Vestwell, Envestnet companion within the creation of turnkey pension plans

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Vestwell, a New York-based digital records platform, and Chicago-based Envestnet are working together to develop a turnkey retirement solution, the companies said in a press release.

By working together, advisors using Vestwell can access investment management services under Section 3 (38) through Envestnet Retirement Solutions.

Envestnet will provide plan-level fiduciary services to Vestwell that will be responsible for the maintenance and management of records.

Over time, the companies say, the relationship will be expanded to include other Envestnet offers.

[More: New Vestwell infrastructure removes traditional record keepers from retirement plan administration]

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