Vestmark debuts unified wealth management platform VestmarkONE

Source: Vestmark

Vestmark, the leading innovator of advisory solutions and wealth management technology, today announced the introduction of VestmarkONE, a comprehensive unified wealth management platform.

With VestmarkONE, the entire breadth of the client relationship can be managed including discretionary and non-discretionary accounts, brokerage accounts, retirement accounts, trust accounts, and accounts held away. For these client relationships, a full range of advisory solutions is supported including unified managed accounts (UMAs), unified managed households (UMHs), mutual fund and ETF advisory, advisor as portfolio manager, and separately managed accounts (SMAs) -- all on one platform.

"Vestmark has been advancing the Advisory Solutions business with their technology and product platforms since first coming to market 10 years ago," states Gary Jones, eBusinessware Partner and Consultant to the Board of Governors of the Money Management Institute. "With the release of VestmarkONE, Vestmark continues their tradition of providing solutions that advance the industry and offering their clients a greater range of capability and flexibility in a comprehensive platform."

Advisors now have a complete view across their book of business spanning the entirety of each and every client relationship. VestmarkONE's unique visualization and proactive alerting capabilities surface relationships and portfolios requiring attention. From there, VestmarkONE provides a range of modeling, rebalancing, and block trading tools which simplify and streamline the implementation of trading ideas and strategies across one or more portfolios, with built-in pre-trade compliance checks and tax management decision-making for each and every order. In addition, VestmarkONE provides a series of views and alerts that provide unequaled control and oversight for compliance officials and home office executives. Efficient oversight of every account independent of whether it is managed by an advisor, a centralized products group, or 3rd party manager is now possible with VestmarkONE.

"For many years, Vestmark's clients have benefited from a single platform that spans portfolio management, compliance, portfolio modeling, rebalancing, trade order management, reconciliation, performance measurement, and client reporting," said John Lunny, CEO of Vestmark. "VestmarkONE expands these functional areas to cover the complete range of investment solutions needed to support the entire client relationship."

Over the last year, assets managed on Vestmark have increased more than $100 billion from new clients as well as net asset growth from existing clients.

"VestmarkONE is an enhanced technology platform that enables us to implement tailored UMA investment solutions for each of our clients and aligns with our strategy of pursuing new broker dealer and RIA clients," said Curt Overway, President of Managed Portfolio Advisors, a division of Natixis Global Associates. "We began working with Vestmark over five years ago because of their state-of-the-art technology and ability to innovate which has allowed us to improve the types of investment solutions we deliver to the marketplace."

Vestmark counts a number of the world's largest banking, wealth management and asset management firms, several of the nation's largest broker-dealers and several of the nation's premier custodians among its clients.

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