EvoShare, a microsavings oriented FinTech startup based in Berkeley, CA, and IMA Wealth, an independent investment advisor that provides families and businesses with wealth management and portfolio management solutions, headquartered in Wichita, KS , are announcing their partnership to revolutionize the way employees save for their retirement. Together, IMA Wealth and EvoShare will be able to offer plan sponsors a unique benefit that taps into employees’ spending habits to unlock a new source of funds to power their savings – increasing plan participation, contributions, and satisfaction.
EvoShare’s proprietary system turns a percentage of every dollar spent at over 10,000 partnered local and online stores into additional contributions for a financial savings account like a 401(k), IRA, or 529 College Savings Plan. IMA Wealth is more than a financial services company – it is a valued adviser. IMA Wealth specializes in providing wealth management and retirement plan consulting services to individuals, families and corporations. The mission of IMA and its companies is to protect assets and make a difference – not only for clients, but also within the communities we serve.
“Working with IMA Wealth will allow us to help employees at any level of compensation to start adding to their savings on a daily basis. It’s a big step toward our mission of enabling every American to save more for retirement,” said Eugeny Prudchyenko, CEO of EvoShare.
“At IMA Wealth, we believe all people have the right to retire with dignity and are dedicated to helping employers design retirement programs that truly improve the savings outcomes of their employees. Partnering with EvoShare will allow us to provide our clients and their employees with a revolutionary way for employees to embrace saving for their financial futures,” said Richard Holt, President of IMA Wealth.
EvoShare and IMA Wealth’s partnership gives businesses a powerful tool to offer their employees – automatic savings for their future, funded by stores and restaurants.