SOURCE: Vestmark, Inc.

May 02, 2007 05:00 ET

Vestmark Brings Vision of Unified Managed Households to Reality

Vestmark Introduced Innovative Enhancements That Enable Financial Advisors to Group Accounts Across Products Into a Single, Consolidated Household View, and Manage Households to Custom Asset Allocation Targets

WAKEFIELD, MA -- (MARKET WIRE) -- May 2, 2007 -- Vestmark, the leading managed accounts platform provider, today announced the successful completion of the first production version of its Householding Module. Vestmark's householding capabilities enable advisors to group accounts across account types, investment products, and individuals into a single, consolidated household view. Advisors can now efficiently monitor and manage their clients' households to custom asset allocation targets.

Vestmark recognized the need for the Unified Managed Household (UMH) and embarked upon the development of the technology through a strategic partnership with Robert W. Baird & Co. (Baird). Vestmark's reputation for collaborative and disciplined product development and industry leading technology led Baird to partner with Vestmark to realize its vision. "Unified Managed Households is the right solution for our clients and we believed that we could deliver this solution with a collaborative partner and technology," said Kristine Slamka, Director of Product Management at Baird.

"In developing new modules for our managed accounts platform, our philosophy has been to partner with forward-thinking clients, define a vision, and deliver a solution that works in the real world," said Rob Klapprodt, President of Vestmark Software. "Working with Baird to deliver an industry leading UMH solution is a great example of Vestmark enabling innovative solutions for our customers."

"Being able to manage family assets in a holistic way enables us to give our Financial Advisors a competitive advantage. The HouseholdView technology provides them with the tools they need to manage clients' assets efficiently and dynamically across investment products and account registrations," said Ms. Slamka. "The response to HouseholdView at our recent biennial advisor symposium was overwhelmingly positive."

About Baird

Baird is an employee-owned, international wealth management, capital markets, private equity and asset management firm with offices in the United States, Europe and Asia. Established in 1919, Baird has more than 2,200 associates serving the needs of individual, corporate, institutional and municipal clients. Baird oversees and manages client assets of more than $71 billion. Committed to being a great place to work, Baird was recognized as one of the FORTUNE 100 Best Companies to Work For in 2004, 2005, 2006 and 2007. Baird's principal operating subsidiaries are Robert W. Baird & Co. in the United States and Robert W. Baird Group Ltd. in Europe. Baird also has an operating subsidiary in Asia supporting Baird's private equity operations. For more information, please visit Baird's Web site at www.rwbaird.com.

About Vestmark

Vestmark is the leading provider of a solutions and services platform for sponsors, investment managers, and operations outsourcing service providers in the managed accounts industry. Vestmark Solutions and Services enable greater product innovation, increased operational efficiency, and a higher degree of compliance delivered with the highest quality of service. The Vestmark Managed Accounts Platform (VMAP) is a modern, web-based platform providing complete functionality and connectivity to support innovation in managed account products and the growth of the managed accounts industry. Vestmark is headquartered in metropolitan Boston, Massachusetts with offices in Oakland, California. For more information about Vestmark's solutions and services, please call 781-224-3640, email info@vestmark.com, or visit www.vestmark.com.

Contact Information

  • Contact:
    Murtuza Vasowalla
    VP of Product Marketing
    +1 (781) 224-3640
    Email Contact