Fintech firm recognized for revolutionizing recordkeeping for financial advisors

NEW YORK, NY, December 8, 2020 – Vestwell, the digital recordkeeping platform bringing the 401(k) and 403(b) retirement plan industry into the modern fintech era, today announced it has been named a winner of InvestmentNews’ 2020 Innovation Award in the adviser fintech, small firm category. The award honors firms with products, services, technologies, or platforms that allow advisors to run their businesses more efficiently or effectively, and Vestwell is recognized for its ability to empower advisors to scale using its white-labeled, digital recordkeeping platform.

Vestwell has taken a traditionally inefficient process built on legacy technology and built a modern, configurable recordkeeping platform, enabling advisors to streamline sales and delivery. Saving financial advisors’ time while minimizing human error, Vestwell creates fully digital processes for historically cumbersome tasks like eligibility, loans and distributions, data processing and more.

“We are so honored to be recognized by InvestmentNews,” said Vestwell CEO Aaron Schumm. “Winning the Innovation Award is a testament to the hard work of the Vestwell team and I am so humbled to be on this exciting ride alongside each and every one of them. Together with great advisors, partners, and employers, we’re able to help millions of Americans better navigate and save for retirement, and it means a great deal that InvestmentNews has recognized us for it.”

InvestmentNews began the Icons & Innovators program four years ago to pay tribute to the visionaries who have shaped and transformed the financial advice profession. This is the second year that InvestmentNews recognized the crucial role firms play in cultivating and implementing innovative answers to the financial advice industry’s greatest problems, such as retirement readiness, inefficient practices, and inadequate educational sources. With 18 finalists spanning six categories, the Innovation Awards demonstrate the importance of supporting original and inventive ideas in business. Click here to find out more about the awards.

For more information about Vestwell’s submission, please click here.

About Vestwell

Vestwell is the digital recordkeeping platform bringing the 401(k) and 403(b) industry into the modern Fintech era. We have rearchitected the workplace retirement offering from the ground up and built an engine to power the $30T industry. Our customizable, open architecture, and white-labeled platform becomes a natural extension of financial services and payroll partners, while removing traditional friction points plaguing legacy recordkeeping. The result is an easier, more efficient, and all-around better experience for everyone, delivered at a fraction of the cost. Learn more at vestwell.com and on Twitter @Vestwell.

Media Contact

Abbey Yvon
Senior Vice President, Marketing
abbey.yvon@vestwell.com