Vestmark VAST® to help deepen presence
among RIAs with custom model portfolios and tax management
services.
WAKEFIELD, Mass., Feb. 27,
2024 /PRNewswire/ -- Vestmark, Inc., a leading
provider of wealth management software and services, and Invesco
Ltd. (NYSE: IVZ), a leading global investment management firm,
today announced a partnership set to transform the Registered
Investment Advisor (RIA) channel. As of today, RIAs using new and
existing Invesco models will gain access to Vestmark VAST®, an
innovative solution providing personalization and tax management at
scale.
Karl Roessner, Chief Executive
Officer at Vestmark, welcomed the partnership, saying, "This
partnership marks a significant step toward providing RIAs with
innovative portfolio solutions, combining Invesco's investment
experience with Vestmark's breakthrough tax transition and tax
management service, VAST. We are confident that this strategic
partnership will be a game-changer in the RIA channel."
Vestmark VAST simplifies the creation of personalized
tax-optimized portfolios for financial advisors at scale. Designed
to meet advisors and clients where they are, VAST enables the
creation of tailored, tax optimized portfolios aligned to each
client's personal situation. Vestmark's tax transition service also
helps to ensure the tax-efficient transition of legacy positions
from other accounts or firms.
Backed by Invesco Investment Solutions and offering a
multi-manager approach, Invesco's custom model portfolios are
supported by ongoing marketing insights, helping ensure
adaptability to evolving market conditions. The portfolios provide
investors with multi-asset solutions, offering diversification
across investment managers and factors while maintaining
cost-effectiveness.
About Vestmark
Headquartered in Wakefield,
Mass. and founded in 2001, Vestmark is a leading provider of
portfolio management solutions and outsourced services for
financial institutions and their advisors, enabling them to
efficiently manage customized client portfolios through an
innovative technology platform. Supporting over $1.5 trillion in assets and 5.5 million accounts,
Vestmark is a partner to some of the largest and most respected
wealth management firms. For more information about Vestmark's
solutions, call (781) 224-3640 or visit www.vestmark.com.
Investment strategies that seek to enhance after-tax performance
may be unable to fully realize strategic gains or harvest
losses. There are limitations inherent in the use of an
optimization methodology to manage accounts relative to a
designated index; for instance, the optimization tools are not
designed to account for current market conditions and any
short-term market fluctuations. The optimization tools may seek to
estimate individual tax circumstances but cannot incorporate all
individual tax information, potentially leading to
inaccuracies.
Media Contact
Elizabeth Shim
Haven Tower Group
(424) 317-4861
eshim@haventower.com
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SOURCE Vestmark