Contact Information: Contact: Vestmark 781-224-3640
Adhesion Enhances Its WealthADV UMA Program Through Vestmark Partnership
| Quelle: Vestmark, Inc.
WAKEFIELD, MA--(Marketwire - February 2, 2009) - Vestmark, the leading technology innovator in
the managed account solutions market, today announced that Adhesion Wealth
Advisor Solutions has successfully implemented the Vestmark Managed
Accounts Platform (VMAP) as part of enhancements to its WealthADV Unified
Managed Account program for independent investment advisors.
"For us, the Vestmark platform is an ideal fit for our flexible approach to
the Independent Advisory market," according to Barrett Ayers, Managing
Director of Overlay Portfolio Management at Adhesion. "As Overlay
Managers, VMAP helps us manage portfolios and report at the manager/sleeve
level as well as the program level. This allows us to offer the most
robust, flexible and feature-rich UMA program in the industry today." The
WealthADV UMA program provides users with an open-architecture managed
account solution where advisors construct multi-manager composite
strategies and outsource the Overlay Management to Adhesion. Added Ayers,
"Other technology options paled in comparison with Vestmark's sophisticated
tax-aware, multi-sleeve rebalancing capabilities coupled with advanced
trading, cash handling, and dynamic rule-based workflow capabilities."
"Adhesion's WealthADV UMA program offers comprehensive
multi-manager/multi-strategy managed accounts, with sophisticated overlay
portfolio management services, independent of and portable across the
custodians an investment advisor utilizes," said Rob Klapprodt, President
of Vestmark Software. "This flexibility is critical and VMAP is unique in
the marketplace in providing this multi-custodian support combined with a
breadth of overlay portfolio management functionality. As a result of
coupling their proprietary technology and services with the Vestmark
platform, Adhesion's WealthADV innovative platform is very well positioned
to meet the needs of independent investment advisors and their clients."
About Adhesion
Adhesion has been delivering wealth advisor solutions since 1999. Its
WealthADV platform is a comprehensive Managed Investing service, providing
the complete unified managed account, client reporting and back office
solutions RIAs need to stay at the forefront of the market and grow
successful practices. For more information regarding WealthADV please visit
with us at www.WealthADV.com, or contact Rich Conley at
rich.conley@wealthadv.com or 888.295.8351 extension 1.
About Vestmark
Vestmark is a full service investment technology provider for investment
managers, overlay managers, sponsors, and operations outsourcing service
providers in the managed accounts industry. Vestmark's solution enables
greater product innovation, increased operational efficiency, and
compliance for its customers. The Vestmark Managed Accounts Platform (VMAP)
is a modern, web-based platform providing complete functionality and
connectivity to support the innovation in managed account products and the
growth of the managed accounts industry. Vestmark is headquartered in
Wakefield, Massachusetts with offices in Oakland, California; Cambridge,
Massachusetts; and Jersey City, New Jersey. For more information about
Vestmark's managed accounts platform solutions, please call 781-224-3640,
email info@vestmark.com, or visit www.vestmark.com.