Headquartered outside of Boston, MA and founded in 2001, Vestmark is a leading provider of portfolio management/trading solutions and outsourced services for financial institutions and their advisors, enabling them to efficiently manage and trade customized client portfolios through an innovative SaaS platform. Supporting over $1 trillion in assets and 4 million accounts, Vestmark is a trusted partner to some of the largest and most respected wealth management firms.
Lonnie Macdonald
Chief Marketing Officer
Award Category
Technology Providers: Chief Marketing Officer of the Year
Nominee
Lonnie Macdonald, Chief Marketing Officer, Vestmark
Lon was instrumental in Vestmark’s redirection from an engineering-centered organization to a client-focused one, best demonstrated by the acquisition of Adhesion Wealth, enabling the firm to establish a foothold in the growing RIA marketplace and bring capabilities to enterprise market segments. Lon led the initiative to revamp Vestmark’s and Adhesion Wealth’s websites to better reflect the company’s customer-centric branding efforts and better speak about how Vestmark/Adhesion can help solve business challenges. “We are in the software business, and also in the people business…our websites have been completely redesigned to speak that language and demonstrate that understanding,” Lon said.
Heeren Pathak
Chief Technology Officer
Award Category
Technology Providers: Chief Technology Officer of the Year
Nominee
Heeren Pathak, Chief Technology Officer, Vestmark
Heeren was awarded a patent for enhancements to trade processing enabling clients to efficiently rotate, route, and track all trades, at scale. The enhancements will improve trade order automation, eliminate manual workflows, ensuring regular rotations of account trades, reducing resources required, and ensuring adherence to best execution. Heeren oversaw innovations to VestmarkONE creating opportunities for client cost, resource, time savings. These include portfolio construction/management/rebalancing workflows, saving time for firms/advisors (ability to better pinpoint accounts/models needing rebalance/trades), improving delivery of sophisticated portfolio strategies (enhanced options capabilities), and new tools for recon and surveillance that create time savings for home office teams.
John Lunny
Chief Executive Officer
Award Category
Technology Providers: Unified (all-in-one) Systems
Initiative
VestmarkONE
The VestmarkONE® platform solution enables wealth management organizations to deliver advice by simplifying and scaling the construction and management of highly-tailored, tax-efficient portfolios – from profiling risk tolerance , generating proposals, onboarding clients, managing and monitoring portfolios, to reporting and reviewing performance and results. Key new initiatives were aimed at delivering advice in a more scalable, efficient and tailored way, to facilitate better investor outcomes:
- Tools to improve scale/efficiency in the portfolio management process for advisors and home offices, as well streamline compliance and operational workflows
- Award of a U.S. patent for enhancements to automated trade processing enabling clients to efficiently rotate, route, and track all trades, at scale.
- Partnership with Redi2, providing integrated access to a scalable and flexible billing tool
Resources
WHITE PAPER
The Future-Proof Firm: Navigating Broker-Dealer Trends
Broker-dealers are pulled by two distinct but equally important forces: A commitment to deliver performance for investors today and the need to be ready for the change that will come tomorrow.
WHITE PAPER
The False Choice in Portfolio Construction, Building Blocks and the Advisory Solution of the Future
Does an advisor’s primary value proposition involve constructing and managing bespoke portfolios – or is it about financial planning and behavioral coaching? Get the best of both worlds. Read our latest whitepaper to understand how the right technology can help you offer your Advisors the ability to do more for their clients without sacrificing personalization and scale.
WHITE PAPER
A Bank Wealth Management Executive’s Guide to Platform Technology Strategy in the 2020’s
Technology users across banks communicate this common theme: to compete and be efficient we need a single source of truth, streamlined processes and a modern client experience – but legacy technology platforms don’t allow for this.