Financial Technology

Vestmark Surpasses $1 Trillion in Assets

The wealth management platform has grown quickly in the less than two decades since its founding.

Founded in 2001, Vestmark has surpassed the $1 trillion mark in assets under management on its VestmarkONE platform, the company announced. The platform has over 3.4 million accounts, servicing broker/dealers, registered investment advisors, bank-trusts and asset managers.

CEO John Lunny attributed company growth to the trust clients have in the platform, along with an increased number of solutions. “We’re proud of our success and look forward to developing new opportunities for growth in the years to come,” he added.

A recent update to the platform allows advisors to implement a more robust options strategy.

The firm has VC backing, including backing from Vestigo Ventures, having raised $11.6 million in equity funding less than a year ago.

 

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