Customer Growth, Increased Interest in Vestmark's Solutions, and Vestmark's Continuing Commitment to Superior Service and Support Have Led Vestmark to Expand Its Operations With a Local Presence on the West Coast
Wakefield, MA - February 26, 2007 - Vestmark, the leading innovator in the managed account solutions platform market, today announced the opening of its west coast office in California. The new office in Oakland, California in the Bay Area is a result of Vestmark's commitment to delivering superior service and support to its growing customer base.
Vestmark has increased momentum in the fast-growing managed accounts market, highlighted by strong customer growth, an expanded connectivity offering, and increased functionality. This growth has been driven by the product innovation, compliance support and operational efficiencies that the Vestmark Managed Accounts Platform (VMAP) provides to Vestmark customers and partners.
"Vestmark has a very healthy pipeline of implementations and conversions for VMAP. Our growing customer base in the western United States, particularly California, can now be serviced locally," says John Lunny, Chief Operating Officer of Vestmark. "Our California office is staffed with Relationship Management and Customer Engineering functions and will primarily provide service and support functions to our customers."
VMAP is a modern, web-based technology platform providing complete functionality and connectivity for investment managers, overlay managers, sponsors, and operations outsourcing service providers. VMAP was designed from inception to support the scalability, efficiency, and product flexibility requirements of the managed accounts industry. Operations outsourcing service providers using the Vestmark platform are able to offer a higher degree of service and operational efficiency to investment managers, overlay managers, and sponsors.
Vestmark was awarded Best Places to Work by the Boston Business Journal in June 2006. The honor recognizes the company's achievements in creating a positive work environment and culture that drives highly engaged employees and outstanding business results while giving employees the ability to achieve a work-life balance.
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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.
Elizabeth Shim
Haven Tower
(424) 317-4861
eshim@haventower.com
