Vestmark Partners With Invesco To Reach More RIAs

Advisors Using Invesco Model Portfolios Can Now Access Vestmark VAST Portfolio Management Service.
Karl Roessner, CEO, Vestmark
Karl Roessner, CEO, Vestmark

Vestmark on Tuesday announced a partnership with investment management firm Invesco that the wealthtech firm said will help RIAs gain more access to custom model portfolios and tax management services.

As part of the pact, RIAs using new and existing Invesco models can now access the Vestmark VAST portfolio management service, which provides personalization and tax management at scale, Vestmark said.

VAST, introduced last year, enables the creation of tailored, tax optimized portfolios that are aligned for each client’s personal situation, according to Vestmark. Vestmark’s tax transition service also “helps to ensure the tax-efficient transition of legacy positions from other accounts or firms,” the firm said.

“This partnership marks a significant step toward providing RIAs with innovative portfolio solutions, combining Invesco’s investment experience” with VAST, according to Karl Roessner, Vestmark CEO. “We are confident that this strategic partnership will be a game-changer in the RIA channel.”

Invesco’s custom model portfolios are backed by Invesco Investment Solutions and offer a multi-manager approach that is supported by ongoing marketing insights, helping ensure adaptability to evolving market conditions, Vestmark said in its announcement.

The Invesco portfolios offer investors multi-asset solutions that provide “diversification across investment managers and factors while maintaining cost-effectiveness,” according to Vestmark.

Vestmark now supports more than $1.5 trillion in assets and 5.5 million accounts, it said.

Jeff Berman, Contributing Editor & Reporter at Wealth Solutions Report, can be reached at jberman@wealthsolutionsreport.com.

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