Goldman Sachs’ Rana Yared and industry veteran Lori Hardwick join the board following Vestwell’s $30 million series B

NEW YORK, NY, July 2, 2019 – Vestwell, a digital retirement platform, announced the appointment of two new members to the company’s Board of Directors, Rana Yared, Partner and Managing Director of Goldman Sachs, and Lori Hardwick, CEO of Wealth Tech at RedRock Strategic Partners and Chairman of Riskalyze. The two executives join Vestwell’s board on the back of the company’s recent $30 million Series B funding round, which will be used to fuel innovation and scale the company’s retirement technology platform.

“We’re very excited to have Rana and Lori join our Board to lend their expertise in financial services and technology and help guide our next phase of growth,” said Aaron Schumm, Co-Founder and CEO of Vestwell. “Rana is a clear visionary with deep insight into how fintech companies can successfully navigate and disrupt traditional financial services, while Lori is a renowned and dynamic industry executive with decades of experience leveraging technologies to scale platform businesses at pivotal junctures. Their contributions will certainly help make our future vision a reality.”

“I was drawn to Vestwell because it has developed a modern and intuitive interface that empowers advisors to more efficiently manage customized retirement plans,” said Yared. “I’m looking forward to working alongside the team to continue reimagining retirement through technology.”

Rana Yared joins the Board of Directors as a representative from Goldman Sachs, which led Vestwell’s Series B funding round in April 2019. At Goldman, Yared plays a leading role in the company’s financial technology investment arm and helps lead the commercialization of the bank’s technologies. She was recently named one of Goldman Sachs’ “Most Powerful Women” and has been recognized by Fortune’s 40 Under 40 list.

“Vestwell is filling an important gap that has prevented so many retirement advisors from not only scaling their businesses, but also improving their client experience,” said Hardwick. “I’m thrilled to join the board to help fuel a much needed transformation in how retirement plans are administered, managed, and experienced by all stakeholders.”

Lori Hardwick is a renowned industry veteran, with specific expertise in investment, technology, and advisory solutions. In addition to her current position, Hardwick serves as a member of the Board of Directors for AI Labs, a company she co-founded in 2017. Previously, she was one of the original partners at Envestnet, as well as Chief Operating Officer of Pershing. Hardwick has been named to the “Women to Watch” list by InvestmentNews, listed as one of the “50 Most Influential Women in Private Wealth” by Private Asset Management magazine, and included in Investment Advisor’s 25 list, among other accolades.

About Vestwell Holdings, Inc.

Vestwell is a digital platform that makes it easier to offer and administer retirement plans. Vestwell removes traditional friction points through flexible investment strategies, fiduciary oversight, and streamlined administration, all at competitive pricing. By acting as a single point of contact, Vestwell has modernized the retirement offering while keeping the advisor’s, employer’s, and plan participant’s best interests in mind. Learn more at Vestwell.com and on Twitter @Vestwell.

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