SOURCE: Vestmark, Inc.

Vestmark, Inc.

November 08, 2011 08:30 ET

Vestmark Brings Unified Wealth Management Technology to Bank Trusts

WAKEFIELD, MA--(Marketwire - Nov 8, 2011) - Vestmark, the leading innovator of advisory solutions and wealth management technology, today announced the availability of VestmarkONE for Bank Trusts. The platform provides trust officers with an unprecedented array of integrated wealth management tools and provides home office investment and compliance teams centralized management control and oversight. The platform launches with connectivity to the major trust accounting platforms including SEI, Metavante, and SunGard.

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

Client-facing investment managers can now seamlessly integrate their portfolio management and construction expertise with that of centralized investment teams and 3rd party specialists. 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. VestmarkONE also offers tremendous flexibility to firms in assigning decision making authority throughout the investment process including asset allocation, security selection, product and manager selection, and trade execution.

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 a client-facing investment manager in the field, a centralized portfolio management group, or 3rd party investment managers is now possible with VestmarkONE.

"Bank trust executives have had the unique challenge of competing with open architecture programs at broker dealers while balancing the long-standing role of internal investment managers with direct client relationships," said John Lunny, CEO of Vestmark. "VestmarkONE enables client-facing investment managers to fully participate in the investment process while leveraging the expertise of centralized teams and 3rd party portfolio management."

Over the past two years, assets managed on Vestmark have increased to more than $200 billion representing more than 1 million accounts. 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.

About Vestmark
Vestmark provides VestmarkONE, a unified wealth management platform offering comprehensive, real time technology that enables Broker-Dealers, investment managers, RIAs, bank trusts, and other financial firms to deliver holistic wealth management and a full range of advisory solutions. Vestmark's experienced team works closely with clients to implement tailored solutions incorporating best practices that help firms gather more assets, increase efficiencies and minimize operating risks. For more information about Vestmark's solutions, please call 781-224-3640, email or visit

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