Vestwell Advisors provides portfolio management for individuals and small businesses.
Vestwell Advisors reports 83,310 clients. They include 81,310 individuals and 2,000 pension and profit-sharing plans. Of its assets, 0.0% ($0 across 0 accounts) are managed with discretion; $1.03B across 83,310 accounts are not.
| Client type | Clients | Assets |
|---|---|---|
| Individuals (other than HNW) | 98% | 34% |
| Pension and profit-sharing plans | 2% | 66% |
| Other investment advisers | Fewer than 5 | 0% |
Client shares use reported counts. Client types without a reported count are excluded from that total.
Client breakdown and activity details
| Client type | Clients | Regulatory AUM | AUM share | Avg. per client |
|---|---|---|---|---|
| Individuals (other than HNW) | 81,310 | $344M | 33.6% | $4.23K |
| Pension and profit-sharing plans | 2,000 | $682M | 66.4% | $341K |
| Other investment advisers | Fewer than 5 | $0 | 0.0% | — |
| Total | 83,310 | $1.03B | 100% | — |
- Clients
- 81,310
- Regulatory AUM
- $344M
- AUM share
- 33.6%
- Avg. per client
- $4.23K
- Clients
- 2,000
- Regulatory AUM
- $682M
- AUM share
- 66.4%
- Avg. per client
- $341K
- Clients
- Fewer than 5
- Regulatory AUM
- $0
- AUM share
- 0.0%
- Avg. per client
- —
Total
- Clients
- 83,310
- Regulatory AUM
- $1.03B
- AUM share
- 100%
- Avg. per client
- —
- Clients outside the U.S.
- 0%
- Clients advised without assets under management last fiscal year
- 0
- Private funds advised
- 0
- Financial planning clients last fiscal year
- 0
Vestwell Advisors is paid through a percentage of assets under management and fixed fees (other than subscription fees); its fees and minimums are set out in its brochures on the SEC website.
Vestwell Holdings Inc. owns 75% or more of Vestwell Advisors and is in turn owned by Aaron Schumm (25–50%). The leadership team of Vestwell Advisors includes President Richard Tatum and Chief Compliance Officer Allison Brecher. It has 30 employees.
Staff
- 30 employees
- 30 in advisory functions
- 7 state-registered reps
- 5 broker-dealer reps
- Owns 75% or more of Vestwell Advisors LLC
Vestwell Holdings Inc.
Control person · since April 2016
- Owns 25% to 50% of Vestwell Holdings Inc.
Aaron Schumm
Control person · since February 2016
Vestwell Advisors’ regulatory assets grew 7.2× from $142M (March 2021) to $1.03B (July 2026); clients rose from 271 to 83,310 and employees fell from 87 to 30.
Figures from each annual filing
| Filed | Regulatory AUM | Clients | StaffEmployees | Offices |
|---|---|---|---|---|
| Jul 2026July 2026 | $1.03B | 83,310 | 30 | 1 |
| Mar 2025March 2025 | $427M | 7,946 | 23 | 1 |
| May 2024May 2024 | $280M | 8,044 | 386 | 1 |
| May 2023May 2023 | $179M | 731 | 300 | 1 |
| May 2022May 2022 | $179M | 306 | 243 | 1 |
| Mar 2021March 2021 | $142M | 271 | 87 | 1 |
Besides its headquarters, Vestwell Advisors has 0 offices, with 1 listed address in 1 state.
New York · 1 listed address
- 360 Madison Avenue, 15th Floor, New YorkHQ
Contact and registration details
- Legal name
- Vestwell Advisors LLC
- Headquarters
- 360 Madison Avenue, 15th Floor, New York, NY 10017
- Website
- vestwell.com
- Phone
- 917-979-5358
- View profile
- SEC file
- 801-107981
- Structure
- Delaware LLC
- Fiscal year end
- December
Vestwell Advisors’ named custodian for separately managed accounts is Broadridge Business Process Outsourcing ($179M). Vestwell Advisors does not have custody of client assets.
- Broadridge Business Process OutsourcingBroadridge Business Process Outsourcing, LLC · Denver, CO · $179M100%
At year end, Vestwell Advisors’ separately managed accounts were mostly in funds (100%). Its reported 13F holdings for the quarter ended 30 June 2026 total $418M across 26 positions; the largest are iShares Tr (60.0%), Schwab Strategic Tr (10.8%) and iShares Tr (7.9%).
What the accounts hold
- Funds100%
How many clients does Vestwell Advisors have?
Vestwell Advisors has 83,310 clients and manages $1.03 billion for them, as of July 2026. They include 81,310 individuals and 2,000 pension and profit-sharing plans.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 15 July 2026
What services does Vestwell Advisors offer?
Vestwell Advisors provides portfolio management for individuals and small businesses.
Source: Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file
Which custodians does Vestwell Advisors use?
Vestwell Advisors’ separately managed account assets are held at Broadridge Business Process Outsourcing, LLC (Denver, CO), with $179M. Only custodians holding at least a tenth of those assets are named.
Source: Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 15 July 2026
How many financial advisors does Vestwell Advisors have?
Vestwell Advisors has 7 investment adviser representatives registered with state securities authorities, out of 30 employees, and 30 perform investment advisory functions. 5 employees are registered representatives of a broker-dealer and 0 employees are licensed insurance agents.
Source: Form ADV Part 1A, Items 5.A and 5.B, from the SEC's 2 October 2026 data file
What does Vestwell Advisors invest in?
At the end of its last fiscal year, Vestwell Advisors’ separately managed accounts held 100% registered funds (mutual funds, ETFs, BDCs).
Source: Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file
Who owns Vestwell Advisors?
Vestwell Advisors is owned through a holding company by Aaron Schumm. Its direct owner is Vestwell Holdings Inc. (75% or more).
Source: Form ADV Part 1A, Schedules A and B, filed 15 July 2026
How does Vestwell Advisors get paid?
Vestwell Advisors is paid through a percentage of assets under management and fixed fees. Its Form ADV lists no commissions or performance-based fees among how it is paid.
Source: Form ADV Part 1A, Item 5.E, from the SEC's 2 October 2026 data file
How do I contact Vestwell Advisors?
Vestwell Advisors’ main office is at 360 Madison Avenue, 15th Floor, New York, NY 10017. Its phone number is 917-979-5358. Its website is vestwell.com.