Portfolio company Vestwell has announced a new hire in the form of Paul Newmann as Vice President of Sales. In this role, Newmann is responsible for implementing business development strategies and goals with financial advisors. In addition, Newmann is tasked with defining sales processes that drive desired sales outcomes as well as identifying improvements where and when required.
"I am thrilled to be a part of Vestwell's mission to provide affordable retirement products to America's workforce," said Newmann. "Vestwell's hyper-growth traction with advisors and their plan sponsor clients is a testament to the long-delayed innovation the retirement industry has needed. Having centered my career around working with advisors and their plan sponsor clients, it's exciting to be part of a team that is revolutionizing the advisor-driven financial services industry." Prior to joining Vestwell, Newmann served as the head of advisor and channel distribution for the Betterment for Business retirement platform. In this position, he sourced new business for the company's retirement plan products and oversaw strategic sales operations.