Vestmark, Inc., a provider of wealth management software and services, has announced a strategic relationship with Fidelity Investments. This collaboration aims to provide eligible advisors of RIAs and broker-dealers with access to an open-architecture custom model portfolio platform.
The Vestmark platform will enable eligible RIAs and broker-dealers to create and manage custom model portfolios that can integrate semi-liquid interval funds, Separately Managed Accounts (SMAs), Exchange Traded Funds (ETFs), and mutual funds. These diverse asset classes can be included within a single portfolio and custodial account. Fidelity will offer the Vestmark platform at no cost to certain participating firms.
Karl Roessner, CEO of Vestmark, stated, “We are excited to work with Fidelity to provide advisors with access to custom model portfolios that support personalized investment solutions and leverage Vestmark’s robust tax-optimization capabilities to help meet their clients’ unique needs.”
Amanda Robinson, head of Wealth Advisory Managed Solutions Specialist Distribution at Fidelity Investments, added, “With growing demand from advisors for more tailored investment strategies, Fidelity continues to lead in scalable customization and advanced portfolio construction. Through this strategic relationship with Vestmark, we’re excited to expand access to open-architecture custom model portfolios for RIAs and broker-dealers, including semi-liquid alternative investment products. These solutions are fully integrated with Vestmark’s platform and supported by Fidelity’s unique institutional research and investment expertise.”
Vestmark’s platform supports intelligent tax and overlay management across Unified Managed Accounts (UMAs), optimizing and rebalancing across both public and private holdings. Advisors can define personalized capital gains budgets and seamlessly transition accounts with embedded gains, extending sophisticated, integrated tax management to a broader range of clients.
Vestmark has provided portfolio management solutions and outsourced services for financial institutions and their advisors for over two decades. The company supports more than $1.7 trillion in assets and 4.5 million accounts.
Fidelity Investments is an independent company, unaffiliated with Vestmark, and serves as a service provider to Vestmark. No legal partnership, agency affiliation, or similar relationship is implied or created between the two entities by this information.
