The round was led by Goldman Sachs Principal Strategic Investments (PSI), with participation from Point72 Ventures, Nationwide, Allianz Life Ventures, BNY Mellon, Franklin Templeton, F-Prime Capital, FinTech Collective, Primary Venture Partners, and Commerce Ventures.
The company intends to use the funds to invest in technology and client service.
Led by Aaron Schumm, founder and CEO, Vestwell provides a digital platform built for financial advisors to offer and administer retirement plans. The company’s platform removes traditional friction points through flexible investment strategies, fiduciary oversight, and streamlined administration, all at competitive pricing.
In the past 12 months, Vestwell has implemented strategic alliances with BNY Mellon, Allianz, Namely, Dimensional Fund Advisors, OnPay and Riskalyze, among others soon to be announced.
FinSMEs
03/04/2019