Vestmark

Vestmark

Portfolio management and trading software solutions

About

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.

Company Stage

Series B

Employees

201-500

Industries

Enterprise Software, Fintech, Financial Services

Total Funding

$39.2M

Headquarters

Wakefield, Massachusetts

Founded

2001


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Simplify's Take

What believers are saying

  • Growing demand for personalized investment solutions boosts Vestmark's direct indexing services.
  • AI integration in financial services aligns with Vestmark's innovative technology focus.
  • The shift to remote work increases demand for Vestmark's cloud-based SaaS offerings.

What critics are saying

  • Emerging fintech startups offer similar SaaS solutions at lower costs.
  • Economic downturns may reduce financial institutions' technology investments, impacting revenue.
  • Over-reliance on the BlackRock partnership could pose risks if dynamics change.

What makes Vestmark unique

  • Vestmark's SaaS model ensures continuous updates and improvements for clients.
  • The VestmarkONE platform integrates portfolio management, trading, and compliance in one solution.
  • Partnerships with firms like BlackRock enhance Vestmark's portfolio management capabilities.

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Growth & Insights
Headcount

6 month growth

1%

1 year growth

-2%

2 year growth

7%

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.

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