The new relationship played a role in Vestwell's recently released advisor managed account offering with Franklin Templeton. Together, they are rolling out an innovative, goals-based offering using Franklin Templeton's Goals Optimization Engine. "As workplace investor expectations evolve, it's vital to deliver participants the types of personalized solutions they've become accustomed to in all other aspects of their lives," said Ben Thomason, EVP of Revenue at Vestwell. "Working with Bambu and Franklin Templeton has made it possible to create a seamlessly data-integrated, low-friction, bespoke managed account experience at a reasonable price." Bambu has developed a Wealthtech API proven to provide the information investors need to maximize success for achieving their retirement savings goals. The retirement API has features to cater to US retirees' needs, which considers Social Security Benefits (SSB), tax, and retirement goals. The investing platform starts with the user's current status in terms of savings amount and lifestyle needs. Then, the proprietary engine presents investors with an overview of various options, including investment strategies that may be appropriate based on their answers to a targeted risk tolerance questionnaire.

https://www.vestwell.com/blog/vestwell-partners-with-wealthtech-api-provider-bambu-to-expand-investment-advice-in-retirement