Vestwell's digital platform combines the best parts of automated investing with a human touch. In addition to allowing for automatic plan testing and enrollment of plan participants, and generating fully-compliant notices and agreements, the product suite includes investment services, trading, administration, custody, recordkeeping, and trustee services. Vestwell can also act as 3(38) and 3(16), taking on as much of the fiduciary responsibility as is allowable by ERISA and reducing legal liability related to retirement plan asset advisement. "Advisors are concerned about the U.S. Department of Labor's 'fiduciary' rule and want to reduce their risk of non-compliance. At Vestwell, we take on that risk on behalf of both advisors and plan sponsors, while also delivering a turnkey, time-saving solution that boosts efficiency to make offering retirement plan services good business again," said Aaron Schumm, CEO of Vestwell.

http://www.prnewswire.com/news-releases/vestwell-announces-debut-white-label-partnership-with-kovack-advisors-inc-300362659.html