Strategic Marketing Agreement is Latest Step in Vestmark’s Ongoing Effort to Help More Broker-Dealers & RIAs Optimize Productivity Across Their Organizations
Wakefield, Mass.—April 9, 2020—Vestmark, Inc. announces that it has entered into a strategic marketing agreement with Axos Clearing LLC, which will provide the full-service clearing and custody firm's broker-dealer and registered investment advisor (RIA) customers with seamless access to the VestmarkONE® portfolio management and accounting platform.
Omaha, Neb.-based Axos Clearing has provided flexible clearing and custody solutions for emerging, growth-focused broker-dealers and RIAs for more than 18 years. The experienced Axos Clearing team develops a deep understanding of each customer in order to deliver the right technology offerings and support that can meet individual business needs. The firm became a subsidiary of Axos Financial, Inc. (NYSE: AX) in 2019. For more information, please visit https://www.axosclearing.com/.
"The combination of Axos Clearing's tailored clearing and custody services with the VestmarkONE® platform's integrated portfolio management, accounting, and trading offering presents a powerful growth solution for emerging broker-dealers and RIAs," said Wayne Gilpin, Senior Vice President of Global Partners at Vestmark. "We continue to build-out strategic relationships with best-in-class service providers across the wealth management industry, in order to help more broker-dealers and RIAs deliver better investor outcomes with innovative investment solutions and customized advice delivered in a scalable way."
Vestmark's suite of technology and outsourced services can be customized in accordance with the unique needs and goals of broker-dealers and RIAs. For more information about how the software-as-a-service (SaaS) VestmarkONE® platform can provide scale, efficiency, and flexibility throughout an advisory practice's unique organization, please visit https://www.vestmark.com/roles/broker-dealers or https://www.vestmark.com/roles/rias.
"We are dedicated to providing our broker-dealer and RIA customers with tools that allow them to focus on what really matters for their businesses—client engagement and practice growth," said Jeffrey Sime, President and Chief Operating Officer of Axos Clearing. "Our integration with Vestmark elevates the success we can help our customers achieve, positioning them to compete and adapt even more effectively in the evolving, and highly regulated, financial services marketplace."
For more information, broker-dealers and RIAs can contact Vestmark at (781) 224-3640 or inquiry@vestmark.com, or contact their Axos Clearing client service representative.
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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
About Axos Bank and Axos Financial, Inc.:
Axos Financial, Inc. is the holding company for Axos Bank, a nationwide bank that provides consumer and business banking products through its low-cost distribution channels and affinity partners. With approximately $12.3 billion in assets, Axos Bank provides financing for single and multifamily residential properties, small-to-medium size businesses in target sectors, and selected specialty finance receivables. Axos Financial's wholly-owned non-bank subsidiaries, Axos Clearing LLC and Axos Invest, Inc. (formerly WiseBanyan, Inc.), both FINRA members, provide comprehensive securities clearing services to introducing broker-dealers and registered investment advisor correspondents and digital investment advisory services to retail investors, respectively. Axos Financial, Inc.'s common stock is listed on the NYSE under the symbol "AX" and is a component of the Russell 2000® Index and the S&P SmallCap 600® Index. For more information about Axos Bank, please visit axosbank.com.
Media Contact
Axos Bank
Greg Frost, Senior VP of Corporate Communications
(858) 376-6370
gfrost@axosbank.com
