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Aaron Schumm unveils expanded Vestwell vision -- and M&A plan -- and hires Danya Dumbrill to detail it as a 'strategy' to 'lead the savings industry' -- a leap from the 'grueling affair' of recordkeeping micro 401(k) plans

The Vestwell CEO hired the ex-Goldman Sachs executive as 'chief strategy officer' but with a budget and mandate to start buying up and stitching together 'savings' companies.

Author Oisin Breen September 14, 2023 at 2:59 AM
1 Comment
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Danya Dumbrill: There’s an expansive opportunity for Vestwell to lead.
Brooke Southall and Keith Girard contributed to the editing of this article.

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Brian Murphy

Brian Murphy

September 25, 2023 — 6:01 AM
When a company needs to rethink it's direction, or expand its scope before getting to profitability with its primary business opportunity, they're on the long road to mediocrity. Happy to provide ideas to the team at Vestwell if of interest - but just selling new savings products into the existing client base isn't going to cut it.

Related Moves

October 14, 2021 at 8:58 PM

How Aaron Schumm got Goldman Sachs' brightest young star aboard; he jammed in a meeting for a friend and accepted an offer he couldn't refuse--$30 million

The Vestwell CEO gets Rana Yared, the 35 year-old Goldman partner, on his board as part of the $30-million round she made happen

July 2, 2019 at 11:20 PM

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