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Think Advisor chronicles different fintech companies breaking into the retirement space, including portfolio company Vestwell. CEO Aaron Schumm gives his thoughts on how technology should play a roll in the sector going forward.
With so many moving parts to bring together to ensure optimal retirement plan performance and monitoring on both the design and investment fronts, Aaron Schumm, CEO of Vestwell, is of the opinion that having one port of call to do everything makes the most sense. He believes that allowing an advisor to have total fiduciary responsibility for a retirement plan is optimal in today's world, and also allows for the best use of technology. Shifting the fiduciary burden to an advisor from a plan sponsor via technology allows the advisor to provide an additional level of service that is beneficial to all, he said, and makes for better designed, efficient and inclusive plans.
