SOURCE: Vestmark, Inc.

November 12, 2008 07:50 ET

Vestmark Continues Growth in the Managed Account Solutions Market With Over $80 Billion in Assets Managed on Its Platform

Customer Growth, Expanded Connectivity to Sponsor Systems, and Increased Functionality Positions Vestmark as the Leading Next Generation Platform for Cost Effective Support of Managed Account Solutions

WAKEFIELD, MA--(Marketwire - November 12, 2008) - Vestmark today announced increased momentum in the Managed Accounts Solutions market, highlighted by strong customer growth, an expanded connectivity offering, and increased functionality. Assets under management (AUM) on the Vestmark Managed Accounts Platform (VMAP) stand at over $80 billion representing over 400,000 accounts. This growth has been driven by the operational efficiencies, compliance support and product innovation VMAP provides to Vestmark customers and partners.

"The benefits of our technology provide a compelling return on investment for our customers," said John Lunny, CEO of Vestmark. "As a testament to the value of our technology, assets managed on VMAP have quadrupled in the past two years as new clients come on board and existing clients expand their usage of the technology."

The Money Management Institute, the national organization for the Managed Account Solutions industry, recently announced that assets under management in managed account solutions stand at $1.3 trillion as of September 30, 2008.

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 increased operational efficiency, greater regulatory compliance and product innovation 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 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 info@vestmark.com, or visit www.vestmark.com.

Contact Information