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Articles tagged "Vestmark"


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Barrett Ayers: 'Joining AssetMark allows us to ... advance our investments in new capabilities.'

Vestmark sells Adhesion to AssetMark after quickly (nearly) tripling the 'RIA' unit's AUM, but AssetMark will plow cash into an upgrade

The Concord, Calif. company announced the deal for the Charlotte, N.C., UMA provider and direct-indexing vendor amid sinking markets.

June 15, 2022 at 12:40 AM

Freddy Martino says Vanguard axing of crypto fund access relates to 'honing core priorities.'

RIABiz Skinny: Vanguard purges a last vestige of crypto from its platform • Onramp raises cash lifeline after CEO kerfuffle • Max Schatzow questions whether Cathie Wood gets SEC hall pass • Schwab shares correct on earnings then get re-walloped 'sorting'

Malvern, Pa. giant does opposite of hedge crypto • Onramp lives on despite Tyrone Ross off ramp • RIA blogger sees SEC double standard • Schwab's revenues and 'sorting' have Wall Street out of sorts.

April 23, 2022 at 1:44 AM

Barrett Ayers: Adhesion may increase its headcount by a further 40% in the coming year, a pace of hiring  that will continue for the 'foreseeable future.'

Vestmark credits a 'tip-off' and an unlikely rocket propellant -- advertising spend -- for Adhesion's 68% asset jump in first-year under its wing

When the Wakefield, Mass., TAMP bought Adhesion in 2018, its execs cited its 'be-like-Envestnet' mindset for growing RIA marketshare

April 7, 2020 at 12:58 AM

Lon Macdonald: Of course we’re competing with Envestnet … we see an opportunity there. The RIA marketplace hasn’t been well penetrated by anybody, us or Envestnet … [and] I don’t think the level of satisfaction around their service has been what they would want it to be.

Vestmark calls out Envestnet as it makes 'easy-button' purchase of a $3.3-billion RIA asset magnet with hopes for a spot alongside the Chicago giant -- and Orion and SS&C

The $1-trillion SMA clearinghouse gets an outsourcer to the notoriously in-house RIA market in Adhesion encouraging a new swagger against market leaders

October 23, 2018 at 9:02 PM

Vince Pellegrini: [If] $1 trillion in assets and 3.4 million accounts on an innovative SaaS platform [is legacy] I'm good with that label.

Oisin's Bits: DriveWealth is newest RIA custodian with VC money and an Apex mindset; Vestmark hits $1 trillion and promptly gives RIAs means to crank out push-button hedging across accounts

$33 million in VC funds goes to up-start RIA robo custodian; no sooner does Vestmark hit $1 trillion than it pushes out software to help RIAs do omnibus hedging of positions

October 1, 2018 at 9:53 PM

Rob Klapprodt: “We are [now] at the front end of a more aggressive push into the independent RIA channel.
March 12, 2018 at 7:53 PM

Rob Klapprodt: "We really pride ourselves on not limiting how our clients do business."

Giant of the broker-dealer tech world takes aim at Advent

Vestmark tailors its platform for RIAs to take advantage of breakaway trends

March 9, 2011 at 3:21 PM

Mike Stier: I wasn’t crazy about having big banks for customers and we were getting unsolicited inquiries from RIAs.

Little-known Adhesion's big RIA wins less surprising when underlying pedigree is considered

Companies as diverse as First Union, Vestmark, Schwab, Goldman Sachs, [now] Accenture and Sciens Capital have fingerprints on this fast-riser

September 28, 2010 at 4:20 AM

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