Vestwell, a digital retirement platform, announced today a strategic partnership with Allianz Life Ventures, part of Allianz Life Insurance Company of North America (Allianz Life), to offer its end-to-end retirement planning solution to Allianz Life’s extended network of advisors.
Vestwell enables financial advisors to more effectively service companies looking to launch or convert their 401(k) or 403(b) employee retirement programs. Allianz Life Ventures and affiliated businesses, entrenched in the independent broker dealer space, provide access to a strong network of top advisors who embrace modernization. Through this partnership, Vestwell will offer their technology services to more easily bring retirement plans to thousands of advisors across the Allianz Life network.
“Together, Vestwell and Allianz Life are redefining how the industry creates efficiencies around retirement program management,” said Aaron Schumm, Founder and CEO, Vestwell. “By leveraging Allianz Life’s advisor relationships and our unique value proposition, we can fulfill both of our promises to guide people towards a comfortable retirement.”
Through an open architecture investment solution, the partnership allows Allianz Life advisors to access a state of the art retirement platform and select retirement planning options that best suit client needs.
“Allianz Life Ventures is committed to identifying and working with the industry’s leading financial technology and services companies,” said Emily Reitan, Vice President of Business Development and Strategy, Allianz Life Ventures. “We are excited to bring Vestwell into the Allianz Life family and to work together to help bring additional innovation to the retirement industry.”
Together, Vestwell and Allianz Life are redefining how the industry creates efficiencies around retirement program management.
Aaron Schumm, Founder and CEO, Vestwell