# Aaron Schumm

> Aaron Schumm is the founder, CEO and chairman of Vestwell, a New York fintech that has become the infrastructure behind America's workplace savings programs. After co-founding FolioDynamix on a bar napkin and selling it to Envestnet, he took six days off and started Vestwell in 2016 to fix a problem he saw up close: most small businesses could not offer employees a retirement plan. A decade later the platform powers 401(k), 403(b), IRA, 529, disability and emergency savings accounts for millions of savers, and in early 2026 raised a $385 million Series E that doubled its valuation to roughly $2 billion.

- **Role:** Founder, CEO & Chairman at Vestwell
- **Organizations:** Vestwell, FolioDynamix, Envestnet, Northern Trust, Citigroup, Fiserv
- **Nationality:** American
- **Education:** B.S. in Finance, University of Illinois Urbana-Champaign, MBA, Duke University, Fuqua School of Business
- **Known for:** Founded and scaled Vestwell into infrastructure serving millions of savers and over $50 billion in assets, Co-founded FolioDynamix, acquired by Envestnet, Raised a $385 million Series E in 2026, doubling Vestwell's valuation to roughly $2 billion

## Career timeline

- **Early career** — Started in financial services at Northern Trust doing large corporate ERISA pension plan analysis
- **—** — Held roles across enterprise fintech and financial services, including Citigroup and Fiserv
- **—** — Co-founded FolioDynamix, a wealth management technology platform conceived on a bar napkin in Princeton, NJ
- **2014** — FolioDynamix acquired by Envestnet (NYSE: ENV)
- **2016** — Founded Vestwell, taking just six days off after selling FolioDynamix
- **2023** — Raised Series D funding
- **2025** — Welcomed to the World Economic Forum unicorn community; spoke at the Milken Institute Global Conference
- **2026** — Raised $385M Series E led by Blue Owl Capital and Sixth Street Growth, doubling valuation to roughly $2 billion

## Achievements

- Founded and scaled Vestwell into infrastructure serving millions of savers and over $50 billion in assets
- Co-founded FolioDynamix, acquired by Envestnet
- Raised a $385 million Series E in 2026, doubling Vestwell's valuation to roughly $2 billion
- Named to InvestmentNews' 40 Under 40 and WealthManagement.com's '10 to Watch'
- Honored by Goldman Sachs for entrepreneurship
- Served on boards/advisory boards for fintechs including Quovo (acquired by Plaid), Vestorly, OfColor and Chalice Financial Network

## Latest updates

- **2026-02** — Vestwell raised $385M Series E led by Blue Owl Capital and Sixth Street Growth, doubling its valuation to roughly $2 billion and passing 2 million savers, $50B in assets and $200M in ARR.

## Links

- Website: https://vestwell.com
- LinkedIn: https://www.linkedin.com/in/aaronschumm/
- Twitter/X: https://twitter.com/vestwell
- Facebook: https://www.facebook.com/vestwell401k/

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Profile page: https://yespress.io/aaron-schumm
Published by YesPress — https://yespress.io
Last updated: 2026-08-06