Vestmark provides Federated Investors, Inc. with solution for distribution of Fixed Income Managed Accounts through Banks and Trust Companies
Wakefield, MA -
March 11, 2009 - Vestmark, the leading innovator in the managed accounts technology market, today announced that Federated Investors, Inc. (Federated) has successfully implemented the Vestmark Managed Accounts Platform (VMAP) to support distribution of Federated fixed income managed account strategies through banks and trust companies.
"Vestmark provides the functionality necessary to effectively support our fixed income strategies. They have demonstrated a deep understanding of integrating our financial systems with those used by our bank partners," said Bud Person, director of national sales of Federated's Wealth Management and Capital Markets division. "Establishing the connectivity to distribute Federated's fixed income solutions is groundbreaking. This capability will enable Federated to offer the investment solutions that are desired by banks and trust companies."
"For decades, Federated has been a respected and successful provider of investment management expertise to their bank partners," said Rob Klapprodt, President of Vestmark Software. "Vestmark's deep fixed income modeling and trading capabilities has become a major differentiator for us in the marketplace. We are excited to be working with Federated to help them expand their relationships in the banking world, provide customized fixed income managed accounts, and efficiently grow Federated's assets under management."
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.
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