Bank Trusts
Your clients might be the toughest in the industry to please. Their diverse needs and high expectations demand that you operate to a higher
standard while continually developing new solutions. They chose you because you are the best – we can make you even better.
Imagine what you and your team could do with a platform where you:
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incorporate the expertise of your trust officers and investment teams with 3rd party money management |
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significantly improve trading accuracy, timeliness and efficiency |
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avoid compliance issues pre-trade with automated, exception based rules that alert managers |
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had ongoing documentation and audit trails to demonstrate Regulation 9 compliance |
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dramatically reduce your operational costs |
Right, you would operate more simply, nimbly and swiftly on a comprehensive platform worthy of your clients and your business.
VestmarkONE can help you retain and attract client assets by providing you with access to 3rd party managers you may currently be
competing against. And the open architecture nature of VestmarkONE allows you to fully leverage your trust officers and central investment team.
Asset allocation, manager selection, security selection, and trading can individually be performed by the trust officer, a central investment or
trading team, or 3rd investment managers of your choosing – VestmarkONE allows you to define the investment process most suitable to your
business and approach to client and portfolio management.
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As a technology platform, VestmarkONE provides an
environment to efficiently communicate with 3rd party managers of your choosing. Because we are technology provider, Vestmark does not have any
conflicting interests in the managers you utilize. We also do not control the contractual relationship and economics between you and your managers.
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Depending on the investment management abilities
of your trust officers, you can allow them to participate more or less actively in asset allocation, manager selection, stock selection and trading.
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VestmarkONE supports all models-based programs enabling banks the flexibility to
customize their manager relationships while retaining complete control over client accounts.
VestmarkONE's real-time platform with integrated account monitoring, trade generation and trade order management capabilities streamlines the trading process.
VestmarkONE allows traders to manage by exception based on configurable rules, ensuring no accounts slip through the cracks.
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Believe it or not, other solutions generate trades based on previous day
security prices and positions. Trading on stale information can result in unintended trades that diminish portfolio returns or cause trading errors.
Vestmark views this as an unacceptable practice in the 21st century, especially in volatile markets. VestmarkONE is inherently real-time and generates trades
based on intraday prices and also factors in corporate actions on trade date (e.g., corporate actions that post at start of day).
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If alpha can be gained on the trading desk or an outside manager otherwise
requires trading control, Vestmark offers a web-based portal for 3rd party managers to generate and execute trades.
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VestmarkONE has streamlined the tax harvesting process with automatic wash
sale avoidance and automated buy back alerts.
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Integrated Reconciliation and Workflow prevents trading on accounts that are unreconciled or in an
untradeable state, avoiding potentially costly trade errors. Transaction and tax lot reconciliation ensures that tax-aware trading decisions are
consistent with tax lot information in the system of record.
With legacy systems, it's a not question of
if a trade or data error will occur, it's a question of
when. But with state of the art surveillance
and pre-trade compliance tools built into the Vestmark platform, you are instantly compliant with today's standards, avoid costly errors, operate more efficiently,
and you already have a configurable solution for many new standards expected in the coming years.
VestmarkONE makes you compliant today with TARP, GIPS, and GLB standards – even those not required yet! Vestmark achieves this with innovative solutions such as:
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Graphical "Heatmaps" and Account Alerts highlight accounts needing attention, saving time from running,
printing and reviewing stacks of reports.
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Oversight and transparency ensures your operation is doing the right thing... with the audit trail to prove it.
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Maintain data in isolated environments that eliminate the commingling of data.
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Complete audit trail of trading information including time stamps.
VestmarkONE offers managers an undeniable Return On
Investment, or as we think of it, Return On
Investment Technology.
VestmarkONE has been proven to increase the number of accounts managed per FTE by 300% over legacy solutions and enables significant reduction of operational
cost that allows you to grow your business without adding to your headcount.
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Integrated Business Process Management and Account Lifecycles streamline your operational
flow between functional groups.
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Vestmark has experience with integrating with major trust accounting systems
and dealing with settlement date recordkeeping, and principle and income accounting.
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Powerful yet intuitive web-based user interface is easy to learn so new users can get up to speed
quickly in days rather than weeks or months.
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No more printing reports! VestmarkONE's rules-based reconciliation
greatly improves the productivity of your reconciliation team. And unlike legacy systems that require piles of reports to support your reconciliation process,
VestmarkONE's Reconciliation Console enables you to review, research, and correct breaks individually and in bulk efficiently through a web-based console.
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Set rules that define which transactions are automatically posted and which breaks are automatically corrected.
