About
Aaron is the founder and CEO of Vestwell, the modern engine powering savings and…
Articles by Aaron
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Why Does the Plaid Acquisition by Visa Matter?
Why Does the Plaid Acquisition by Visa Matter?
By Aaron Schumm
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3 Top Tips for Advisors to Turbocharge Retirement Plan Enrollment
3 Top Tips for Advisors to Turbocharge Retirement Plan Enrollment
By Aaron Schumm
Activity
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I recently sat down with Alex Ortolani from PLANADVISER to discuss the impact of state savings programs on closing the nation’s savings gap. New…
I recently sat down with Alex Ortolani from PLANADVISER to discuss the impact of state savings programs on closing the nation’s savings gap. New…
Shared by Aaron Schumm
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Congrats to the BANYAN and Bilt Rewards teams on their partnership to power SKU-level payments. This is a seminal moment in the payments space, as…
Congrats to the BANYAN and Bilt Rewards teams on their partnership to power SKU-level payments. This is a seminal moment in the payments space, as…
Liked by Aaron Schumm
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Proud to announce that I recently completed my Financial Analyst summer internship at Vestwell! It was an amazing and rewarding experience that…
Proud to announce that I recently completed my Financial Analyst summer internship at Vestwell! It was an amazing and rewarding experience that…
Liked by Aaron Schumm
Experience
Education
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Duke University - The Fuqua School of Business
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Concentration in entrepreneurship, marketing, international business, and business analysis, as to work towards creating new ventures aimed at creating safer, easier decision making.
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Volunteer Experience
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Volunteer
Stoked Mentoring Inc. (STOKED)
- Present 15 years 8 months
Children
Amazing organization, founded by Steve Larosiliere, focused on promoting personal development, academic achievement, and healthy living to under-served youth through action sports culture.
Publications
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Wealth Management Technology Consolidation on the Upswing
FolioDynamix & Celent
Last week, Celent released new research highlighting the growth in managed accounts and the challenges it poses. One of the biggest challenges remains the need to gain a holistic view of each client, regardless of the number or types of accounts – SMA, UMA, MFW, rep-as-portfolio manager, discretionary, non-discretionary, self-service, etc. – they have in their portfolios. One of the most effective ways firms are addressing this challenge is through wealth management technology platform…
Last week, Celent released new research highlighting the growth in managed accounts and the challenges it poses. One of the biggest challenges remains the need to gain a holistic view of each client, regardless of the number or types of accounts – SMA, UMA, MFW, rep-as-portfolio manager, discretionary, non-discretionary, self-service, etc. – they have in their portfolios. One of the most effective ways firms are addressing this challenge is through wealth management technology platform consolidation, which also has the benefit of improving advisor efficiency.
What does that mean? According to Celent, a single wealth management technology infrastructure platform supports “wealth management operations and processes across the front, middle and back offices within a single workflow and infrastructure…and provides channel management and administrative functionality that enables a unified experience for the home office, advisors and investors.” -
Celent offers insights on efficiency gains from wealth management platforms
FolioDynamix
The business case for moving to a unified wealth management platform continues to strengthen – with some of FolioDynamix clients being premiere case studies for the value that integrated wealth management technology and a single view of the client across all types of managed accounts can deliver. - See more at: http://www.foliodynamix.com/2013/07/30/celent-offers-insights-on-efficiency-gains-from-wealth-management-platforms/#more-1680
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Modernizing client portfolio management with UMH
www.foliodynamix.com
In an age of unlimited access to information clients are looking for complete visibility, better controls and a differentiated experience. To achieve this, advisors need the ability to holistically look at all of the household accounts in a client’s portfolio.
Designed to help wealth management firms grow their business and improve customer service, FolioDynamix recently announced expanded capabilities for unified managed household (UMH) account onboarding and management. Built on its…In an age of unlimited access to information clients are looking for complete visibility, better controls and a differentiated experience. To achieve this, advisors need the ability to holistically look at all of the household accounts in a client’s portfolio.
Designed to help wealth management firms grow their business and improve customer service, FolioDynamix recently announced expanded capabilities for unified managed household (UMH) account onboarding and management. Built on its FDx SingleSight platform, FolioDynamix’ UMH capabilities allow for both extended visibility and the ability to manage all client accounts from a single enterprise platform.
Honors & Awards
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InvestmentNews 40 Under 40
Craines, InvestmentNews
http://www.investmentnews.com/section/40-under-40/2017/profile/11/Aaron-Schumm
InvestmentNews named Aaron Schumm, Founder and CEO of Vestwell, as one of its 2017 40 Under 40. Based on accomplishments to date, contributions to the financial advisory industry, leadership and promise, Schumm was chosen from more than 800 nominations.
More activity by Aaron
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Spotted across the Atlantic 👀 Big thanks to our friends at the NYSE!
Spotted across the Atlantic 👀 Big thanks to our friends at the NYSE!
Liked by Aaron Schumm
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Raise your had if you love Kestra Financial's Annual Strategic Partners Forum! 🙋 This is the 5th edition of my annual selfie with this great group…
Raise your had if you love Kestra Financial's Annual Strategic Partners Forum! 🙋 This is the 5th edition of my annual selfie with this great group…
Liked by Aaron Schumm
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Keep your primary custodian. We’ll grow your clients’ cash with 5.10% APY.
Keep your primary custodian. We’ll grow your clients’ cash with 5.10% APY.
Liked by Aaron Schumm
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