Press Release

Vestwell Partners with Leading Advisory and Asset Management Firms

Issued by Vestwell

May 11, 2023

New York -- Vestwell, the leading savings platform for small businesses and individuals, today announced its rapid expansion to serve the financial advisor industry through new key industry partnerships and integrations.

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 has also expanded its distribution partnerships with top advisory firms including Commonwealth Financial Network and Cambridge. 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,” said Aaron Schumm, Founder and CEO, Vestwell. “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,” said 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. Small businesses are seeking affordable and tech-forward retirement plans in record numbers, and we are proud to be able to deliver for them.”

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

Vestwell’s leading technology has enabled several successful partnerships supporting advisor practice growth. Starting the year with new Carson Group and RBC C&C partnerships, Vestwell is pioneering the pathway for advisors and financial institutions to scale within the retirement industry, further adding to the firm’s commitment to advisor success.

For more information or to partner with Vestwell, visit: http://www.vestwell.com

### About Vestwell Vestwell is the modern fintech engine powering savings programs for small businesses and individual savers across the country. We’re helping to close the savings gap by offering a flexible, cost-effective, modern solution to save for the critical aspects of life - retirement, education, and healthcare. Vestwell currently powers nearly 30,000 small businesses, over a million savers, and $27 billion in assets in all 50 states. To learn more visit vestwell.com.

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