EvoShare and IMA Wealth Partner to Revolutionize How Employees Save for Retirement

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EvoShare, a microsavings oriented FinTech startup, and IMA Wealth, an independent investment advisor that provides families and businesses with wealth management and portfolio management solutions, are announcing their partnership to revolutionize the way employees save for their retirement.

“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.” - Eugeny Prudchyenko, CEO of EvoShare

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.

About EvoShare:
EvoShare is a financial platform that enables employees to save for their 401(k) or 403(b) while shopping online and locally at stores, bars, and restaurants. The service allows employees to spend at their favorite businesses, and receive up to 30% cash-back toward their retirement plan through their employer.

EvoShare is the premiere cash-back retirement savings program that is giving employees a new, automated way to save for their 401(k). EvoShare provides employers with a “set it and forget it” experience where plan participants can spend as usual at over 12,000 participating businesses and receive up to 20% cash back toward a financial account; 401(k) or 403(b) plan, IRA, HSA, student loan, or 529 plan. EvoShare has been featured in Forbes, Inc., Entrepreneur, and The Huffington Post. It won the 2019 DC Genie Award from 401(k) TV for “Best Financial Technology” and was a finalist for KNect365’s 2019 Finovate Award for “Top Emerging Tech Company.”

About IMA Wealth:
IMA Wealth, founded in 1999, is registered as an investment advisor with the Securities and Exchange Commission (“SEC”), a broker-dealer registered with the FINRA, and an insurance agency specializing in ERISA Section 3(21) and 3(38) fiduciary support services to qualified and non-qualified retirement plans. They also provide discretionary wealth management services to a broad range of clients. IMA Wealth was named to the National Association of Plan Advisors’ (NAPA) Top Defined Contribution Advisory Multi-Office Firms of 2019, and Plan Adviser’s Top 100 Retirement Plan Advisers of 2020.

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Trenton DuVal
EvoShare
+1 (510)313-3465
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Trenton DuVal
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