Vestmark Opens Boston AI Center to Build Wealth Tools for $2 Trillion Platform
Updated
Updated · Wealth Management · Jul 1
Vestmark Opens Boston AI Center to Build Wealth Tools for $2 Trillion Platform
3 articles · Updated · Wealth Management · Jul 1
Summary
Boston-based Vestmark opened its Center for AI Research and Development to create AI-enabled software for portfolio management, trading, tax optimization and advisor workflows.
The facility expands the firm's existing AI and R&D effort, giving engineering and product teams a dedicated hub to experiment, hire talent and bring new tools to market faster.
Vestmark has already stepped up AI investment by naming CTO Freedom Dumlao as chief AI officer and launching Vestmark Pulse, which monitors client portfolios and surfaces actionable insights inside existing workflows.
The push targets a large installed base: Vestmark says its platform supports more than $2 trillion in assets, 5 million investor accounts and over 72,000 financial advisors.