Vestwell adding first managed account option to its 401(k) business
The managed-account service will stand out in the marketplace because it will be embedded in Vestwell’s technology, rather than located away from a record keeper and within an investment manager’s system, a detail that will help the firm compete on cost
January 6, 2021 2 MINS
Vestwell is preparing the first managed-account option for its digital 401(k) record-keeping service, a product that uses Franklin Templeton’s Goals Optimization Engine, the companies announced Wednesday.
The forthcoming managed-account service, which is designed to be available as a default investment option, will compete aggressively on cost, Vestwell CEO Aaron Schumm said.