Digital savings platform empowers Savvy’s advisors to provide deeper value by managing 401(k) plans for their clients’ businesses
NEW YORK–(BUSINESS WIRE)–#financialadvice—Savvy Wealth Inc. (“Savvy”), a digital-first platform for financial advisors centered around modernizing human financial advice, today announced its partnership with Vestwell, the backbone of the modern savings economy. Through this collaboration, advisors at Savvy’s registered investment advisor (RIA) affiliate, Savvy Advisors, can now offer expanded support for business-owning clients by managing their company 401(k) plans and serving as the 3(38) plan advisors and investment manager.
With Vestwell as the recordkeeper and service provider, Savvy’s advisors can seamlessly manage and bill clients’ company 401(k) plans within a white-labeled Savvy experience. Advisors can access their clients’ company plan data, automate administration, and connect with payroll and HR systems, helping them offer a simple, unified 401(k) plan with their broader employee benefits programs.
“Vestwell’s technology-first approach to 401(k) management aligns perfectly with Savvy’s commitment to providing a modern experience across all facets of clients’ financial lives,” said Brian Boswell, CFP®, financial advisor at Savvy Advisors. “When I was first introduced to Vestwell’s services years ago, I was immediately impressed by how easy it was to support my clients in managing their business retirement plans. The platform gives our clients peace of mind by helping them better understand and customize benefits for their employees.”
Savvy expects plan sizes to range from $2 million to $15 million, enabling the firm’s advisors to provide plan advisory services to an underserved market of small business owners. With more than 25 states proposing state-mandated retirement plan legislation, and another 10 already operating state-sponsored retirement plans, Savvy is responding to these changing dynamics to provide their business owner clients with a turnkey solution.
“Having worked with business owners, HR departments, and finance leaders for over a decade, I have witnessed firsthand the complexities of managing these plans,” said Brandon Barber, retirement plan specialist at Savvy Advisors. “With Vestwell’s intuitive platform and user interface, Savvy’s advisors can quickly and efficiently make and adjust investment decisions within their clients’ business 401(k) plans.”
Vestwell provides customizable savings services for businesses across the country. It is designed to make it easier for business owners to offer meaningful benefits without the burden of complex administration. By automating and outsourcing key plan functions, Vestwell effectively reduces the workload on HR departments. The platform integrates seamlessly with leading payroll providers and financial institutions, delivering a flexible, low-maintenance experience.
“At Vestwell, we’re committed to delivering customized solutions that help businesses manage their savings plans more effectively,” added Aaron Schumm, founder and CEO of Vestwell. “When we looked at Savvy, we recognized a shared dedication to leveraging modern technology to simplify and streamline how people build their financial futures. Partnering with innovative companies like Savvy, who align with our vision for the future of wealth management, is key to driving meaningful progress in the industry.”
Now with over 50 advisors collectively managing more than $1.5 billion in assets, Savvy continues to find new ways to elevate advisor-client interactions. For advisors, advisory teams, or emerging RIAs looking to learn more about Savvy Wealth’s proprietary technology platform designed to meet the comprehensive needs of high-net-worth clients, visit savvywealth.com for more details.
About Savvy
Savvy Wealth is a digital-first, multi-custodial technology platform for financial advisors centered around modernizing human-generated financial advice. Wealth managers who partner with Savvy Advisors leverage its intentionally built, integrated technology platform to help supercharge organic growth with enhanced software, and sales and marketing automation. Savvy Wealth’s proprietary technology empowers wealth managers to scale revenue faster and spend more time focused on growth. Follow Savvy on LinkedIn to stay up to date on the latest company news and updates.
Savvy does not provide compensation for advisor endorsements; however, endorsements represent a conflict of interest as advisors may indirectly benefit from the endorsement they have provided. Savvy Wealth, Inc. is a tech company and the parent company of Savvy Advisors, Inc. All advisory services are offered through Savvy Advisors, Inc., an investment advisor registered with the Securities and Exchange Commission (SEC). AI used on Savvy Wealth’s advisor platform is not intended to replace human advice, nor does the AI provide client-facing investment advice or make investment decisions.
About Vestwell
Vestwell is the backbone of the modern American savings economy. Vestwell is a financial technology company that makes it easier for more Americans to save for life’s most important moments – from retirement to education and healthcare. Founded in 2016, Vestwell’s platform removes traditional barriers to saving, making it accessible, efficient, and approachable for everyone.
Vestwell provides a comprehensive suite of workplace savings solutions, including retirement plans, student loan repayment benefits, and specialized accounts for education, emergencies, and disability savings.
Trusted by financial advisers, employers, payroll providers, financial institutions, and government agencies, Vestwell empowers nearly 1.5 million savers across over 350,000 businesses nationwide, with over $35 billion in assets saved. With a commitment to closing the savings gap and fostering a secure financial future for all, Vestwell provides an elevated and accessible savings technology everyone deserves.
For more information, visit vestwell.com.
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