WAKEFIELD, MA--(Marketwired - May 22, 2014) - Vestmark, a leading innovator of advisory solutions and wealth management technology, was named a Finalist in two categories in the 2014 American Business Awards, to be held in September. Vestmark is nominated for 'Most Innovative Tech Company of the Year' and 'New Product or Service of the Year -- Financial Services.'
The 'Most Innovative Tech Company of the Year' is awarded for overall achievement in product and management innovation. In 2013, Vestmark responded to growing client and market needs for efficient trading tools for financial advisors and adaptable outsourcing services by launching two groundbreaking solutions, VestmarkONE Advisor and Vestmark Business Process Outsourcing (BPO), both of which leverage the VestmarkONE unified wealth management platform. The firm also received another US patent for innovation in trading and reconciliation. Vestmark's continued focus on delivering innovations to its clients has driven the accounts managed on VestmarkONE to well over 1 million client accounts and over $300 billion in client assets.
Vestmark BPO is nominated for 'New Product or Service of the Year -- Financial Services,' which is awarded for singular innovations introduced in 2013. Vestmark BPO supports the VestmarkONE wealth management platform by allowing clients to flexibly outsource middle- and back-office administrative and operational functions so they can focus on their core competencies and business needs. With Vestmark BPO, all middle- and back-office processes move entirely online and are completed in a fraction of the time for current industry norms, resulting in dramatically improved response times and enhanced service to the end investor.
The American Business Awards are the nation's premier business awards program. More than 3,300 nominations from organizations of all sizes and in virtually every industry were submitted this year for consideration in a wide range of categories. Finalists were chosen by more than 150 business professionals nationwide during preliminary judging. The product and technology awards will be presented at the ABA's awards event on Friday, September 12 in San Francisco.
"The final judges have a difficult task ahead of them, to rank the Finalists, because there are so many great nominations this year," said Stevie Awards President and Founder, Michael Gallagher.
"Vestmark is honored to be recognized as an industry innovator by such a prestigious program," said John Lunny, CEO of Vestmark. "These nominations emphasize Vestmark's ability to anticipate trends from both a financial services and technology perspective. As the standards and values of the marketplace continue to shift, Vestmark will remain committed to meeting the evolving needs of our clients."
Details about The American Business Awards and the list of Finalists in all categories are available at www.StevieAwards.com/ABA.
About the Stevie Awards
Stevie Awards are conferred in five programs: The American Business Awards, The International Business Awards, the Asia-Pacific Stevie Awards, the Stevie Awards for Women in Business, and the Stevie Awards for Sales & Customer Service. A sixth program, the German Stevie Awards, will debut later this year. Honoring organizations of all types and sizes and the people behind them, the Stevies recognize outstanding performances in the workplace worldwide. Learn more about the Stevie Awards at www.StevieAwards.com.
Sponsors and partners of The 2014 American Business Awards include Biz Talk Radio, CallidusCloud, Citrix Online, Cvent, Engility, John Hancock, LycaMobile, PetRays, and Softpro.
About Vestmark
Vestmark provides VestmarkONE, a unified wealth management platform offering comprehensive, real-time technology that enables broker-dealers, investment managers, RIAs, bank trusts, and other financial firms to deliver holistic wealth management and a full range of advisory solutions. Vestmark's experienced team works closely with clients to implement tailored solutions incorporating best practices that help firms gather more assets, increase efficiencies, and minimize operating risks.
For more information about Vestmark's solutions, call (781) 224-3640, email inquiry@vestmark.com, or visit www.vestmark.com.
Contact Information:
Vestmark
(781) 224-3640