Vestmark announced that Vestmark Advisory Solutions has surpassed $50 billion in assets under management.
The milestone follows fivefold growth over the past 18 months and comes as Vestmark marks its 25th anniversary. The company said the growth reflects rising demand from wealth management firms seeking personalized, tax-aware portfolio management at scale.
Vestmark Advisory Solutions is Vestmark’s SEC-registered investment adviser subsidiary. Through the business, Vestmark helps firms expand their investment advisory capabilities with services including tax management, tax transitions, direct indexing, Model Marketplace access, and outsourced investment support.
Vestmark Advisory Solutions also offers VAST, the company’s tax overlay solution. VAST provides active tax overlay and optimization across indices, separately managed accounts, ETFs, fixed income, and other securities within a unified managed account structure.
Founded in 2001, Vestmark was created to offer a modern alternative for portfolio accounting, trading, and rebalancing. The company has since grown into a major wealth management technology platform serving financial institutions, managed account program providers, and advisors.
Vestmark currently supports more than $2 trillion in assets, more than five million investor accounts, and more than 72,000 financial advisors. The company also supports 6 of the 10 largest managed account program providers.
As it enters its next phase of growth, Vestmark is accelerating development of AI-enabled wealth management solutions and workflows. The company recently appointed Freedom Dumlao as Chief AI Officer, expanding his role as Chief Technology Officer.
Under Dumlao’s leadership, Vestmark launched Vestmark Pulse, an AI intelligence solution designed to continuously monitor client portfolios, surface timely insights, and enable efficient action within existing advisor workflows.
Vestmark said its AI efforts build on the company’s long-standing platform foundation, trusted data, established workflows, and controls used by wealth management firms.
The company said the $50 billion milestone highlights both the growth of its advisory services and its continued focus on innovation across portfolio management, tax optimization, direct indexing, and AI-enabled wealth technology.
KEY QUOTES:
“Surpassing $50 billion in assets under management through VAS reflects both the strength of our platform and the trust our clients continue to place in Vestmark. Over the past 25 years, Vestmark has nurtured a culture of innovation that has led to groundbreaking solutions, from our enterprise UMA capabilities to our newest AI-enabled offerings. As we look ahead, we remain focused on listening to our clients, investing in our technology and teams, and supporting wealth managers in their mission to operate more efficiently and serve the individuals and institutions who rely on them for sound financial guidance.”
Karl Roessner, Chief Executive Officer at Vestmark
“The question is not whether AI belongs in wealth management. The question is where it can be used responsibly to help firms make better decisions. The real value comes when AI is connected to trusted data, established workflows and the controls firms already rely on. That is the foundation Vestmark has spent 25 years building, and it is what enables solutions like Pulse to help wealth managers identify what needs attention and act with greater consistency across client portfolios.”
Freedom Dumlao, Chief AI Officer and Chief Technology Officer at Vestmark
“While technology has always been at the center of what we do, our success has ultimately been built on relationships. We are grateful to the clients, partners, and employees who have been part of our journey. Their trust and collaboration continue to inspire our next chapter of innovation.”
Karl Roessner, Chief Executive Officer at Vestmark
