Vestwell

OverviewSuggest Edit

Vestwell provides solutions for financial advisers helping them to offer clients a retirement plan without taking on the risk and costs typically associated with creating one. The Company removes the friction points of confusion, cost and compliance overhead. Its digital platform allows seamless plan design, automated onboarding, and low-cost investment strategies, making it easier for employers to offer a retirement plan.

TypePrivate
Founded2016
HQNew York, NY, US
Websitevestwell.com
Employee Ratings4.3
Overall CultureB-

Latest Updates

Employees (est.) (Jan 2022)175(+4%)
Job Openings27
Cybersecurity ratingBMore
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Key People/Management at Vestwell

Aaron Schumm

Aaron Schumm

Founder & Chief Executive Officer
Allison Brecher

Allison Brecher

General Counsel & Chief Privacy Officer
Benjamin Thomason

Benjamin Thomason

Executive Vice President, Revenue
Ann-Marie Gorczyca

Ann-Marie Gorczyca

Senior Vice President, Client Services & Operations
Dave Sheen

Dave Sheen

Chief Financial Officer
Richard Tatum

Richard Tatum

President, Retirement Services
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Vestwell Office Locations

Vestwell has offices in New York and Manchester
New York, NY, US (HQ)
1410 Broadway 23rd floor
Manchester, NH, US
1087 Elm St #307
New York, NY, US
550 7th Ave floor 14
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Vestwell Financials and Metrics

Summary Metrics

Founding Date

2016

Vestwell total Funding

$112.5 m

Vestwell latest funding size

$70 m

Time since last funding

6 months ago

Vestwell investors

Vestwell's latest funding round in July 2021 was reported to be $70 m. In total, Vestwell has raised $112.5 m
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Vestwell Cybersecurity Score

Cybersecurity ratingPremium dataset

B

84/100

SecurityScorecard logo

Vestwell Online and Social Media Presence

Embed Graph

Vestwell Company Culture

  • Overall Culture

    B-

    78/100

  • CEO Rating

    C+

    73/100

  • Compensation

    D

    54/100

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Vestwell News and Updates

Wall Street giants invest in Vestwell

Wells Fargo, Goldman Sachs and Morgan Stanley have joined a $70 million Series C funding round for workplace savings and investing platform Vestwell.

Vestwell just nabbed $70 million from Wells Fargo, Morgan Stanley, Goldman Sachs, and others as it looks to disrupt employee retirement programs

Summary List PlacementAaron Schumm experienced firsthand the complicated maze of employee retirement programs as the cofounder of FolioDynamix, a wealth-management fintech acquired by Actua in 2014. In 2016, Schumm launched Vestwell, a startup that offers a cloud-based, back-end service connecting…

Vestwell Partners with Envestnet to Offer Turnkey Retirement Plan Solutions to Industry Advisors

NEW YORK and CHICAGO, Dec. 9, 2020 /PRNewswire/ -- Vestwell, the digital recordkeeping platform bringing the 401(k) and 403(b) industry into the modern Fintech era, today announced a partnership with Envestnet, Inc. (NYSE: ENV). Through this collaboration, Vestwell advisors can now access...

Goldman Sachs backs retirement technology platform Vestwell

Vestwell Holdings Inc, a tech platform for retirement plans, said on Tuesday it raised $30 million from Goldman Sachs Group Inc, Point72 Ventures and the Bank of New York Mellon Corp.

Vestwell and BNY Mellon Collaborate to Tackle State-Mandated IRA Programs Nationwide

NEW YORK, Dec. 5, 2018 /PRNewswire/ -- Vestwell, a digital retirement platform, today announced a strategic relationship with BNY Mellon, the largest custodian in the world and global leader in investment management and investment services. Together, the firms will now offer 401(k),...

Vestwell Blogs

5 Easy Ways to Improve Financial Literacy in Your Community

April is National Financial Literacy Month, and according to the stats, most of us could use a refresher in financial education. A study conducted by FINRA Investor Education Foundation revealed that only 34% of Americans could ace a quiz on basic financial literacy topics such as interest rates, in…

Vestwell Named 2021 Best Place to Work by Forbes and Arizent

New York, NY — April 1, 2021 — Vestwell, the digital recordkeeping platform bringing the 401(k) and 403(b) industry into the modern Fintech era, today announced it has been named by Forbes as one of America’s Best Startup Employers, as well as one of the Best Places to Work in Financial Technology b…

Want to attract more women to work in retirement? Read this

Financial professionals Courtenay Shipley at Retirement Planology, Kristen Deevy at Pensionmark, Katrina Bell at Zuna, and Deane Mayerhofer at Strategic Retirement Partners reflect on mentors, challenges, and the 401(k) industry. By Allison Brecher  We’ve all seen the stats about female representati…

10 Reasons to Work at Vestwell

At Vestwell, we’re striving to help millions of people save for retirement. Yet, we could never fulfill our mission of democratizing access to quality plans without our number one asset: our employees. Catalyzed by Employee Appreciation Day, we’ve been giving a lot of thought to what makes Vestwell …

Wolters Kluwer’s ftwilliam.com Partners with Vestwell to Bring Modern Workplace Retirement Technology to TPA Recordkeepers

The partnership helps enterprises more effectively service the retirement plan ecosystem through a forward-looking solution New York, NY — March 10, 2021— Wolters Kluwer Legal & Regulatory U.S. today announced a partnership with Vestwell, the digital recordkeeping platform, for ftwilliam.com, Wo…

How to Effectively Measure Retirement Plan Success

It’s important for plan sponsors to define plan goals and what they are going to measure, and the defined metrics should be things they can influence. Plan sponsors might not know how to measure the success of their retirement plans. According to Vestwell’s “2020 Retirement Trends Report,” plan advi…
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Vestwell Frequently Asked Questions

  • When was Vestwell founded?

    Vestwell was founded in 2016.

  • Who are Vestwell key executives?

    Vestwell's key executives are Aaron Schumm, Allison Brecher and Benjamin Thomason.

  • How many employees does Vestwell have?

    Vestwell has 175 employees.

  • Who are Vestwell competitors?

    Competitors of Vestwell include Human Interest, Philstocks Financial and The Peck Company Holdings.

  • Where is Vestwell headquarters?

    Vestwell headquarters is located at 1410 Broadway 23rd floor, New York.

  • Where are Vestwell offices?

    Vestwell has offices in New York and Manchester.

  • How many offices does Vestwell have?

    Vestwell has 3 offices.