Vestmark And Pensionmark Announce Strategic Partnership

Firms To Deliver Suite Of Services And Solutions To Advisors And Clients
Karl Roessner, CEO, Vestmark
Karl Roessner, CEO, Vestmark
Janeesa Hollingshead, Contributing Editor, Wealth Solutions Report
Janeesa Hollingshead, Contributing Editor, Wealth Solutions Report

Vestmark, a provider of wealth management software and services, is collaborating with financial advisory firm Pensionmark, a division of World Insurance Associates, to create a digital wealth management platform.

The platform provides ongoing tax management capabilities and gives advisors access to separately managed accounts (SMAs), unified managed accounts (UMAs), curated investment options that are managed by the advisor and other solutions. Additionally, the partnership aims to help advisors transition assets to the Pensionmark platform.

“At Pensionmark, we seek to be premier partners to our advisors and take the back-office burden off their shoulders so they can focus on what they do best – serve their clients. In order for us to onboard that burden successfully and at scale, Pensionmark partners with leading technology providers. For wealth management, we are confident we found that in Vestmark,” said Pensionmark CIO Nate Garrison.

Nate Garrison, CIO, Pensionmark
Nate Garrison, CIO, Pensionmark

“We believe Vestmark offers some of the best trading and managed account technology in the industry, and that it is the best technology on which to build our new wealth platform, World MAP,” Garrison continued. “Not only does Vestmark offer a great set of solutions today, but it also has a thoughtful roadmap for the future, and we are excited to be a part of that.”

Vestmark supports over $1.5 trillion in assets and 5.5 million accounts, while Pensionmark’s nationwide network of advisors and staff manages thousands of retirement plans and wealth management clients. According to a recent announcement, the partnership seeks to offer a comprehensive suite of services to advisors and their clients using the platform.

“Pensionmark’s extensive expertise in the retirement space and commitment to the wealth management space, combined with Vestmark’s innovative technology platform VestmarkONE, and breakthrough outsourced portfolio management solution VAST, positions us to deliver front-line solutions to Pensionmark’s advisors,” said Vestmark CEO Karl Roessner. “This partnership represents our ongoing commitment to shaping the future of wealth management, empowering advisors to provide exceptional service and outcomes.”

Janeesa Hollingshead, Contributing Editor at Wealth Solutions Report, can be reached at editor@wealthsolutionsreport.com.

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