SOURCE: Vestmark, Inc.

Vestmark, Inc.

March 25, 2015 10:00 ET

Vestmark Expands Jersey City Office Space

Leading Wealth Management Technology Provider Triples Space to Support Continued Growth of Award-Winning BPO Service

WAKEFIELD, MA--(Marketwired - Mar 25, 2015) - Vestmark, a leading innovator of advisory solutions and wealth management technology, has announced it has expanded its office space in Jersey City. The new office will allow the company to expand operations for the Vestmark Business Processing Outsourcing (BPO) unit.

Vestmark provides a unified wealth management platform called VestmarkONE, a comprehensive web-based portfolio management, trading, performance measurement, client reporting, and sleeve-lot accounting platform. The Vestmark BPO service is a separate outsourcing solution that allows broker-dealers, banks, investment managers, and advisors to outsource middle-and back-office administrative and operational functions. Vestmark BPO is provided to support firms that use VestmarkONE.

"The expansion in our Jersey City office affords us the opportunity to increase our efforts to better service our clients," said Steve Camp, Senior Vice President of Vestmark BPO. "Over the past two years, the Vestmark BPO service has experienced tremendous growth stemming from our status as a proven outsourcing provider in the wealth management industry. The breadth and flexibility of services available through Vestmark's BPO service allows clients to outsource as much or as little of their investment operation as needed -- there is no other outsourcing solution that can provide our level of flexibility. Furthermore, this expansion signifies Vestmark's ongoing commitment to meet the needs of our clients and our interest in increasing employment opportunities in the greater New York City area."

"Two years ago, based on market demand, Vestmark took the step of providing outsourced middle- and back-office services to clients of VestmarkONE," said John Lunny, CEO of Vestmark. "The quality of the Vestmark BPO team and service offering has allowed us to capitalize on the market demand. This expansion is a testament to the success that the Vestmark BPO team has achieved over the past two years in terms of industry recognition, client satisfaction, and a rapid increase in asset under administration."

Vestmark was founded in 2001 and is headquartered in Wakefield, Massachusetts. Current BPO employment opportunities include Reconciliation Analyst/Account Administrator and a Corporate Actions Analyst.

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, call (781) 224-3640, email inquiry@vestmark.com, or visit www.vestmark.com

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