Vestmark Closes Acquisition of Adhesion

#Lifestyle Wealth


Vestmark has closed on its acquisition of the unified managed account platform Adhesion Wealth Advisor Solutions, expanding the firm’s manager marketplace. The deal was originally announced in October.

Adhesion, which has over $13 billion in assets under administration and $3 billion in UMA assets under management, had been a Vestmark client for the past decade. It utilized VestmarkONE to build a set of tools and services on top of the wealth management platform, providing RIA clients with a variety of services, including portfolio solutions, tax management and training and support. 

The UMA platform will provide Vestmark, which recently announced crossing $1 trillion in AUM, with cross-business opportunities and a gateway into the RIA space, according to Vestmark CEO John Lunny. “This combination enables us to provide a rich RIA experience without crossing the line into becoming a TAMP or managing money. We also see an opportunity for our asset management clients to expand their reach and benefit from our larger, combined manager marketplace,” he said.

Vestmark is expecting the advisor marketplace to merge the customization of advisor-as-portfolio-manager with packaged products like firm-level oversight and outside advice, according to Rob Klapprodt, the firm’s president. The firm will also benefit from bringing Adhesion eXchange in-house, he said at the T3 Enterprise Conference last month. The hub allows advisors to access and solicit boutique investment strategies from experts, expanding the advisors’ own investment expertise.

Adhesion’s co-founder Barrett Ayers was named president as part of the deal. He said advisors will benefit from the improved onboarding and more economical ownership costs that the acquisition will facilitate. Terms of the deal were not disclosed.

PropellerAds

https://www.wealthmanagement.com/technology/vestmark-closes-acquisition-adhesion

Please follow and like us: Share This Post


Take a look at our comprehensive guide to the best and most popular information ebooks and products available today on Detoxing, Colon Cleansing, Weight Loss and Dating and Romance. They are all in one spot, easy to find and compere to make a quick selection for the product that best fits your needs or wants.

So browse through a category and make your  preferred selection and come back here to read  more choice articles and get a few more helpful tips on ways to help your enhancement.



Detoxing Reviews

Best Body Detoxification Guides & reviews





Colon Cleanse Reviews

Best Colon Cleanse Guides & Reviews





Weight Loss Ebook Reviews

Weight loss products really work! Click here





Dating and Romance Ebook Reviews

Looking for Dating Guides? Click here





Free Traffic System - Increase Targeted Website Traffic with Free Unlimited One Way Links

As an Amazon Associate I earn from qualifying purchases. “saubiosaubiosuccess.com is a participant in third party affiliate and advertising programs; The Amazon Services LLC Associates Program, and other affiliate advertising programs are designed to provide a means for sites to earn advertising fees and commissions by advertising and linking to products on other sites and on Amazon.com. Amazon and the Amazon logo are trademarks of Amazon.com, Inc, or its affiliates.”

Leave a Reply

Your email address will not be published. Required fields are marked *


Saubio's Promo Tools

As an Amazon Associate I earn from qualifying purchases. “saubiosaubiosuccess.com is a participant in third party affiliate and advertising programs; The Amazon Services LLC Associates Program, and other affiliate advertising programs are designed to provide a means for sites to earn advertising fees and commissions by advertising and linking to products on other sites and on Amazon.com. Amazon and the Amazon logo are trademarks of Amazon.com, Inc, or its affiliates.”