Vestmark Receives Second US Patent for Innovative Trading and Reconciliation Solution

Wakefield, MA - September 30, 2013 - Vestmark, a leading provider of advisory solutions and wealth management technology, today announced that it was awarded a second US Patent for its automation of trade execution price detection, available through VestmarkONE, the firm’s unified wealth management platform.

US Patent 8,521,634 B1 "System and Method for Reconciling Financial Records by Matching Outstanding Trade Orders to Unmatched Transactions" describes a range of unique functionalities and capabilities invented by Vestmark to allow for efficient trade processing and streamlined reconciliation of trade orders, including:

• Accommodation of user-defined rules, detailing automation and correction of specific breaks
• Auto-acceptance of custodian values
• Automatic pairing of trade orders to unmatched transactions, including price detection for mutual fund orders
• Reconciliation of back-dated transactions
• Programmed matching of positions and transactions that have not yet settled

"As the assets held in customized fee-based accounts continue to grow exponentially, accurate and timely data for trading, performance measurement and client reporting is of utmost importance. Vestmark’s significant investment in research and design enables our customers to maintain streamlined reconciliation operations, improving the timeliness and precision of critical functions,” said Heeren Pathak, Chief Technology Officer of Vestmark.

About Vestmark

Headquartered in Wakefield, Mass. and founded in 2001, Vestmark is a leading provider of portfolio management solutions and outsourced services for financial institutions and their advisors, enabling them to efficiently manage customized client portfolios through an innovative technology platform. Supporting over $1.5 trillion in assets and 5.5 million accounts, Vestmark is a partner to some of the largest and most respected wealth management firms. For more information about Vestmark’s solutions, call (781) 224-3640 or visit www.vestmark.com.

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