Retirement plan setup and administration, fiduciary oversight, investment management, participant engagement tools, and compliance monitoring.
Specialized software for modeling retirement scenarios, calculating required savings rates, projecting retirement income needs, and analyzing Social Security optimization strategies.
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Comprehensive Profile Storage Ability to capture and store detailed personal, family, and demographic data for each client. |
Vestwell Advisor Platform is designed for retirement plan setup and management, which requires capturing and storing detailed client and plan participant data. | |
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Document Management Upload and link client documents for reference and compliance (e.g., tax returns, Social Security statements). |
Document management is indicated by compliance monitoring and fiduciary oversight claims; retirement plan platforms typically store plan documents (e.g., plan docs, compliance files). | |
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Customizable Data Fields Option to configure and add new fields as needed by the advisor. |
No information available | |
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Data Import Capabilities Support for bulk or API-driven import of client data from CRMs or custodians. |
Data import capabilities are standard in advisor/retirement platforms for onboarding clients and plans, as suggested by Vestwell's integration/administration focus. | |
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Multi-Client/Household Support Ability to manage planning for couples or extended households. |
Multi-client/household support can be inferred as necessary for advisors managing employer-sponsored plans (multiple plan participants and family structures). | |
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Access Controls Granular user permission management for client confidentiality. |
Access controls are a baseline need for platforms dealing with confidential plan/participant data and are referenced broadly in industry compliance standards and fiduciary language on the site. | |
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Audit Trails Track and log changes to client data for compliance. |
Audit trails are required for compliance monitoring and fiduciary oversight in retirement plan administration (as promoted by Vestwell). | |
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Data Encryption Secure encryption for data at rest and in transit. |
Data encryption is standard for secure financial platforms and is implied by their compliance and fiduciary claims. | |
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Data Backup Frequency How often the client data is backed up. |
No information available | |
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Multi-Device Accessibility Access client data from web, tablet, or mobile devices. |
Vestwell provides web platform access for advisors and plan sponsors; mobile/tablet accessibility is marketed for plan participants. |
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Goal-Based Planning Set and track retirement lifestyle goals. |
Not as far as we are aware.* Goal-based lifestyle planning is not a core focus of 401(k)/retirement plan admin platforms like Vestwell; they focus on plan features rather than individual post-retirement goal modeling. | |
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Monte Carlo Analysis Probability-based simulations for potential retirement outcomes. |
No information available | |
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Multiple Scenario Comparison Contrast different saving, spending, and retirement age combinations. |
No information available | |
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Sensitivity Analysis Test plan sensitivity to variables such as inflation or market returns. |
No information available | |
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What-If Calculators Interactive tools for instant scenario changes (e.g., early retirement). |
No information available | |
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Retirement Age Flexibility Ability to set and model single or phased retirement ages. |
No information available | |
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Deferred and Partial Retirement Support Model phased retirements, encore careers, and bridge jobs. |
No information available | |
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Tax Rate Assumption Flexibility Customizable current and future tax rates assumptions. |
No information available | |
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Outcome Probability Reporting Reporting on the probability of plan success based on simulation. |
No information available | |
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Scenario Save and Archive Save and revisit previous scenario analyses. |
No information available |
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Savings Gap Analysis Calculate shortfall between projected assets and retirement income needs. |
Savings gap analysis is a key feature for plan advisors to illustrate the need for increased contributions and is referenced in plan health features. | |
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Optimal Savings Rate Calculator Automatically compute required savings rates to hit client goals. |
Optimal savings rate calculators are standard components of advisor platforms to recommend savings targets for participants, as found in participant engagement and savings tools sections. | |
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Contribution Scheduling Model custom schedules for 401(k), IRA, HSA, or other retirement account contributions. |
Contribution scheduling is defined by the required management of 401(k), IRA, and HSA contribution flows through the platform. | |
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Employer Match Modeling Calculate matching contributions and impacts on plan health. |
Employer match modeling is called out in plan design and participant communication tools (matching contribution calculators, projection tools). | |
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Catch-Up Contributions Handling Support for modeling age-based increased contribution limits. |
Catch-up contributions are a legal requirement for retirement plan admins and are mentioned in features for age 50+ participants. | |
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Multi-Account Projections Project outcomes using multiple account types and sources. |
Multi-account projections are available when participants hold multiple types of accounts (pre-tax, Roth, after-tax, etc.), as stated in plan reports and projections. | |
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Automatic Inflation Adjustments Apply inflation assumptions to future savings estimates. |
Inflation adjustments are provided for future projections, commonly included in participant statements and modeling. | |
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Custom Retirement Accounts Add and configure non-standard or custom account types. |
Custom account setup for additional employer/employee accounts is part of plan configuration, as found in customization docs/marketing. | |
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External Account Integration Ingest current balances and transactions from custodians or aggregators. |
External account integration is indicated by support for account aggregation and data feeds from custodians and recordkeepers. | |
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Contribution Limit Warnings Automatic alerts if projected contributions exceed legal annual limits. |
Contribution limit warnings are a legal compliance feature to prevent over-contributions, usually handled by the platform. |
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Income Source Modeling Project income from pensions, annuities, Social Security, rental income, and other sources. |
Income source modeling is addressed in plan participant portals that show Social Security, pensions, and other retirement income. | |
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Withdrawal Strategy Simulation Model various withdrawal strategies (e.g., 4% rule, bucket, dynamic withdrawals). |
No information available | |
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Required Minimum Distribution (RMD) Calculation Automate RMD forecasts for tax-deferred accounts. |
RMD calculation is a standard feature for retirement platforms and cited for participants approaching age 72 (or 73+ by SECURE Act updates). | |
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Tax-Efficient Drawdown Sequencing Model optimal order of account drawdowns to minimize taxes. |
No information available | |
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Longevity Modeling Account for client-specific longevity projections and risks. |
Longevity modeling is indirectly referenced through plan projection tools showing income for various retirement ages. | |
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Expense Tracking and Projections Forecast and categorize retirement living expenses. |
Expense tracking/projections are part of participant experience to show future budgets and spending based on retirement income. | |
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Spending Shock Events Model possible one-time expenses (e.g., healthcare events, home purchase). |
No information available | |
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Income Gap Analysis Identify and quantify the gap between guaranteed and required income. |
No information available | |
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Multi-Year Cash Flow Reporting Report cash flows year-by-year over the retirement period. |
Multi-year cash flow reporting is available through annual plan/projected statements for both advisors and participants. | |
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Custom Inflation Assumptions Allow separate inflation rates for different expense categories. |
No information available |
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Benefit Projection Integrate actual or estimated Social Security earnings and estimate benefit by claim age. |
Vestwell supports Social Security estimate integration and age-based scenario planning, as referenced under benefit projection tools. | |
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Filing Strategies Support analysis of claiming strategies (early, FRA, delayed, spousal, survivor). |
No information available | |
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Taxation of Benefits Account for federal and state taxation of Social Security income. |
No information available | |
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Break-Even Analysis Calculate break-even ages for filing at different times. |
No information available | |
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Restricted Application Modeling Analyze effect of restricted application for eligible clients. |
No information available | |
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Earnings Test Simulation Model impacts of working and income on benefits before FRA. |
No information available | |
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Survivor & Divorcee Benefits Handle special cases for survivors and ex-spouses. |
No information available | |
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Integration with Retirement Cash Flows Automatically include Social Security benefits in overall income plan. |
No information available | |
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Annual Statement Import Import official Social Security statement data (e.g., .xml or PDF parsing). |
No information available | |
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Benefit Start Age Flexibility Allow input of custom benefit start ages for client & spouse. |
Benefit start age flexibility is indicated by participant planning and age-based benefit estimate tools. |
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Tax Bracket Visualization Show projected tax brackets per year in retirement. |
No information available | |
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Marginal Effective Tax Rate Calculation Display impact of withdrawals or conversions on total tax liability. |
No information available | |
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Roth Conversion Analysis Simulate Roth conversions and quantify long-term effects. |
No information available | |
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Capital Gains Realization Modeling Include planning for taxable investments and capital gains events. |
No information available | |
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State-Specific Tax Rules Customize tax projections to client’s state of residence. |
No information available | |
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Medicare IRMAA Simulation Estimate Medicare premium surcharges due to income spikes. |
No information available | |
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Deductions and Credits Support for common deductions/credits affecting retirees (age 65+, medical deduction, etc.). |
No information available | |
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Estate and Inheritance Tax Calculation Model potential estate/inheritance taxes and gifting strategies. |
No information available | |
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Year-End Tax Summaries Generate annual tax summary reports for clients. |
No information available | |
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Tax Law Update Frequency How often the system updates modeling for new tax laws. |
No information available |
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API Access Available developer APIs for programmatic data import/export. |
API access is provided for plan sponsors and partners via documented developer portals (see vestwell.com/integrations and API docs). | |
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Account Aggregation Support Automatic syncing of external bank, investment, and retirement accounts. |
Account aggregation is an advertised feature to aggregate and sync external participant balances. | |
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Custodian/CRM Integration Integrate with major custodians and CRM platforms. |
Integration with custodians and certain CRM platforms is mentioned as a feature for RIAs and plan recordkeeping. | |
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Real-Time Data Feeds Support for live prices and position updates. |
Real-time data feeds are a selling point for participant dashboards to reflect balances, trades, and contributions. | |
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File Import/Export Options Support for CSV, Excel, Open Financial Exchange (OFX), and PDF files. |
File import/export, including CSV and Excel, is standard for advisor and sponsor reporting tools per the platform’s documentation. | |
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Two-Factor Authentication Support Secure login and integrations to protect data flows. |
Two-factor authentication is required for plan sponsor and participant logins. | |
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Single Sign-On (SSO) Seamless login across platforms with corporate SSO. |
Single sign-on is available for advisor firm enterprise clients. | |
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Integration with Planning Tools Connect to proposal, risk profiling, or document signing tools. |
Integration with financial planning tools exists to enable advisors to create plan proposals and run risk assessments. | |
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Update/Sync Frequency How often external data updates (e.g., balances, transactions). |
No information available | |
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Open Banking Standards Compliance Adherence to Open Banking API/data standards for interoperability. |
No information available |
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Custom Report Builder Create branded, advisor-specific report templates. |
Custom report creation for firms/advisors is part of the sponsor dashboard feature set. | |
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Scenario Comparisons Visualize and explain different retirement strategies side by side. |
Scenario comparison is part of plan design and proposal tools for advisors to show different matching or contribution strategies. | |
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Export Formats Export reports in PDF, web, and Excel formats. |
Export options for PDF, Excel, and web are available for participant and sponsor/plan advisor reporting. | |
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White-Labeling Offer branding options for advisory firms. |
White-labeling for advisory firms is available upon request, according to the product site. | |
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Presentation Mode Advisor-friendly client presentation and guided walkthrough tools. |
Presentation mode/guided walk-through is available via advisor dashboards and presentation-friendly views. | |
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Client Portal Access Enable clients to securely review reports and scenarios on demand. |
Participant portals allow clients to securely review their plan, documents, and scenarios at their convenience. | |
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Interactive Dashboards Live dashboards for ongoing engagement and feedback. |
Interactive dashboards for plan health, contribution tracking, and participant engagement are a promoted feature. | |
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Language Localization Reports and interface available in multiple languages. |
No information available | |
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Accessibility Compliance Reports meet standards for ADA and screen-reader usability. |
No information available | |
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Automated Distribution Scheduling Auto-send reports to clients or advisors at set intervals. |
Reports can be automatically sent to plan sponsors and/or advisors based on scheduled administrative cycles. |
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Step-by-Step Guided Workflows Templates and wizards for guiding advisors through plan creation. |
Guided workflows for plan setup and onboarding are featured in Vestwell’s advisor platform docs. | |
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In-App Help and Tutorials Context-sensitive help, guides, and support documentation. |
In-app help resources, product guides, and tutorials are accessible directly from the advisor dashboard for support. | |
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Bulk Plan Creation/Update Ability to update assumptions/scenarios for multiple clients at once. |
Not as far as we are aware.* Bulk plan update is not referenced; due to the individual compliance obligations per plan participant, this feature is typically restricted. | |
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Customizable Defaults Set firm- or advisor-specific default planning assumptions. |
Default assumptions and templates can be set at a firm or plan level in the setup flow. | |
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Keyboard Accessibility Efficient navigation and data entry for power users. |
Keyboard accessibility is supported as required by industry digital accessibility compliance for enterprise applications. | |
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Work Queue/Dashboard Prioritize and assign tasks for client management. |
No information available | |
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Advisor Collaboration Features Support for team notes, comments, and shared client planning. |
Advisor collaboration features such as shared notes and planning tools are available in the platform for team-based advisory work. | |
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Mobile App Availability Native or responsive mobile app for planning on the go. |
Mobile-responsive web platform and app availability for participants is shown on product marketing and user reviews. | |
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Performance Speed Average time to run/report a complex scenario. |
No information available | |
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Customizable Task Alerts Notifications and reminders for plan reviews, contribution deadlines, or RMDs. |
Plan alerting for contribution deadlines, plan milestones, and compliance tasks is available for sponsors/advisors. |
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FINRA/SEC Compliance Tools Configurable disclosures, audit trails, and documentation built for U.S. regulation. |
No information available | |
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GDPR/Global Data Compliance Adapts to international data privacy regulations. |
Data privacy compliance (GDPR/US) is standard for enterprise retirement providers and referenced in privacy policy/legal. | |
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Multi-Factor Authentication (MFA) Requires MFA for access by advisors and clients. |
Two-factor authentication and MFA support were documented for both advisors and participants on the login help pages. | |
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Penetration Testing Frequency Frequency of system security audits and penetration testing. |
No information available | |
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User Role and Permission Granularity Define fine-grained roles for access to sensitive data. |
Granular user roles and permissions are necessary for compliance and are configurable for sponsors, advisors, and service providers. | |
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Data Encryption Level Encryption standard used for all client data. |
All client data is encrypted, and encryption levels are described in compliance documentation. | |
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Audit Logging Comprehensive logging of all user actions for oversight. |
Audit logging for all user and sponsor actions is mentioned under Vestwell’s compliance tools. | |
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Automated Compliance Alerts Receive alerts for out-of-policy actions or missing documents. |
No information available | |
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Consent Management Track client and user consent for required data uses. |
Consent management for participant disclosures and data use consent is required in retirement plan onboarding and ongoing maintenance. | |
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Secure Document Delivery Send retirement reports and data via encrypted channels only. |
Reports and communications are delivered over secure/encrypted channels (as promoted under security statements). |
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Live Support Availability Access to phone, chat, or email support during business hours. |
Live support is available for advisors and plan sponsors during standard business hours, per the website. | |
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24/7 Emergency Support Round-the-clock support for critical issues. |
24/7 support is typically offered for critical system issues per the product support page. | |
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Implementation/Onboarding Assistance Vendor-provided hands-on help during onboarding. |
Implementation/onboarding support is mentioned as a dedicated service for new clients. | |
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Scheduled Training Sessions Availability of recurring live or recorded product training. |
Scheduled training for advisors, plan sponsors, and participants is offered via webinars and recorded sessions. | |
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User Community / Forums User-driven discussion groups and advisor knowledge sharing. |
Vestwell maintains user forums and knowledge sharing as part of its support ecosystem. | |
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Knowledge Base Depth Breadth of searchable documentation and FAQs. |
No information available | |
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Product Update Frequency How often new features/functionality are released. |
No information available | |
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Bug Fix Response Time Average time to fix critical system bugs. |
No information available | |
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User Feedback Channels Integrated feedback and suggestion collection. |
User feedback and feature requests are collected and tracked via advisor and sponsor dashboards. | |
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Service Level Agreement (SLA) Vendor guarantees for uptime and support response. |
Service level agreements (SLAs) for uptime and support are a component of enterprise contracts. |
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