Vestwell to acquire Gradifi Solutions from Morgan Stanley.

Vestwell, a fintech services provider, agreed to acquire Gradifi Solutions, a student loan benefits provider, from Morgan Stanley. Financial terms were not disclosed. “We’re delighted to bring Gradifi Solutions onto the Vestwell platform and offer a full suite of financial wellness programs to meet the needs of our clients. As millions of Americans carry student loan debt, it’s essential for employers to provide accessible tools and programs that enable individuals to pay down their student debt while saving for retirement simultaneously. Bringing Gradifi Solutions into Vestwell accelerates our product roadmap initiative alongside a top-tier client base. Through this acquisition, Vestwell is realizing its vision of enabling all savings in the workplace and beyond, with more offerings coming soon," Aaron Schumm, Vestwell Founder and CEO.