WAKEFIELD, Mass., May 14, 2019 /PRNewswire/ -- Adhesion Wealth®(Adhesion), a Vestmark Company, today announced that nearly 500 sub-advised strategies (a collection previously only offered through the Adhesion Manager eXchange) can now be accessed by financial advisors through Oranj's wealth management platform.
Advisors utilizing Oranj's model marketplace can now leverage the experience of an external manager to allocate client assets to one or multiple sub-advised strategies in a single technology platform through a process as simple as setting up a dual-contract separately managed account (SMA). As part of the strategic relationship, previously announced in November 2018, Adhesion will perform overlay services including trading, rebalancing and related implementation services on the models selected by Oranj advisors for their clients' portfolios, which can include both ETF strategist models currently and traditional equity strategies within a Unified Managed Account (UMA) format later this year.
"By extending the Adhesion Manager eXchange to advisors using the Oranj platform, we can empower them to revitalize and differentiate their practice by outsourcing security selection and portfolio construction to industry-leading, institutional-caliber asset managers," said Barrett Ayers President of Adhesion Wealth. "At the same time, a solution such as this can empower advisors to spend more time with clients, develop business, sharpen financial planning, behavioral coaching, and other value-building activities—giving them a highly differentiated, competitive edge over the advisor down the street."
Oranj has seen success with their rapidly growing platform. Since the beginning of 2018, Oranj has seen a 25x increase in advisor signups over the previous year—demonstrating that advisors are seeking cost-effective technology solutions to help ease fee compression and rising operational costs.
"We consistently look to partner with organizations offering innovative solutions and access to reputable managers without increasing an advisor's cost of doing business," said David Lyon, Founder and CEO of Oranj. "Adhesion and Vestmark are ideal partners because they provide seamless access to hundreds of managers and work with us and our clients to incorporate managed strategies into portfolios."
A live webinar demonstrating the new integration will take place on May 21, 2019 at 4 p.m. ET—to sign up, click here.
Oranj has reimagined financial advisors' technology so they can spend less time managing and more time advising. Oranj simplifies advisor technology without sacrificing sophistication by offering an end-to-end solution for investment management, rebalancing, trading, online onboarding and a client portal—all with award-winning account aggregation at its core. For more information about Oranj and its free wealth management platform, please visit www.runoranj.com or follow @runoranjdotcom on Twitter.
Impact Communications for Oranj
Jessica Taylor Shores
About Adhesion Wealth:
Adhesion Wealth® enables advisors to easily provide separately managed account (SMA) and unified managed account (UMA) portfolios to investors. The Adhesion Wealth UMA/SMA chassis empowers advisors to bring highly-scalable, flexible, and customized wealth management solutions designed to enable them to deliver better investor outcomes.
Adhesion Wealth® is a wholly-owned subsidiary of Vestmark, Inc. Vestmark enables financial institutions and advisors to efficiently manage and trade their clients' portfolios through an innovative software as a service (SaaS) platform, VestmarkONE®. For more information, call (888) 295-8351 or visit www.adhesionwealth.com.
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Headquartered outside of Boston, MA and founded in 2001, Vestmark is a leading provider of portfolio management/trading solutions and outsourced services for financial institutions and their advisors, enabling them to efficiently manage and trade customized client portfolios through an innovative SaaS platform. Supporting over $1.4 trillion in assets and 4.5 million accounts, Vestmark is a trusted partner to some of the largest and most respected wealth management firms. For more information about Vestmark’s solutions, call (781) 224-3640, email firstname.lastname@example.org, or visit www.vestmark.com.
JConnelly for Vestmark