Vestwell Expands Team with Paul Newmann as Vice President of Sales

NEW YORK, June 1, 2017 – Vestwell announced today that Paul Newmann joined the company as Vice President of Sales. In this role, Newmann is responsible for implementing business development strategies and goals with financial advisors. In addition, Newmann is tasked with defining sales processes that drive desired sales outcomes as well as identifying improvements where and when required.

“I am thrilled to be a part of Vestwell’s mission to provide affordable retirement products to America’s workforce,” said Newmann. “Vestwell’s hyper-growth traction with advisors and their plan sponsor clients is a testament to the long-delayed innovation the retirement industry has needed. Having centered my career around working with advisors and their plan sponsor clients, it’s exciting to be part of a team that is revolutionizing the advisor-driven financial services industry.”

Prior to joining Vestwell, Newmann served as the head of advisor and channel distribution for the Betterment for Business retirement platform. In this position, he sourced new business for the company’s retirement plan products and oversaw strategic sales operations. Prior to that, Newmann was VP of sales for Mesirow Financial where he worked with the industry’s largest recordkeepers, B/Ds, RIAs, and Asset Managers to drive adoption of 3(21) and 3(38) fiduciary services for retirement plans. Newmann started his career at the communications firm FleishmanHillard as an account supervisor responsible for business development, client relationships and account management for a portfolio of financial services and investor relations clients.

“We are excited to welcome Paul to the Vestwell team. A large part of our early success is backboned by the great talent we have brought together. Paul’s talents are purely additive to Vestwell and our future clients,” said Vestwell CEO Aaron Schumm. “As we strategically build out our sales division, adding leaders like Paul, we will increase our outreach to financial advisors in need of low-cost, simplified retirement solutions.”