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Vestwell Announces New Joint Offering with Riskalyze to Deliver an End-to-End Digital 401(k) Experience Built Around the Risk Number®NEW YORK, Oct. 5, 2017 /PRNewswire/ -- Vestwell and Riskalyze today announced a new joint offering called Riskalyze Retirement Solutions, allowing advisors to access a new version of Vestwell's retirement planning portal on the Riskalyze platform. The deep partnership will put Vestwell, the industry's first fiduciary-backed retirement platform for the financial advisor community, and Riskalyze, the industry's leading risk alignment platform, in the hands of financial advisors to better service employers and investors everywhere. Aaron Schumm, CEO at Vestwell, was featured today during the main keynote address at the Fearless Investing Summit, where both companies discussed how the partnership will help advisors scale their practice, while enhancing the client experience, with compliance and a fiduciary mindset at the core. Advisors will be able to simply log into the Riskalyze platform to generate 401(k) proposals and onboard clients electronically. In addition, plan participants will have access to pinpoint their own Risk Number® to help them get matched with the right asset allocation. In addition to Vestwell's 3(38) investment management services, the new joint offering will include access to several of the asset managers in Riskalyze's Autopilot Partner Store. This will give advisors, plan sponsors and plan participants access to additional investment strategies, while still allowing Vestwell to assume ERISA 3(16) fiduciary responsibility on behalf of advisors and plan sponsors. Overall, the new joint offering will allow advisors to clearly document their alignment and compliance with the pending DOL Fiduciary Rule, and demonstrate that they are acting in the best interests of plan participants. Users of the joint offering can look forward to the following features:
The offering will be available to Riskalyze users including Registered Independent Advisors, Independent Broker-Dealers, investment managers, plan sponsors, and employees. "Vestwell's mission to make retirement plans affordable and accessible for all investors is reflective of our own hope: to empower fearless investing by providing investors with their true risk tolerance, and helping advisors align portfolios in the best interests of their clients," said Aaron Klein, CEO of Riskalyze. "These shared values are what prompted us to choose Vestwell as our partner in delivering an end-to-end digital 401(k) experience built around the Risk Number." The integration will be available later this year. To introduce the offering to the advisor community, Riskalyze and Vestwell will be hosting joint webinars to help educate and train advisors using the platform. To learn more about Vestwell's retirement planning platform, visit www.vestwell.com. For more information about Riskalyze, visit www.riskalyze.com. About Vestwell Holdings, Inc. This is not an offer, solicitation, or advice to buy or sell securities in jurisdictions where Vestwell Advisors is not registered. An investor should consider investment objectives, risks and expenses before investing. More information is available within Vestwell Advisors' ADV. There are risks involved with investing. Investors should consider all of their assets, income and investments. Portfolios are subject to change. All opinions and results included in this publication constitute Vestwell Advisors' judgment as of the date of this publication and are subject to change without notice. About Riskalyze View original content with multimedia:http://www.prnewswire.com/news-releases/vestwell-announces-new-joint-offering-with-riskalyze-to-deliver-an-end-to-end-digital-401k-experience-built-around-the-risk-number-300531921.html SOURCE Vestwell Holdings, Inc.; Riskalyze |