VMS, Envestnet and United Retirement Announce Innovative Partnership to Align Retirement-Planning Industry with New Fiduciary Requirements
Pasadena, CA, April 18, 2016 — Vertical Management Systems Inc. (VMS), Envestnet | Retirement Solutions (ERS), a majority-owned subsidiary of Envestnet, Inc. (NYSE: ENV), and United Retirement Plan Consultants (URPC), announced today an innovative strategic partnership designed to help financial advisors, retirement plan sponsors and participants navigate new Department of Labor (DOL) conflict-of-interest regulations, and streamline their fiduciary, recordkeeping and compliance services on one scalable platform.
The seamless integration of these services on VMS's Retirement Revolution® platform provides a retirement-plan solution with choice, flexibility, complete transparency and cost-effective pricing. Further, it leverages the combined expertise of leading firms in the financial-services marketplace to offer optimal outcomes across the spectrum of retirement-plan needs – from plan design and set-up to full recordkeeping and administration, wrapped with fiduciary protection that specifically addresses the new DOL rules.