Contact Information: For more information: Vestmark 781-224-3640 email www.vestmark.com
Vestmark's Financial Technology Platform Assets Eclipse $100 Billion Punctuating Firm's Consistent Growth
| Source: Vestmark, Inc.
WAKEFIELD, MA--(Marketwire - January 20, 2010) - Vestmark today announced that over $100
Billion in assets are now being managed on the Vestmark Platform, the
industry's most comprehensive, real-time technology platform for fee-based
accounts. The asset growth represents 30% year-over-year increase.
Vestmark attributes this growth in the wealth management and managed
account industry assets to new investment manager, RIA, broker-dealer, bank
trust and other financial clients converting to the Vestmark Platform for
its trading and operational efficiency, as well as asset growth across
Vestmark's existing clients.
"We've remained true to our mission to develop innovative solutions that
significantly enhance financial firms' operational efficiency and therefore
their bottom line," said John Lunny, CEO of Vestmark. "We're gratified that
a growing number of financial firms are choosing Vestmark for our advanced
tools, ease of use, and tailored solutions that also increase scalability
while reducing compliance risk."
Among its clients, Vestmark boasts a number of the world's largest banking,
wealth management and asset management firms, one of the nation's largest
broker-dealers and one of the nation's largest providers of Unified Managed
Accounts (UMA). Collectively, Vestmark's clients run more than 500,000
accounts on the platform.
"From supporting customized fixed income portfolios to enabling tax
intelligent portfolio diversification in UMAs to providing advanced trading
tools to advisors, the Vestmark Platform is helping our clients raise
assets and better service investors in many ways," said Rob Klapprodt,
President of Vestmark. "The exception-based management capabilities of the
Vestmark Platform allow our clients to efficiently manage more assets
without increasing risk or abandoning the attention given to any individual
investor."
About Vestmark
Vestmark provides the most comprehensive, real time technology platform for
integrating portfolio management and back office functions to dramatically
improve trading and operational efficiency for investment mangers, RIAs,
broker-dealers, bank trusts and other financial firms. Leveraging our
simple to implement, easy to use solution, Vestmark's experienced team
works closely with clients to implement tailored solutions incorporating
best practices that enhance revenues, increase scalability and reduce
compliance risk. For more information about the Vestmark Platform
solutions, please call 781-224-3640, email inquiry@vestmark.com, or visit
www.vestmark.com.