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.”
RIA aggregator adds $4.8 billion in client assets across seven states as demand grows for alternatives to traditional succession models.
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
Shareholder targets FS KKR Capital's directors over alleged portfolio valuation and dividend missteps.
UBS has a history of costly litigation stemming from the sale of volatile investment products.
New director David Woodcock puts firms on notice over fees, conflicts, and liquidity risk as private credit shows signs of stress.
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
Growth may get the headlines, but in my experience, longevity is earned through structure, culture, and discipline
