Achieving Financial Stability In The Golden Years with Aaron Schumm

Saving money is something that should start early in life, but it's never too late to get started. Saving can be difficult at times, but there are ways to make it easier. 
In this episode, Jack talks to Aaron Schumm, Founder and CEO of Vestwell. Aaron brings nearly 20 years of fintech and finserv experience from industry-leading companies. He founded Vestwell in 2016 to close the American savings gap by modernizing the way individuals and small businesses save. Prior to Vestwell, Aaron co-founded FolioDynamix, which is now part of Envestnet.
Aaron talks with Jack about his approach to guiding people toward financial wellness, how Vestwell serves its clients, and how savers can step up their saving strategies.

Key Takeaways

[01:10] - How Vestwell serves its clients.

[02:16] - What sets Vestwell apart from other wealth management platforms. 

[04:27] - How Vestwell fits into Morgan Stanley's ecosystem.

[06:36] - Why the convergence of wealth management and retirement is becoming a trend.

[09:23] - How savers can step up their saving strategies.

[13:14] - The role Solium Capital plays at Morgan Stanley.

[15:04] - How Vestwell plays a role in the future of saving and wealth management.

[19:11] - Aaron's approach to guiding people toward financial wellness.

[20:17] - The evolution of Aaron's career in wealth management.

[23:01] - Aaron's three key takeaways.

Quotes
[15:27] - "Everyone needs to save. Especially in today's world, with expenses rising, cost of living rising, and not saving enough, you need to start stepping in early. And there's no better way to do that than starting in the workplace and then carrying beyond." - Aaron Schumm
[16:02] - "We have too many people that are just undersaved and we have to do something. And the private market isn't able to engage at the pace we want right now." - Aaron Schumm
[24:28] - "There's really cost-effective ways in designing savings plans that aren't expensive and there's a lot of tax credits and whatnot. I think it's really a responsibility for everyone to start and make sure that they're setting themselves up and their employees' success in the future." - Aaron Schumm

Links 

Aaron Schumm on LinkedIn

Vestwell

Empower Retirement

JP Morgan

Great-West Investments

Fidelity Investments

Prudential Financial

Morgan Stanley

Solium Capital (now Shareworks by Morgan Stanley)

Northern Trust

InvestCloud

FolioDynamix

Envestnet

Connect with our hosts

LifeYield

Jack Sharry on LinkedIn

Jack Sharry on Twitter

Subscribe and stay in touch

Apple Podcasts

Spotify

LinkedIn

Twitter

Facebook

Saving money is something that should start early in life, but it's never too late to get started. Saving can be difficult at times, but there are ways to make it easier. 

In this episode, Jack talks to Aaron Schumm, Founder and CEO of Vestwell. Aaron brings nearly 20 years of fintech and finserv experience from industry-leading companies. He founded Vestwell in 2016 to close the American savings gap by modernizing the way individuals and small businesses save. Prior to Vestwell, Aaron co-founded FolioDynamix, which is now part of Envestnet.

Aaron talks with Jack about his approach to guiding people toward financial wellness, how Vestwell serves its clients, and how savers can step up their saving strategies.

Key Takeaways

[01:10] - How Vestwell serves its clients.
[02:16] - What sets Vestwell apart from other wealth management platforms. 
[04:27] - How Vestwell fits into Morgan Stanley's ecosystem.
[06:36] - Why the convergence of wealth management and retirement is becoming a trend.
[09:23] - How savers can step up their saving strategies.
[13:14] - The role Solium Capital plays at Morgan Stanley.
[15:04] - How Vestwell plays a role in the future of saving and wealth management.
[19:11] - Aaron's approach to guiding people toward financial wellness.
[20:17] - The evolution of Aaron's career in wealth management.
[23:01] - Aaron's three key takeaways.

Quotes

[15:27] - "Everyone needs to save. Especially in today's world, with expenses rising, cost of living rising, and not saving enough, you need to start stepping in early. And there's no better way to do that than starting in the workplace and then carrying beyond." - Aaron Schumm

[16:02] - "We have too many people that are just undersaved and we have to do something. And the private market isn't able to engage at the pace we want right now." - Aaron Schumm

[24:28] - "There's really cost-effective ways in designing savings plans that aren't expensive and there's a lot of tax credits and whatnot. I think it's really a responsibility for everyone to start and make sure that they're setting themselves up and their employees' success in the future." - Aaron Schumm

Links 

Aaron Schumm on LinkedIn
Vestwell
Empower Retirement
JP Morgan
Great-West Investments
Fidelity Investments
Prudential Financial
Morgan Stanley
Solium Capital (now Shareworks by Morgan Stanley)
Northern Trust
InvestCloud
FolioDynamix
Envestnet

Connect with our hosts

LifeYield
Jack Sharry on LinkedIn
Jack Sharry on Twitter

Subscribe and stay in touch

Apple Podcasts
Spotify
LinkedIn
Twitter
Facebook