Contact Information: Contact: Vestmark 781-224-3640
Vestmark Continues Growth in the Managed Account Solutions Market With Over $80 Billion in Assets Managed on Its Platform
Customer Growth, Expanded Connectivity to Sponsor Systems, and Increased Functionality Positions Vestmark as the Leading Next Generation Platform for Cost Effective Support of Managed Account Solutions
| Source: Vestmark, Inc.
WAKEFIELD, MA--(Marketwire - November 12, 2008) - Vestmark today announced increased momentum
in the Managed Accounts Solutions market, highlighted by strong customer
growth, an expanded connectivity offering, and increased functionality.
Assets under management (AUM) on the Vestmark Managed Accounts Platform
(VMAP) stand at over $80 billion representing over 400,000 accounts. This
growth has been driven by the operational efficiencies, compliance support
and product innovation VMAP provides to Vestmark customers and partners.
"The benefits of our technology provide a compelling return on investment
for our customers," said John Lunny, CEO of Vestmark. "As a testament to
the value of our technology, assets managed on VMAP have quadrupled in the
past two years as new clients come on board and existing clients expand
their usage of the technology."
The Money Management Institute, the national organization for the Managed
Account Solutions industry, recently announced that assets under management
in managed account solutions stand at $1.3 trillion as of September 30,
2008.
About Vestmark
Vestmark is a full service investment technology provider for investment
managers, overlay managers, sponsors, and operations outsourcing service
providers in the managed accounts industry. Vestmark's solution enables
increased operational efficiency, greater regulatory compliance and product
innovation for its customers. The Vestmark Managed Accounts Platform (VMAP)
is a modern, web-based platform providing complete functionality and
connectivity to support the innovation in managed account solutions and the
growth of the managed accounts industry. Vestmark is headquartered in
Wakefield, Massachusetts with offices in Oakland, California; Cambridge,
Massachusetts; and Jersey City, New Jersey. For more information about
Vestmark's managed accounts platform solutions, please call 781-224-3640,
email info@vestmark.com, or visit www.vestmark.com.