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Vestmark Launches Model Trading ServiceNew outsourced model management, trading and rebalancing service offers turnkey solution to make Broker Dealer firms, RIAs and Banks more efficient. Resulting productivity gains generate hard-dollar savings and allow firms to re-deploy resources toward revenue-producing activities. WAKEFIELD, Mass., May 30, 2018 (GLOBE NEWSWIRE) -- Vestmark, the leading provider of portfolio management software and services, today announced the launch of its Model Trading Service (MTS): model management, trading, rebalancing and account administration outsourcing for Broker-Dealers, RIAs, Banks and their advisors. Offered through Vestmark Advisory Solutions, (VAS), a wholly-owned, RIA subsidiary of Vestmark Inc., the MTS drives productivity and efficiency of trading home office-created, third-party and advisor-defined models, as either single sleeve accounts (SMAs) as well as multi-sleeve, unified managed accounts (UMAs). This service handles the burden of maintaining client portfolios in line with their respective investment models and allocation targets set by the advisor. By leveraging the VestmarkONE Portfolio Management platform and its flexible ‘model building block’ technology, the Vestmark MTS provides sophisticated account implementation without the overhead associated with in-house trading, rebalancing, tax-management and ongoing account administration. Specifically, the Vestmark Model Trading Service:
According to Cerulli Associates, “Relying on models and outsourcing model portfolios makes it easier for advisors to streamline their practices and emphasize client management and business development.” Additional information on the Model Trading Service can be found on Vestmark’s website here. About Vestmark: Vestmark enables financial advisors and institutions to efficiently manage and trade their clients’ portfolios through an innovative SaaS platform. With over 850 billion in assets and 2.5 million accounts, we are a trusted partner to some of the largest and most respected players across the wealth management industry. The Vestmark Manager Marketplace® is a service provided by Vestmark Advisory Solutions, Inc., a registered investment advisor and wholly owned subsidiary of Vestmark. For more information about Vestmark's solutions, call (781) 224-3640, email [email protected], or visit www.vestmark.com. |