Vestwell, Envestnet partner to create turnkey retirement plans
![Vestwell,-Envestnet-partner-on-turnkey-retirement-solution](https://s32566.pcdn.co/wp-content/uploads/2020/12/tech-illo-3-951x634.jpg.optimal.jpg)
Record keeping will be done by Vestwell, investing by Envestnet
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]
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