Freestone Capital Management Launches Unified Managed Account Program on the Vestmark Platform

WAKEFIELD, MA--(Marketwire - October 16, 2008) - Vestmark, the leading innovator in the managed accounts platform solutions market, today announced that Freestone Capital Management has successfully implemented the Vestmark Managed Accounts Platform (VMAP) to manage their new Unified Managed Account (UMA) program.

"When we began researching UMA solutions to offer our clients, we expected that we would have to outsource the overlay technology," said Becky Wilcox, CFA, Vice President of Portfolio Management at Freestone. "However, with Vestmark, we found that we could bring the overlay technology in house, allowing us to leverage our existing operational expertise and retain greater control over the entire UMA client experience."

Gary Smart, CFA, Director of Portfolio Management at Freestone, added, "The Vestmark technology solution gives us greater flexibility in working with our investment managers. We are able to coordinate directly with them as they implement their investment and trading strategies. We think that this added flexibility will be key in attracting great investment managers that otherwise might not be willing to participate in a more rigid, third party overlay structure. In the end, this will be of great benefit to our clients."

"VMAP is uniquely capable of being tailored to fit Freestone's vision and holistic approach to wealth management," said Rob Klapprodt, President of Vestmark Software. "Freestone is a great business partner and joins the strong, growing community of Vestmark UMA clients and innovators in the industry."

About Freestone Capital Management

Freestone Capital Management, based in Seattle, Washington, is one of the largest wealth and investment management firms in the Pacific Northwest with about $2 billion in high net worth client assets. The company manages proprietary long-only equity and fixed income portfolios and alternative strategies which include an internally managed hedge fund and several fund of funds. Additionally, Freestone offers clients access to "best of breed" managers through its progressive open architecture platform (UMA). Freestone's offerings provide clients with a broad range of investment opportunities and wealth management services tailored to their unique timeline, risk profile and return requirements.

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 greater product innovation, increased operational efficiency, and compliance 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 products 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.

Contact Information: Contact: 781-224-3640 www.vestmark.com