SOURCE: Vestmark, Inc.

Vestmark, Inc.

August 27, 2009 08:58 ET

Over 500,000 Accounts Now Managed on Vestmark

New Clients and Existing Customer Growth Pushes the Accounts on the Vestmark Platform Over the Half Million Mark

WAKEFIELD, MA--(Marketwire - August 27, 2009) - Vestmark today announced continued momentum in the Managed Accounts Solutions market with over 500,000 accounts now managed on the Vestmark Platform. This account growth comes from new clients converting to the Vestmark Platform as well as from new account flows with existing clients.

"Despite the challenging market conditions of the last year, utilization of Vestmark across our client base has continued to grow," said John Lunny, CEO of Vestmark. "This growth has come across the various market segments we serve, including asset managers, broker dealers, bank trusts, independent RIAs, and outsourcing providers."

The Money Management Institute, the national organization for the Managed Account Solutions industry, recently announced that assets under management in managed account solutions stand just under $1.2 trillion as of March 31, 2009.

About Vestmark

Vestmark is a full service investment technology provider for sponsors, overlay managers, asset managers, and operations outsourcing service providers in the managed accounts industry. Vestmark's solution enables increased operational efficiency, greater regulatory compliance and investment product innovation for its customers. The Vestmark Platform 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, or visit

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