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Through this collaboration, advisors at Savvy's RIA affiliate, Savvy Advisors, can now offer expanded support for business-owning clients by managing their company 401(k) plans and serving as the 3(38) plan advisors and investment manager. Savvy expects plan sizes to range from $2m to $15m, enabling the firm’s advisors to provide plan advisory services to an underserved market of small business owners.
“Vestwell’s technology-first approach to 401(k) management aligns perfectly with Savvy’s commitment to providing a modern experience across all facets of clients’ financial lives,” said Brian Boswell, CFP®, financial advisor at Savvy Advisors. “When I was first introduced to Vestwell’s services years ago, I was immediately impressed by how easy it was to support my clients in managing their business retirement plans. The platform gives our clients peace of mind by helping them better understand and customize benefits for their employees.”
