Vestwell, a New York-based digital record-keeping platform, and Chicago-based Envestnet are partnering to create a turnkey retirement plan solution, the companies said in a release.
Through the collaboration, advisers using Vestwell will be able to access Section 3(38) investment management services through Envestnet Retirement Solutions.
Envestnet will provide plan-level fiduciary services for Vestwell, which will handle record keeping and administration.
Over time, the companies said, the relationship will expand to include other Envestnet offerings.
[More: New Vestwell infrastructure removes traditional record keepers from retirement plan administration]
The post Vestwell, Envestnet partner to create turnkey retirement plans appeared first on InvestmentNews.
As our second lead editor, Cindy Hamilton covers health, fitness and other wellness topics. She is also instrumental in making sure the content on the site is clear and accurate for our readers. Cindy received a BA and an MA from NYU.