Press Release

Vestmark Launches Business Process Outsourcing Service

Wakefield, MA October 15, 2013 - Vestmark, a leading innovator of advisory solutions and wealth management technology, today announced the general availability of its Business Process Outsourcing (BPO) service. This new service will allow firms to flexibly outsource middle- and back-office operational functions to Vestmark, enabling firms to focus on their core competencies and business needs. 

Vestmark BPO provides middle- and back-office administrative and operational services to support the VestmarkONE wealth management platform on behalf of Vestmark's clients. The service, which is launching with 12 clients, is led by industry veteran Steve Camp, who joined Vestmark in conjunction with Vestmark's acquisition of the SMA outsourcing group within UMB, which closed earlier this year. 

"We have a broad and flexible array of services available, which allows clients to outsource as much or as little of their investment operations as required," said Steve Camp, Senior Vice President of Vestmark BPO. "Vestmark BPO can manage all middle- and back-office functions, including account inceptions, ongoing client requests, reconciliation, corporate actions, performance measurement, and other operational functions. We also offer outsourced trade order management services based on portfolio models provided by clients."

Leveraging the VestmarkONE wealth management platform, available Vestmark BPO services include:


  • Account Inception Document Management Archiving 
  • Ongoing Account Maintenance and Administration
  • Reconciliation with all sponsor/custodial platforms
  • Trade Order Routing
  • Order Generation
  • Post-trade Settlement
  • Corporate Action Processing
  • Performance Measurement
  • Composite Management
  • Client Reporting and Fulfillment
  • Billing and Invoice Generation

"As a Software as a Service provider, Vestmark has been performing various technical and operational services for over a decade," said John Lunny, CEO of Vestmark. "With BPO, we are expanding the roster of services that are available to clients. The wealth management industry is growing rapidly, and as firms assess their core competencies in order to compete in this industry, Vestmark is now in a position to handle the middle- and back-office advisory operations that firms may not wish to conduct themselves. 

To learn more about VestmarkONE Advisor, please click here.  

About Vestmark 

Vestmark provides VestmarkONE, a unified wealth management platform offering comprehensive, real-time technology that enables broker-dealers, investment managers, RIAs, bank trusts, and other financial firms to deliver holistic wealth management and a full range of advisory solutions. Vestmark's experienced team works closely with clients to implement tailored solutions incorporating best practices that help firms gather more assets, increase efficiencies and minimize operating risks. For more information about Vestmark's solutions, please call (781) 224-3640, email inquiry@vestmark.com, or visit www.vestmark.com.

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