Aaron Schumm

Founder, CEO

2016

Vestwell is the engine of the modern-day workplace and individual savings programs, such as 401(k), 403(b) plans, IRA, 529 College, and ABLE Savings programs. Our cloud-based platform provides the underlying architecture to enable anyone to provide access to the workplace and individual savings opportunities across financial institutions, state-sponsored savings initiatives, payroll companies, and fintech firms. Our mission is to provide a unified savings platform that closes the savings gap and delivers the elevated experience every saver deserves. Learn more at http://www.vestwell.com and on Twitter @Vestwell.

Strategic Advisor

2020

Employers are beginning to recognize the financial challenges that people of color face—but are struggling to serve their needs. The relatively poor financial health of employees of color drives higher healthcare costs, delayed retirement, higher turnover and absenteeism, and lower satisfaction and productivity. OfColor provides these employers with desktop and mobile financial wellness solutions and content that utilize the best available research on how employees of color save, spend, and build legacies differently.

Advisor/Investor (acquired by FMG Suite)

2015 - 2022

Vestorly is a next-generation digital content management and audience analytics tool for the financial services industry. Vestorly centralizes your access to any digital content, improves your communications workflow, and uncovers data on your readers’ identity and behavior. Vestorly enables you to personally engage your audience at scale with digital content across multiple channels while saving time, remaining compliant, and measuring immediate results. Vestorly was built by Vestorlabs, a technology platform reinventing the fundamental management and analytics of digital content. We engineered cloud-based browser technology to simplify and improve workflows with data science and uncover the fundamental units of data on audiences interacting with digital content.

Board Of Directors

2018 - 2019

Advisory Board Member (acquired by Plaid)

2015 - 2018

Quovo is an enterprise-grade data science platform offering applications and services for financial advisors, institutions, and fintech companies to more intelligently aggregate and analyze financial account data.

Co-Founder, Chief Customer Officer (acquired by Envestnet)

2007 - 2015

Bringing innovation, insight and agility to the wealth management and investment advisor communities, FolioDynamix offers the most comprehensive web-based technology platform for managing the full wealth advisory lifecycle – including proposal and onboarding, research, model management, portfolio accounting, trade order management, operations, reporting, and performance analytics – across all account types. Unlike other wealth management technology platforms, FDx SingleSight is completely developed, hosted and supported by FolioDynamix – eliminating silos and empowering advisors with a single platform to manage all customer accounts. The platform provides broker dealers, banks, custodians and service providers with leading-edge technology to attract and retain top advisors, accelerate client acquisition and gain end-to-end visibility into all assets under management for improved efficiency, better compliance, and enhanced client service. Visit www.foliodynamix.com.

Vice President of Product Marketing

2007 - 2007

A wealth management and outsourcing group, focused on finding new markets to enter through inventive offerings • Designed a full-serviced market-leading wealth management platform focused on providing outsourced solutions to banks and broker-dealers, providing a strategy for market penetration and growth • Co-headed Citigroup’s international wealth management strategy, providing recommendations and guidance for entering 12 identified countries • Evaluated over 50 potential partnership firms, determining suitability for Citigroup strategic focus • Identified and evaluated two firms for strategic acquisition • Oversaw an annual budget of over $1 million to be applied towards the architectural integration of partner platforms to strengthen the Citigroup platform offering • Presented at industry focused conferences to provide insight into the wealth management market trends • Developed wealth management platform pricing models for servicing Citigroup clients • Directed the most highly regarded wealth management institution, the Money Management Institute (MMI), on potential areas of standardization for the managed accounts industry • Wrote industry white-papers, website content, and ad campaigns for business marketing plans

Marketing/Business Development/Sales

2006 - 2006

Financial software solution provider focused on creating operational efficiencies for hedge funds • Worked with investment managers, hedge funds, and broker/dealers to assist in automating back-office operations, increasing reconciliation efficiencies by an average of 50% • Assessed prospective clients’ current processes and provided back-office operations solutions to eliminate exposure risk • Assisted in growing the Electra client base to include 32% of the top 50 investment managers and 26% of the top 150 (Institutional Investor) • Identified prospective client opportunities for process improvement, generating over $350,000 in revenue in less than 6-months

Product Manager

2002 - 2006

A technology provider to the bank, broker-dealer and investment management industry • Led a team to design and implement enhancements to the Multiple Strategy Portfolio (MSP) financial software solution, company's largest, most complex, and fastest growing product • Created a financial software product, attaining nearly 70% market share in an $80 billion unified managed accounts industry • Grew the account base to over $54 billion in assets under management held in 90,000 accounts, exceeding an annual goal of growing the number of accounts by 100% year over year • Generated over $4 million annual ROI for CheckFree Investment Services through product expansion to a larger client base

Head Equity Research Analyst

2002 - 2004

Financial advisory firm • Worked with a small start-up investment firm to provide industry insight, conducting analytical equity research, and presenting findings to brokers • Averaged an annual return of 28%, identifying undervalued firms and providing recommendations to clients