live at T3 Advisor Conference

Riskalyze

Riskalyze Retirement Solutions, the industry’s first end-to-end digital 401(k) experience built around the RiskNumber® is now live!

Riskalyze Retirement Solutions is a digital platform designed to make it easy and profitable for advisors to propose, onboard and serve 401(k) plans. Powered by Vestwell, the joint product eases every step of the 401(k) plan process, from proposal to execution, all while utilizing the Risk Number to ensure plan participants achieve the proper asset allocation. Read more here.