Business Transformation | 10.29.26
Envestnet Eyes RIA Benefits of Vestmark Deal
by: James Rogers
Envestnet expects its planned acquisition of portfolio management and trading technology provider Vestmark to expand its services for registered investment advisors (RIAs), according to Sue Burton, the wealth tech’s chief marketing officer. Announced in September, the deal is expected to close in the fourth quarter. Vestmark adds scaled sponsor-trading capabilities serving large RIAs, bank trusts and wirehouses, complementing Envestnet’s strengths with broker-dealers and mid-sized firms. Both companies say existing Vestmark clients will not be forced to migrate and will retain current service. Over time, the companies plan to integrate technologies across their platforms, potentially expanding advisor customization, portfolio management and financial planning capabilities.
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