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Over 500,000 Accounts Now Managed on VestmarkNew Clients and Existing Customer Growth Pushes the Accounts on the Vestmark Platform over the Half Million MarkWakefield, MA - August 27, 2009 - Vestmark today announced continued momentum in the Managed Accounts Solutions market with over 500,000 accounts now managed on the Vestmark Platform. This account growth comes from new clients converting to the Vestmark Platform as well as from new account flows with existing clients. "Despite the challenging market conditions of the last year, utilization of Vestmark across our client base has continued to grow," said John Lunny, CEO of Vestmark. "This growth has come across the various market segments we serve, including asset managers, broker dealers, bank trusts, independent RIAs, and outsourcing providers." The Money Management Institute, the national organization for the Managed Account Solutions industry, recently announced that assets under management in managed account solutions stand just under $1.2 trillion as of March 31, 2009. About Vestmark Vestmark provides the most comprehensive, real time technology platform for integrating portfolio management and back office functions to dramatically improve trading and operational efficiency for investment mangers, RIAs, Broker-Dealers, bank trusts and other financial firms. Leveraging our simple to implement, easy to use solution, Vestmark's experienced team works closely with you to implement tailored solutions for your business, incorporating best practices that enhance revenues, increase scalability and reduce compliance risk. For more information about Vestmark's solutions, please call 781-224-3640 or email inquiry@vestmark.com. back |
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