January 25, 2015 6:18 PM ET

Internet Software and Services

Company Overview of Vestmark, Inc.

Company Overview

Vestmark, Inc. provides VestmarkONE, a wealth management platform that offers technology to enable broker dealers, investment managers, RIAs, bank trusts, and other financial firms to deliver wealth management and a range of advisory solutions. Its Custodial and Trading Network provides connectivity and automated processing with custodians and brokerage platform spanning various areas of connectivity, including account opening/administration, trade routing and execution, allocation processing, and reconciliation. The company also offers VestmarkONE Advisor, a solution that empowers financial advisors to manage fee-based advisory accounts and monitor their book of business in real-time; manag...

100 Quannapowitt Parkway

Suite 205

Wakefield, MA 01880

United States

Founded in 2001

Phone:

781-224-3640

Fax:

781-224-3641

Key Executives for Vestmark, Inc.

Chief Executive Officer and President of Vestmark Solutions
Chief Financial Officer
President of Vestmark Software
President of Managed Portfolio Advisors
Chief Architect and Chief Technology Officer
Compensation as of Fiscal Year 2014.

Vestmark, Inc. Key Developments

Vestmark Opens New Office Near Boston's South Station

Vestmark announced it has opened a new office near South Station in downtown Boston. The new office will allow the company to expand operations and attract talent from the robust engineering base in Boston.

Vestmark Appoints Mark Saunders as VP, Director of Operations of its Business Process Outsourcing

Vestmark announced industry veteran Mark Saunders as the VP, Director of Operations of Vestmark Business Process Outsourcing (BPO). In this new role, Mr. Saunders will be responsible for supporting the expansion of Vestmark's Jersey City-based BPO unit and executing initiatives to enhance the services provided to BPO clients. Mr. Saunders is a seasoned financial services manager with more than 15 years of experience in the industry. Prior to joining Vestmark, Mr. Saunders was VP of Wrap Operations at Goldman Sachs Asset Management, where he was responsible for daily reconciliation, account opening and servicing, composite performance maintenance, and account guidelines monitoring. During his time at Goldman Sachs, Mr. Saunders worked with IT and vendors to consolidate all GSAM managed SMA wrap accounts onto VestmarkONE. In addition to Goldman Sachs, Mr. Saunders has also held senior managerial positions with Hillman Capital Management and Envestnet.

Cambiar Investors Selects Vestmark Business Process Outsourcing Service to Support its Managed Accounts Initiatives

Vestmark announced Cambiar Investors has selected Vestmark Business Process Outsourcing (BPO) service to support the growth of its separately managed accounts business. The Vestmark BPO service is a business process 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, a unified wealth management platform offering comprehensive, real-time technology that enables a wide range of financial firms to deliver holistic wealth management and a full range of advisory solutions. Cambiar Investors is an investment management firm that manages portfolios for its clients across multiple asset classes including Large Cap, Small Cap, SMID, International and Global. Vestmark BPO will enhance Cambiar's operational efficiency across these strategies by automating many of the labor-intensive processes associated with managed account trading and administration, including compliance, account administration, reconciliation, and portfolio composite performance management. With Vestmark BPO performing these middle- and back-office functions, Cambiar can focus on portfolio management and trading across the distribution relationships that will be consolidated on VestmarkONE.

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