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About Vestmark
Industries
Enterprise Software
Fintech
Financial Services
Company Size
201-500
Company Stage
Series B
Total Funding
$39.2M
Headquarters
Wakefield, Massachusetts
Founded
2001
Overview
Vestmark provides portfolio management and trading software tailored for financial institutions like broker-dealers, investment managers, bank trusts, and financial advisors. Its main product, the VestmarkONE platform, simplifies the management of personalized, multi-asset portfolios by offering features such as portfolio construction, advanced trading, rebalancing, tax-sensitive trading, compliance, risk management, and automated reconciliation. This integration allows clients to enhance their operational efficiency and productivity. Unlike many competitors, Vestmark focuses on improving middle and back-office operations, enabling clients to concentrate on strategic goals and client interactions. The company's goal is to help financial institutions achieve better outcomes for their investors while driving growth and satisfaction through its software-as-a-service (SaaS) model.
Simplify's Take
What believers are saying
- Growing demand for personalized investment solutions boosts Vestmark's direct indexing offerings.
- AI and machine learning integration enhances Vestmark's platform with predictive analytics capabilities.
- Open banking trends allow Vestmark to improve platform interoperability and client experience.
What critics are saying
- Emerging fintech startups offer similar SaaS solutions at lower costs, threatening market share.
- Continuous platform updates may impact Vestmark's profit margins due to rapid tech advancements.
- Technical challenges in integrating PureFacts' billing platform could disrupt service delivery.
What makes Vestmark unique
- Vestmark's award-winning direct indexing solution sets it apart in personalized investment solutions.
- The VestmarkONE platform integrates portfolio management, trading, and compliance in a single solution.
- Partnerships with industry leaders like BlackRock enhance Vestmark's platform capabilities and market reach.
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Funding
Total Funding
$39.2M
Above
Industry Average
Funded Over
3 Rounds
Industry standards
Benefits
Medical, Dental, and Vision - Vestmark pays 90% of our employees’ medical and dental coverage which are administered through Blue Cross Blue Shield (BCBS) along with Eyemed for vision.
Vestmark 100% Paid Benefits - Vestmark is proud to offer maternity and parental leave, Life, Short-Term and Long Term Disability Benefits at no cost to the employee, and Employee Assistance Program and work-life benefits.
Generous PTO - Vestmark employees receive between 15 and 25 days per year of paid time off based on years of service in addition to receiving 10 days per year of paid sick leave.
Diversity - At Vestmark, we strive to create an inclusive workplace that fosters, embraces and celebrates diversity and fairness. We continue to build a comprehensive culture where all employees are Welcomed, Valued, Respected and Heard.
Flexible Spending Account (FSA) - Vestmark employees can contribute annually to health care and dependent care FSAs and participate in our employer-matched HSA program.
401(k) with Employer Matching - Vestmark will match the employee’s 401(k) and ROTH contribution up to 50% of the first 8% per pay period with a two-year vesting component.
Company Equity - Vestmark also offers additional compensation in the form of Restricted Stock Units (RSUs). Our RSUs are issued through a vesting and distribution schedule after achieving required milestones.
Match Charitable Contributions - Vestmark is very proud of our Charitable Giving Program. We will match up to $250 annually to an approved charity of our employee's choice.
Stay Fit - Exercise your mind and your body with our on-site gym located at our Wakefield, MA headquarters. If you can't take advantage of our corporate gym, our Blue Cross Blue Shield plan offers fitness reimbursement.
Pet Insurance - Employees may choose to enroll in pet insurance at a discounted rate.
Growth & Insights and Company News
6 month growth
↑ 0%1 year growth
↑ 0%2 year growth
↓ -1%Vestmark, Inc. is pleased to announce that Vestmark has named Freedom Dumlao the company's new Chief Technology Officer (CTO).
Vestmark announced a partnership with BlackRock meant to combine advanced portfolio management with tax management capabilities.
WAKEFIELD, Mass. - September 6, 2024 - Vestmark, Inc., a leading provider of wealth management software and services, has won the "Wealthies" award for Outstanding Achievement in Direct Indexing by Technology Providers at the 2024 WealthManagement.com Industry Awards.
Billing identified as key to wealth management firm growthPartnership to boost offerings that deploy best-in-class wealth technologyWAKEFIELD, Mass., June 11, 2024 /PRNewswire/ -- Vestmark, Inc., a leading provider of wealth management software and services, and PureFacts Financial Solutions, a global leader in revenue management, enterprise reporting, and insights solutions for the asset and wealth management sector, today announced a strategic partnership that will enhance billing solutions and enable nimbler, faster operations for leaders in the wealth management space.Vestmark, renowned for its core platform encompassing portfolio management, trading, and client reporting, has identified billing as a crucial component of its comprehensive offering. The partnership with PureFacts provides an integrated billing platform that supports various billing models, including AUM-based, account-based, hourly, retainers, and more. PureFacts Financial Solutions has established itself as a global leader in revenue management and billing, offering an AI-enriched, end-to-end revenue lifecycle process through its innovative PureFees platform."This partnership with PureFacts represents a necessary step in Vestmark's journey to provide a comprehensive, end-to-end solution for a wide range of firms in the wealth management space, including broker-dealers, RIAs, RIA aggregators, asset managers, and other service providers," said Karl Roessner, CEO of Vestmark. "We are extremely pleased to be partnering with a cutting-edge firm with a focus on fee billing excellence and scalability."PureFacts' enterprise billing platform is designed to scale, accommodating the diverse needs of different types of wealth and asset management firms. As part of a comprehensive suite of solutions available to financial advisors who leverage Vestmark's customized investment solutions, PureFacts' platform provides Vestmark clients the ability to track, measure, and optimize every dollar, bringing flexibility to support a wide range of business models, from small independent practices to regional broker-dealers and wealth managers and large national clients."We are excited to partner with Vestmark to bring our innovative billing solutions to the U.S. market to help their clients grow," said Robert Madej, CEO of PureFacts Financial Solutions
Vestmark Advisory Solutions Inc. makes new $273,000 investment in Oracle Co. (NYSE:ORCL).
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About Vestmark
Industries
Enterprise Software
Fintech
Financial Services
Company Size
201-500
Company Stage
Series B
Total Funding
$39.2M
Headquarters
Wakefield, Massachusetts
Founded
2001
Vestmark is Hiring for 0 Jobs on Simplify!
Find jobs on Simplify and start your career today