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]
Canadian stocks are on a roll in 2025 as the country prepares to name a new Prime Minister.
Two C-level leaders reveal the new time-saving tools they've implemented and what advisors are doing with their newly freed-up hours.
The RIA led by Merrill Lynch veteran John Thiel is helping its advisors take part in the growing trend toward fee-based annuities.
Driven by robust transaction activity amid market turbulence and increased focus on billion-dollar plus targets, Echelon Partners expects another all-time high in 2025.
The looming threat of federal funding cuts to state and local governments has lawmakers weighing a levy that was phased out in 1981.
RIAs face rising regulatory pressure in 2025. Forward-looking firms are responding with embedded technology, not more paperwork.
As inheritances are set to reshape client portfolios and next-gen heirs demand digital-first experiences, firms are retooling their wealth tech stacks and succession models in real time.
