Vestwell, a small business retirement provider, and Carson Group announced a partnership Tuesday that will help advisors to grow their retirement businesses.
Vestwell will provide a small-and-midsize business component to Carson Group’s Complete 401(k) offering that will allow advisors to better scale their retirement plan practices for businesses in that size range.
The Carson Complete 401(k) offering includes back-office and data integrations and a home office 3(38) solution. The program already incorporates a number of Vestwell’s features, such as payroll integrations, 3(16) services and streamlined onboarding and enrollment.
“We are thrilled to launch Carson Complete 401(k) and partner with a leader in the advisor-sold small plan market,” Jamie Hopkins, managing partner of wealth solutions for Carson Group, said in a statement. “We are committed to enhancing our industry-leading advisory offerings and provide advisors with the best solutions in the market to help ensure they’re set up for success.”
“Like our retirement specialists’ program, this partnership provides advisors with the tools they need to rapidly grow their retirement plan practices, while delivering a state-of-the-art experience to clients," Hopkins added. "Ultimately, it is about providing the best advice to plan sponsors and their participants.”
Vestwell CEO Aaron Schumm noted that the tax credit expansion included in the recently passed SECURE 2.0 Act makes this a good time for firms to take advantage of solutions like the Complete 401(k).
“We designed the Vestwell platform to solve the major pain points advisors face, from the inside out," Schumm said in the statement. "The Carson Complete program provides advisors with a true partner on the provider side, enabling them to grow their retirement plan practices in a scalable, efficient manner.”
The "Crypto Mom" departure would leave the SEC commission with just two members and no Democratic commissioners on the panel.
IFP Securities’ owner, Bill Hamm, has a long-term plan for the firm and its 279 financial advisors.
Meanwhile, a Osaic and Envestnet ink a new adaptive wealthtech partnership to better support the firm's 10,000-plus advisors, and RIA-focused VastAdvisor unveils native integrations with leading CRMs.
A former Alabama investment advisor and ex-Kestra rep has been permanently barred and penalized after clients he promised to protect got caught in a $2.6 million fraud.
As more active strategies get packaged into the ETF wrapper, advisors and investors have to look beyond expense ratios as the benchmark for value.
Wellington explores how multi strategy hedge funds may enhance diversification
As technical expertise becomes increasingly commoditized, advisors who can integrate strategy, relationships, and specialized expertise into a cohesive client experience will define the next era of wealth management
