Vestmark Wins Award for Direct Indexing Solution at 2023 WealthManagement.com Industry Awards

WAKEFIELD, Mass. – September 8, 2023 – Vestmark, Inc., a leading provider of wealth management software and services, won the “Wealthies” award for Outstanding Achievement in Direct Indexing by Technology Providers at the 2023 Wealth Management.com Industry Awards, which recognize outstanding initiatives undertaken by companies and individuals that contribute to the success of financial advisors in their businesses and foster improved outcomes for their clients.

A panel of independent judges selected Vestmark’s new solution, VAST™, from a field of nominees and finalists for its first ever Direct Indexing category. VAST allows advisors to tailor diversified portfolios to each client's unique investment preferences and tax circumstances. The technology offers active tax overlay across the entire portfolio by holistically including indices, SMA managers, ETFs and mutual funds in a single tax-managed offering. VAST’s capabilities are powered by VestmarkONE®, Vestmark’s technology platform which has been supporting tax-managed and index-based strategies as well as industry-leading UMA programs for over a decade.

“VAST is more than direct indexing – it’s an innovative portfolio management tool and a new way for advisors to deliver personalization at scale,” said Vestmark CEO Karl Roessner. “With VAST, advisors have more time to dedicate toward client relationships and business growth. Congratulations to the entire team at Vestmark for this recognition of your commitment to supporting advisors with innovative solutions. And congratulations to our many clients who were awarded for their exceptional services as well.”

This year’s award program featured more than 1,000 nominations from over 400 companies. Out of 253 finalists, 91 awards were presented to winners from 80 companies. To see the full list of 2023 Wealthies Awards winners, please visit: informaconnect.com/wealth-management-industry-awards/2023-finalists-and-winners/

*A panel of independent judges made up of top names in the industry determined the winners. The best in each category were selected based on quantitative measures of their initiatives—such as scope, scale, adoption and feature set—along with qualitative measures, such as innovation, creativity and new methods of delivery, over the past 12 months ended April 2023. Vestmark VAST was awarded first place in the Direct indexing/Technology Providers category vs. nine entries and did not pay to be considered for the award.

There is no assurance that investment products based upon indices will accurately track index performance or provide positive investment returns. Inclusion of a security within an index is not a recommendation by VAS to buy, sell, or hold such security, nor is it considered to be investment advice. Investment strategies that seek to enhance after-tax performance may be unable to fully realize strategic gains or harvest losses. Tax-loss harvesting involves the risks that the new investment could perform worse than the original investment and that transaction costs could offset the tax benefit.