Vestwell has announced a new partnership with Carson Group to add a small to medium-sized business (SMB) component to the new Carson Complete 401(k) offering.
The Carson Complete 401(k) allows advisors to scale their SMB retirement plan practices.
“We are thrilled to launch Carson Complete 401(k) and partner with a leader in the advisor-sold small plan market,” said Jamie Hopkins, managing partner of wealth solutions for Carson Group. “We are committed to enhancing our industry-leading advisory offerings and provide advisors with the best solutions in the market to help ensure they’re set up for success.”
“We believe Carson Complete 401(k) will be a key addition to our retirement offerings,” Hopkins added. “Like our retirement specialists’ program, this partnership provides advisors with the tools they need to rapidly grow their retirement plan practices, while delivering a state-of-the-art experience to clients. Ultimately, it is about providing the best advice to plan sponsors and their participants.”
The Carson Complete 401(k) offering includes back-office and data integrations and a home office 3(38) solution, according to a new release by the two entities. The program also includes several Vestwell features such as payroll integrations, 3(16) services and streamlined onboarding and enrollment.
“We are honored to be selected as the provider for the Carson Complete 401(k) offering and partnering with such a well-respected advisory firm,” said Aaron Schumm CEO and founder of Vestwell. “We designed the Vestwell platform to solve the major pain points advisors face, from the inside out. The Carson Complete program provides advisors with a true partner on the provider side, enabling them to grow their retirement plan practices in a scalable, efficient manner.”
“With significant tax credit expansion offered to small businesses through the SECURE Act, along with affordable fintech solutions driving down the costs for advisors, now is the time to take advantage of this market opportunity,” added Schumm.
SEE ALSO:
- Vestwell CEO Aaron Schumm on Who Owns the Participant and What’s Next for Recordkeeping
- The Most Impactful SECURE 2.0 Provision—and the Big Problem With It: The Carson Group’s Jamie P. Hopkins
Amanda Umpierrez is the Managing Editor of 401(k) Specialist magazine. She is a financial services reporter with over six years of experience and a passion for telling stories and reporting news. Amanda received her degree in journalism and government and politics at St. John’s University. She is originally from Queens, New York, but now resides in Denver, Colorado with her partner. In her free time, Amanda enjoys running, cooking, and watching the latest drama show.
