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Portfolio company Vestwell, the digital retirement plan recordkeeper, announced the launch of a service offering all-ETF target-date portfolios for the small plan market with ETFs from Franklin Templeton, State Street, and Fidelity.
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“The small plan market is fraught with inefficiencies, so we’re always looking for innovative strategies to more effectively service it in a tech-forward, cost-effective way,” says Ben Thomason, executive vice president of revenue at Vestwell, in released comments. “With no revenue sharing, intra-day trading, low-cost yet highly effective funds, all built into a modern-day solution, we’re excited to bring ETFVest to market alongside some of the industry’s best advisory and asset management complexes.”
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