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New Vestwell Partnerships to Support Advisors in Small Biz 401(k) Market

Service Providers

Fintech 401(k) platform provider Vestwell announced its further expansion to serve the financial advisor industry through new key industry partnerships and integrations.

According to the firm’s announcement, Vestwell was selected to support J.P. Morgan expand their recordkeeping options and help power Everyday 401(k), Chase’s small business 401(k) workplace savings platform.

Vestwell also expanded its distribution partnerships with leading advisory firms, including Commonwealth Financial Network and Cambridge. Moreover, to further allow for a seamless recordkeeping solution for advisors and small businesses, the firm has expanded API integrations with leading payroll providers Gusto and Intuit QuickBooks.

“In light of recent regulatory tailwinds and our modern technology solutions, we’ve experienced unprecedented demand from financial advisors for the ability to offer retirement plans to their clients,” Vestwell Founder and CEO Aaron Schumm said in a statement. “These new partnerships and integrations signal the rapid growth across the savings industries with strategic interest from the world’s leading advisory and asset management firms.”

“As the retirement industry is experiencing unprecedented growth, we remain committed to offering best-in-class solutions for our clients,” adds Steve Rubino, Head of Retirement at J.P. Morgan Asset Management. “Enhancing our offering by coupling a modern technology platform with an assigned client success professional, like Vestwell, will enable us to quickly and efficiently meet the increasing demand.”

Vestwell’s modern architecture drives efficiency and affordability for advisors looking to scale their practices to small businesses, the announcement notes. By white-labeling the firm’s platform, advisors benefit from competitive pricing, advanced features, advanced workflows and enhanced small business engagement.

The firm also recently announced partnerships with the Carson Group and RBC C&C to support advisor practice growth.