Vestmark Announces Strategic Agreement to Deliver Open- Architecture Custom Model Portfolios

Vestmark, Inc., a leading provider of wealth management software and services, announced today a strategic relationship with Fidelity Investments to provide eligible advisors of RIAs and broker-dealers access to an open-architecture custom model portfolio platform. 

The Vestmark platform will enable eligible RIAs and broker-dealers to access open-architecture, custom model portfolios that can include semi-liquid interval funds, SMAs, ETFs, and mutual funds, within a single portfolio and custodial account. The Vestmark platform will be offered through Fidelity at no cost to certain participating firms.

“We are excited to work with Fidelity to provide advisors with access to custom model portfolios that support personalized investment solutions and leverage Vestmark’s robust tax-optimization capabilities to help meet their clients’ unique needs,” said Karl Roessner, CEO of Vestmark.

“With growing demand from advisors for more tailored investment strategies, Fidelity continues to lead in scalable customization and advanced portfolio construction,” said Amanda Robinson, head of Wealth Advisory Managed Solutions Specialist Distribution at Fidelity Investments. “Through this strategic relationship with Vestmark, we’re excited to expand access to open-architecture custom model portfolios for RIAs and broker-dealers, including semi-liquid alternative investment products. These solutions are fully integrated with Vestmark’s platform and supported by Fidelity’s unique institutional research and investment expertise.”

Vestmark delivers intelligent tax and overlay management across the entire unified managed account (UMA), optimizing and rebalancing across both public and private holdings. Advisors can direct personalized capital gains budgets and seamlessly transition accounts with embedded gains, bringing sophisticated, integrated tax management to a broader range of clients.

By providing RIAs with tax-smart tools and broad portfolio flexibility, the Vestmark Fidelity relationship represents a breakthrough in the delivery of personalised investments.