Vestwell's founder and CEO, Aaron Schumm, started the company in 2016 after he experienced the pains of starting a retirement plan for his company. Since then, Vestwell has revolutionized the industry and proudly enables over 580,000 businesses and 35 state-sponsored auto-IRA, college savings, and ABLE programs, powering more than 2.1 million individual savers nationwide, as of March 31, 2026. Our partnerships extend across large broker-dealers, wirehouses, aggregators, RIAs, and payroll providers seeking to enhance their product ecosystems through single-employer, DCGs, PEPs, MEPs, and MEAP offerings. Vestwell was built to set up and support custom-built solutions based on our customers’ needs, allowing our partners to own the experience and the client relationship by controlling branding, investment philosophies, and plan and participant-level data.
In July 2023, Vestwell acquired Gradifi, a suite of financial wellness solutions, enabling employers to provide employees with student loan and college savings benefits and education. We aim to empower employees to achieve their goals by guiding them from where they are today to where they want to be in the future. Our financial wellness suite includes:
Student Loan PayDown
Student Loan PayDown helps employees pay down their student loan debt faster through direct employer contributions toward their student loans so they can focus on their next financial goal.
College SaveUp
College SaveUp provides employer contributions that employees can put toward their loved one’s education.
FinancialCore
FinancialCore gets to the root of employees’ financial goals and provides access to both the Learning Center and the Student Loan Refinancing Marketplace. These tools are designed to improve employees’ financial literacy and boost their confidence when making financial decisions.
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