Press Release
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Wakefield, MA - June 16th, 2015 - Vestmark announced today Oppenheimer & Co. Inc. has chosen VestmarkONE, the award-winning, unified wealth management technology platform, to consolidate, manage, and trade all of its advisory programs, as well as those offered through its affiliate, Oppenheimer Asset Management Inc.
Vestmark is a premier SaaS technology provider of comprehensive portfolio management and trading solutions. Oppenheimer provides investment advice and investment management through its range of advisory programs.
Vestmark will consolidate Oppenheimer’s accounting and trading platforms representing $27 billion in assets and tens of thousands of accounts onto VestmarkONE. Oppenheimer will be utilizing Vestmark’s Proposal Generation Module to generate client-ready investment proposals spanning Oppenheimer’s fee-based advisory offerings.
“Oppenheimer is pleased to be working with Vestmark as we add improved functional capabilities to our fee-based businesses,” said Bryan McKigney, President of Oppenheimer Asset Management. “Vestmark provides the technology to allow us to continue to grow our business: enhancing the client relationship, putting efficient tools in the hands of our advisors, and adding regulatory controls while unifying our legacy technology systems on one platform.”
“VestmarkONE is a proven industry solution for platform consolidation that will enable Oppenheimer to increase overall efficiency, while our SaaS-based platform will allow Oppenheimer’s 1,400 advisors to effectively manage their client accounts enrolled in the wide variety of asset management programs,” said John Lunny, Vestmark CEO. “This initiative is a testament to Oppenheimer’s pioneering leadership and continued dedication to providing effective and innovative solutions to their clients and the advisors who serve them. We are excited to partner with Oppenheimer and look forward to helping them maximize the value of VestmarkONE to enhance the quality of their advisory services.”
About Oppenheimer & Co. Inc.:
Oppenheimer & Co. Inc. (Oppenheimer), a principal subsidiary of Oppenheimer Holdings Inc. (OPY on the New York Stock Exchange), and its affiliates provide a full range of wealth management, securities brokerage and investment banking services to high-net-worth individuals, families, corporate executives, local governments, businesses, institutions, charitable organizations and pooled vehicles.
Oppenheimer Holdings Inc.’s other wholly owned subsidiaries include Oppenheimer Asset Management Inc., Oppenheimer Life Agencies Ltd., and Oppenheimer Trust Company of Delaware.
Oppenheimer is a registered broker-dealer and investment advisory firm. Securities are offered through Oppenheimer.
For more information, please visit: https://www.opco.com/
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About Vestmark
Headquartered in Wakefield, Mass. and founded in 2001, Vestmark is a leading provider of portfolio management solutions and outsourced services for financial institutions and their advisors, enabling them to efficiently manage customized client portfolios through an innovative technology platform. Supporting over $1.5 trillion in assets and 5.5 million accounts, Vestmark is a partner to some of the largest and most respected wealth management firms. For more information about Vestmark’s solutions, call (781) 224-3640 or visit www.vestmark.com.
Media Contact
Elizabeth Shim
Haven Tower
(424) 317-4861
eshim@haventower.com