Vestmark Wins Award for Financial and Investment Innovation at 2023 ThinkAdvisor LUMINARIES

Vestmark Recognized for Disruptive Solution VAST™, and Democratizing Access to Personalized Investment Solutions at Third Annual ThinkAdvisor LUMINARIES Dinner

WAKEFIELD, Mass. – November 30, 2023 – Vestmark, Inc., a leading provider of wealth management software and services, won the 2023 ThinkAdvisor LUMINARIES Award for Financial and Investment Innovation, in its category, Fintech/TAMP Platforms. The award recognizes compelling initiatives from firms in the area of “new products that meet advisor and investor needs, while delivering efficiency and competitive advantages to industry players via new platforms and other tools.”

A judging panel of industry leaders selected Vestmark’s new solution, VAST™, from a field of 28 finalists at the forefront of fintech innovation. VAST allows advisors to tailor diversified portfolios to each client's unique investment preferences and tax circumstances, including the incorporation of direct indexing into their offerings. By considering indices, SMA managers, ETFs and mutual funds together in a single offering that is managed for tax efficiency, the technology can optimize the tax impact across the whole portfolio. VAST is built on VestmarkONE®, the platform from Vestmark that has been supporting industry-leading managed account programs including UMA, and advisor-managed portfolios with scalable personalization, tax management and direct indexing for more than 20 years.

“VAST is not just direct indexing, it’s a new portfolio management tool and a way for advisors to offer customized solutions at a large scale,” said Vestmark CEO Karl Roessner. “With VAST, advisors have more time to dedicate toward holistic wealth management. We are incredibly proud of what we do, and how we do it, across the firm as we serve advisors who work tirelessly to deliver value to their investor-clients. I also offer my congratulations to the other winners at the ThinkAdvisor LUMINARIES, held in New York City this Tuesday.”

Vestmark VAST is an innovative and disruptive solution for the U.S. wealth management landscape that’s challenging the status quo through its differentiated approach to portfolio management and tax optimization. VAST was designed for Independent advisors but can be flexibly deployed to enterprise wealth and asset management clients, to enable unique portfolio solutions based on their own product design principles.

This year’s award program included hundreds of entries. Financial and Investment Innovation is a new category introduced by the program this year. To see the full list of 2023 ThinkAdvisor LUMINARIES Award winners, please visit:

*A panel of independent judges made up of top names in the industry determined the winners. The best in each category were selected based on quantitative measures of their initiatives—such as scope, scale, adoption and feature set—along with qualitative measures, such as innovation, creativity and new methods of delivery, over the past 12 months ended April 2023. Vestmark VAST was awarded first place in the Financial & Investment Innovation for Fintech/TAMP Platforms Category. It was ranked against 28 finalists and Vestmark did not pay to be considered for the award.

There is no assurance that investment products based upon indices will accurately track index performance or provide positive investment returns. Inclusion of a security within an index is not a recommendation by VAS to buy, sell, or hold such security, nor is it considered to be investment advice. Investment strategies that seek to enhance after-tax performance may be unable to fully realize strategic gains or harvest losses. Tax-loss harvesting involves the risks that the new investment could perform worse than the original investment and that transaction costs could offset the tax benefit.

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