"Most recently, we've opened up our service for other TPAs to leverage ... [where] Vestwell runs their business for their client, but the TPA still does the plan design, onboarding, and compliance testing," he explains. "The TPA runs their book of business on Vestwell, versus on legacy [software]." Five TPAs now use Vestwell to run their services. RIABiz contacted Dresher Pa.-based 401(k) TPA mega roll-up Ascensus, and its would-be cross-state Philadelphia rival Professional Capital Services (PCS), for comment on the significance of Vestwell's advance into their market.

https://riabiz.com/a/2019/4/5/aaron-schumm-is-in-the-catbird-seat-after-the-biggest-cat-in-the-wall-street-jungle-goldman-sachs-validates-vestwell-by-taking-a-big-bite-of-a-new-30-million-funding-round