Vestmark Advisory Solutions Tops $50 Billion AUM After 5-Fold Rise in 18 Months
Updated
Updated · InvestmentNews · Jun 18
Vestmark Advisory Solutions Tops $50 Billion AUM After 5-Fold Rise in 18 Months
2 articles · Updated · InvestmentNews · Jun 18
Summary
$50 billion in assets under management marks a new milestone for Vestmark Advisory Solutions, the firm's SEC-registered RIA, after assets grew fivefold in the past 18 months.
Vestmark tied the surge to rising demand from wealth firms for outsourced, tax-aware portfolio management, including direct indexing, tax transitions and access to a model marketplace with BlackRock, VanEck and T. Rowe Price among 200-plus managers.
Its VAST offering extends that pitch with active tax overlay and optimization across indices, SMAs, ETFs, fixed income and other securities inside a unified managed account structure.
The milestone comes as Vestmark accelerates its AI push, having launched Vestmark Pulse in May and named CTO Freedom Dumlao chief AI officer in April to unify compliance, optimization and automation.
At its 25th anniversary, Vestmark said its broader platform now supports six of the 10 largest managed account program providers, spanning more than $2 trillion in assets, 5 million accounts and over 72,000 advisors.