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Wakefield, MA - April 26, 2016 - Vestmark, provider of the award-winning unified wealth management technology platform VestmarkONE, marked its 15-year anniversary in grand style by recently surpassing $500 billion in assets on its platform and over 1.6 million accounts across more than 40 broker dealer, RIA, bank trust and asset management firms.
Throughout its history, Vestmark has grown by remaining focused on providing clients with flexible, innovative, and efficient solutions to power their businesses, regardless of their operating model. The company was founded on a commitment to delivering scalable technology that is wholly integrated. Vestmark’s commitment to innovation and in-house development has enabled the company to provide clients a real-time, exception-based wealth management platform to seamlessly run their operations and better meet their investor objectives. It is one of the key reasons why Vestmark has a 100% retention rate.
Today, Vestmark discretely supports a wide range of advisory solutions, including institutional and private client Separately Managed Accounts (SMA), Advisor-as-Manager, Unified Managed Accounts (UMA), and Unified Managed Households (UMH), in a number of different business model configurations. VestmarkONE is designed to support multiple business models, including model-only programs, open architecture programs, and advisor-discretionary programs. Vestmark’s client base includes several of the largest broker dealers in the industry, one of the largest global investment banking firms and numerous asset management firms that are among the largest in their respective categories.
“At every inflection point for the wealth management industry over the last 15 years, Vestmark has worked closely with our clients to anticipate their needs and create solutions to help them compete and grow. We are proud to have won the trust of so many firms that lead their respective industry categories and are among the fastest growing firms in the industry,” said John Lunny, CEO of Vestmark. “We thank all of our clients for working with us throughout the years to innovate the wealth management industry together.”
Along its way to becoming an industry leader, Vestmark has earned recognition and achieved other milestones of note, including:
- 14 industry awards including a Money Management Institute award for Advisory Solutions Technology Innovation and Operations Improvement of the Year, the Boston Business Journal’s Best Places to Work award, and two BISA awards recognizing Vestmark for innovation.
- U.S. patents for both System and Method for Reconciling Financial Records and also System and Method for Reconciling Financial Records by Matching Outstanding Trade Orders to Unmatched Transactions, with three more patents pending.
- Five acquisitions: ShareThis, LifeHarbor, UMB Managed Account Solutions operation, Citibank’s OpenSMA operation, and most recently Advanced Objects’ Proposal Generation technology.
Vestmark has also proudly served the Boston community through numerous local charities. Vestmark has participated in the Holiday Gift Giving Drive annually since 2009, donating everything from arts and crafts supplies to twin beds and cribs for 200 children. Since 2007 Vestmark has also donated to Recycling for Charities and works with the Pine Street Inn on a quarterly basis.
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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