Le Lézard
Classified in: Science and technology, Business
Subjects: PDT, JVN

Vestwell Announces New Joint Offering with Riskalyze to Deliver an End-to-End Digital 401(k) Experience Built Around the Risk Number®



NEW YORK, Oct. 5, 2017 /PRNewswire/ -- Vestwell and Riskalyze today announced a new joint offering called Riskalyze Retirement Solutions, allowing advisors to access a new version of Vestwell's retirement planning portal on the Riskalyze platform. The deep partnership will put Vestwell, the industry's first fiduciary-backed retirement platform for the financial advisor community, and Riskalyze, the industry's leading risk alignment platform, in the hands of financial advisors to better service employers and investors everywhere.

 (PRNewsfoto/Vestwell)

Aaron Schumm, CEO at Vestwell, was featured today during the main keynote address at the Fearless Investing Summit, where both companies discussed how the partnership will help advisors scale their practice, while enhancing the client experience, with compliance and a fiduciary mindset at the core. 

Advisors will be able to simply log into the Riskalyze platform to generate 401(k) proposals and onboard clients electronically. In addition, plan participants will have access to pinpoint their own Risk Number® to help them get matched with the right asset allocation.

In addition to Vestwell's 3(38) investment management services, the new joint offering will include access to several of the asset managers in Riskalyze's Autopilot Partner Store. This will give advisors, plan sponsors and plan participants access to additional investment strategies, while still allowing Vestwell to assume ERISA 3(16) fiduciary responsibility on behalf of advisors and plan sponsors.

Overall, the new joint offering will allow advisors to clearly document their alignment and compliance with the pending DOL Fiduciary Rule, and demonstrate that they are acting in the best interests of plan participants. Users of the joint offering can look forward to the following features:

"At Vestwell, our number one priority is providing financial advisors with retirement technology that removes the administrative burden of implementing and servicing retirement plans," said Vestwell CEO Aaron Schumm. "We're thrilled to reach more advisors through our partnership with Riskalyze, an industry leader whose mission of equipping advisors with outstanding risk assessment technologies mirrors our own core values."

The offering will be available to Riskalyze users including Registered Independent Advisors, Independent Broker-Dealers, investment managers, plan sponsors, and employees.

"Vestwell's mission to make retirement plans affordable and accessible for all investors is reflective of our own hope: to empower fearless investing by providing investors with their true risk tolerance, and helping advisors align portfolios in the best interests of their clients," said Aaron Klein, CEO of Riskalyze. "These shared values are what prompted us to choose Vestwell as our partner in delivering an end-to-end digital 401(k) experience built around the Risk Number."

The integration will be available later this year. To introduce the offering to the advisor community, Riskalyze and Vestwell will be hosting joint webinars to help educate and train advisors using the platform. To learn more about Vestwell's retirement planning platform, visit www.vestwell.com. For more information about Riskalyze, visit www.riskalyze.com.

About Vestwell Holdings, Inc.
Vestwell Advisors, LLC is a SEC registered investment advisor, a wholly owned subsidiary of Vestwell Holdings, Inc., specializing in 401(k), 403(b) and other defined contribution and benefit retirement investment management services. Built by an experienced team led by CEO Aaron Schumm, Vestwell can assume 3(38) or 3(21) investment management and ERISA3(16) fiduciary responsibility on the behalf of advisors and their plan sponsor clients. Learn more at Vestwell.com and on Twitter @Vestwell.  

This is not an offer, solicitation, or advice to buy or sell securities in jurisdictions where Vestwell Advisors is not registered. An investor should consider investment objectives, risks and expenses before investing. More information is available within Vestwell Advisors' ADV.  There are risks involved with investing. Investors should consider all of their assets, income and investments. Portfolios are subject to change. All opinions and results included in this publication constitute Vestwell Advisors' judgment as of the date of this publication and are subject to change without notice.

About Riskalyze
Riskalyze is the company that invented the Risk Number®, which powers the world's first Risk Alignment Platform, empowers advisors to automate client accounts with Autopilot, and enables compliance teams to spot issues, develop real-time visibility and navigate changing fiduciary rules with Compliance Cloud. Advisors, broker-dealers, RIAs, asset managers, custodians and clearing firms use Riskalyze to empower the world to invest fearlessly. To learn more, visit www.riskalyze.com.

SOURCE Vestwell Holdings, Inc.; Riskalyze


These press releases may also interest you

at 12:11
With deep sadness, M&T Bank Corporation ("M&T") announced that Chairman and Chief Executive Officer Robert G. Wilmers died suddenly and unexpectedly at home late last night.  He was 83. In accordance with its succession...

at 12:00
Announcing TrustLogics (www.trustlogics.com), a new information gateway based on decentralized technology that establishes a global unique standard for optimizing communications in the job market. TrustLogics is analogous to the "missing link" in the...

at 09:00
OPSEU CAAT Academic and the colleges' bargaining team participated in mediation from December 14 through December 16. Following the mediation, an arbitration took place on Saturday, December 16. The arbitrator's award will form the new collective...

at 08:00
Lowcostcarsinsurance.com has released a new blog post presenting the pros and cons of bundling auto insurance and homeowner insurance. It is true that homeowners pay less for auto insurance. This advantage can be made more profitable by signing...

at 02:17
Cogobuy Group ("Cogobuy" or the "Company", stock code: 400.HK), an e-commerce platform serving the electronics manufacturing industry in China, announces that the Company has gradually overcome the impact of its tightened credit facilities. Its...

16 déc 2017
Pomerantz LLP announces that a class action lawsuit has been filed against Genocea Biosciences, Inc. ("Genocea" or the "Company") and certain of its officers.   The class action, filed in United States District Court, for the District of...




News published on 5 october 2017 at 13:00 and distributed by: