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The Vestmark Managed Accounts Platform enables sponsors, asset managers and service providers to profitably deliver Managed Account products and services. This is done by addressing the operational and distribution challenges of providing Managed Accounts products and services.

Communication between Managers and Sponsors:
Vestmark provides a range of integration capabilities to automate data and message flows between investment managers, sponsors and service providers. Our techniques require no systems enhancements or modifications - we will work with existing systems, such as mainframe-based wrap trading systems, to automate data and message flows between managers and sponsors.
Additionally, Vestmark is a member of the Money Management Institute (MMI) and fully supports the data and process specifications published by the MMI.

Account Opening and Administration:
Vestmark has an automated account opening process for accessing, reviewing and creating new managed accounts. The core process is based on the MMI new account opening process but can be tailored to a particular manager, sponsor or product. As part of the account opening process (and all processes managed by Vestmark), any exceptions which arise are routed to the appropriate person(s) for expedited resolution. Exception notifications can be sent via email and are available also through a real-time task list which Vestmark maintains for each end user of the platform.

Portfolio Manufacturing:
Vestmark provides sophisticated portfolio manufacturing capabilities to efficiently implement investment decisions across thousands of accounts. Client and account specific considerations such as restrictions, value, tax status and cash flows are automatically factored into portfolio manufacturing processes.

Monitor - Visually track thousands of accounts in real-time. Analyze activity, performance, value, cash-balance and dispersion. Sort by sponsor, portfolio type and much more. Focus instantly on accounts that require your urgent attention.
Rebalance - Apply model decisions to individual accounts based on cash flows, restrictions, value and tax sensitivity. Proactively manage account divergence while minimizing account turnover.
Trade - Preview impact of recommended trades and make adjustments before execution. Route trades across thousands of accounts and multiple sponsors. Support for step-outs and trade-aways. Measure trade execution performance and trade-away as necessary.
Tax Optimization - Identify optimal tax lots efficiently and easily. Specify dollar amount to realize gains or losses.
Overlay Portfolio Management - Manage multi-strategy asset allocation targets and monitor asset allocation or strategic account drift. Track sleeve-level holdings, performance and drift. Avoid wash-sales across multiple sleeves.

Reconciliation:
Vestmark reconciles account positions and transactions to sponsor and custody record keeping systems. When comparing settlement-date accounting systems to trade-date accounting systems, Vestmark maintains multiple buckets for cash and security positions to accurately identify true breaks, and filters-out reconciliation breaks due to trades and corporate actions being posted at different times.

Reporting and Performance Measurement:
Vestmark provides a series of management, operations and quality control reports, as well as client-level performance reports and AIMR-compliant composites.

Management reports span all products and sponsor relationships, providing immediate answers to questions such as:

How many accounts were opened last month across all sponsors?
How many accounts were closed?
What were net asset flows last month, last quarter or last year, and are the flows increasing or decreasing over time?
Who are the top financial advisors in terms of accounts or assets?
What is the top selling product?
How many accounts are below the required minimum?
What were the investment returns for a particular product and for all the accounts tracking that product?

Operations and quality control reports allow back office administrators to track new account opening requests, the status of trades, outstanding exceptions, and any account outliers (for example, by performance or cash level). In addition, Vestmark maintains an audit trail of all account activity.

Vestmark also provides account- and product-level performance, including AIMR-compliant composites. As part of this, account-level performance drift is calculated along with a series of "drift factors" for assisting in determining the cause of account drift.

Reports are web-based and delivered through an interactive environment which allows users to drill-down to detailed information, run new reports, generate graphs, generate PDF documents, and download data to a spreadsheet. Reports are generated from an open, relational data warehouse which can serve as an integration point with other enterprise reporting systems.