Vestwell Works with Dimensional Fund Advisors to Optimize Retirement Income Planning

 

 

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.