Vestwell Advisors provides investment advice to retirement plans and their sponsors, assisting them in selecting investment options for plan participants. Through the Vestwell Platform, participants can choose investments based on risk tolerance, age, or a core lineup of low-cost ETFs and mutual funds. Vestwell Advisors also manages individual retirement accounts (IRAs) for former plan participants, offering a default FDIC-insured cash account and a range of other investment options. Vestwell Advisors does not provide personalized investment advice directly to plan participants.
Fee Structure
Vestwell Advisors provides investment advice for IRAs, charging fees based on the following:
- Administrative Service Fees (paid to Vestwell Holdings and its service providers):
- Asset-based: 0.10% - 0.30%
- Fixed fee: $80.00 to $0.00
- Investment Services Fees (paid to Vestwell Advisors for curating the list of funds): 0.10% to 0.38%
For IRA holders invested in the FDIC Cash Deposit Account, Vestwell Trust Company, an affiliate of Vestwell Holdings will receive compensation with respect to account holdings, including a portion of interest earned on an IRA Holder’s funds held in an FDIC-insured bank account.