Vestwell works with Envestnet to offer business advisors with turnkey options for retirement plans


Through this collaboration, Vestwell Consultants can now access Envestnet’s 3 (38) investment management services through Envestnet Retirement Solutions, LLC to provide a true turnkey solution for clients. Over time, the relationship will be expanded to include further Envestnet offers in order to bring consultants closer to their customers and to further differentiate them through better adaptation.

As the 3 (38) investment manager, Envestnet will provide plan-level escrow services to Vestwell, which will be recorded and managed through its API-driven platform. Together, the tech-first vendors will make it easier for consultants to scale effectively while focusing their attention on participation and outcomes for customers of 401 (k) plan vendors versus setup and implementation.

“At Envestnet, we are committed to working with industry leaders like Vestwell to advance the development of the art of recording retirement plans and to help advisors improve outcomes for plan participants,” he said Khash Sarrafi, Senior Vice President, Envestnet Retirement Solutions. “Our 3 (38) fiduciary functions, supported by Envestnet | PMC, combined with Vestwell’s transformative recording platform, will provide more consultants with the support they deserve to effectively and efficiently sell and serve small and medium-sized businesses The latest step forward in our ongoing commitment to expanding essential advice that will help clients achieve financial wellbeing – and lay the foundation for the practice to grow at scale. “

Both Vestwell and Envestnet are transforming the way financial advisors run their businesses through the effective use of technology. The partnership unites the companies in their efforts to optimize retirement plan services, data aggregation, plan benchmarking, and investment selection and monitoring.

“As we strive to bridge the gap between retirement planning and retirement planning, our focus is on how we can help financial advisors serve their clients more effectively,” said Vestwell’s CEO Aaron Schumm. “We are excited to partner with Envestnet, who shares our mission to empower advisors to succeed through innovative technology. We look forward to further expanding our partnership with Envestnet to offer advisors an expanded suite of retirement services.”

About Vestwell
Vestwell is the digital recording platform that is bringing the 401 (k) and 403 (b) industries into the modern fintech era. We’ve redesigned the workplace retirement offering from the ground up and built an engine for the $ 30 billion industry. Our customizable, open architecture and white label platform become a natural extension of financial services and payroll partners while eliminating traditional points of friction that compromise the retention of older records. The result is a simpler, more efficient, and better all round experience for everyone that is delivered at a fraction of the cost. Learn more at and on Twitter @Vestwell.

About Envestnet
Envestnet, Inc. (NYSE: ENV) is changing the way financial advisory and wellness are offered. Our mission is to provide consultants and financial service providers with innovative technologies, solutions and information to make financial wellbeing a reality for all. Over 105,000 advisors in more than 5,100 companies – including 17 of the 20 largest US banks, 47 of the 50 largest wealth management and brokerage firms, over 500 of the largest RIAs, and hundreds of fintech companies – use the Envestnet platform to grow their businesses Customer relationships.

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Vestwell and Envestnet are separate and unaffiliated companies and are not responsible for each other’s services or policies. This version should not be construed as a recommendation or endorsement of any particular product, service, or company.

Media contacts

Dana Taormina
JConnelly for Envestnet
[email protected]

Abbey Yvon
[email protected]

SOURCE Envestnet Retirement Solutions; Vestwell

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