January 22, 2014 – Investment management firm Vanguard will be partnering with HelloWallet, a financial wellness service, to help employees save more for retirement.
HelloWallet, headquartered in Washington, D.C., provides personalized and unbiased guidance to individuals on managing debt, spending wisely and maximizing company benefits. Vanguard, which is based in Valley Forge, Pennsylvania, expects that the service will help workers become more engaged in managing their finances.
“While we will continue to provide educational content and calculators to participants as important sources of guidance, HelloWallet is based on a deep understanding of an individual’s needs, preferences, and behaviors, which results in more personal guidance,” says Amy Cribbs, head of participant experience for Vanguard. “We believe that HelloWallet has a sound approach that can make it easy for employees to manage their personal finances by nudging them into making appropriate decisions.”
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