Vestmark Wins Award for Direct Indexing Solution at 2024 WealthManagement.com Industry Awards

WAKEFIELD, Mass. – September 6, 2024 – Vestmark, Inc., a leading provider of wealth management software and services, has won the "Wealthies" award for Outstanding Achievement in Direct Indexing by Technology Providers at the 2024 WealthManagement.com Industry Awards. These awards recognize exceptional initiatives by companies and individuals that contribute to financial advisors' success and deliver superior outcomes for clients.

A panel of independent judges selected a fixed-income enhancement to Vestmark’s new solution, VAST™, from a field of nominees and finalists. The newest enhancement allows for seamless management of fixed income portfolios within a tax-optimized Unified Managed Account (UMA) framework. By integrating fixed income and equity sleeves, VAST offers more effective risk management and operational efficiency, which allows advisors to deliver personalized solutions at scale while maintaining the highest quality of service.

“VAST represents a shift in how advisors manage portfolios, moving beyond direct indexing to a fully integrated platform that enhances both personalization and efficiency,” said Vestmark CEO Karl Roessner. “This award is a testament to our team’s commitment to innovation and to empowering advisors to serve their clients better. Congratulations to all involved, and to our clients for their outstanding achievements in wealth management.”

A record-breaking number of nominations was submitted for the 10th Annual Industry Awards—over 1,000 entries were received from more than 400 companies. Two-hundred-eighty-seven organizations were selected as finalists in one or more of the firm or individual categories in this year’s awards program. 

The winners were selected by a panel of independent judges based on both quantitative and qualitative measures, including scope, innovation, and market impact over the 12 months ending in April 2024. 

Vestmark supports six of the ten largest managed account platforms in the industry, with $1.5 trillion in assets flowing through its platform. More than 65,000 advisors supported by Vestmark technology have access to a model marketplace with more than 1,200 strategies. 

*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 2024. Vestmark VAST was awarded first place in the Direct indexing/Technology Providers category 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.