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Vestmark Surpasses $1 Trillion in AssetsVestmark Surpasses $1 Trillion in Assets

The wealth management platform has grown quickly in the less than two decades since its founding.

Samuel Steinberger, Senior Technology Editor

August 31, 2018

1 Min Read
Financial Technology

Founded in 2001, Vestmark has surpassed the $1 trillion mark in assets under management on its VestmarkONE platform, the company announced. The platform has over 3.4 million accounts, servicing broker/dealers, registered investment advisors, bank-trusts and asset managers.

CEO John Lunny attributed company growth to the trust clients have in the platform, along with an increased number of solutions. “We’re proud of our success and look forward to developing new opportunities for growth in the years to come,” he added.

A recent update to the platform allows advisors to implement a more robust options strategy.

The firm has VC backing, including backing from Vestigo Ventures, having raised $11.6 million in equity funding less than a year ago.

 

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About the Author

Samuel Steinberger

Senior Technology Editor, WealthManagement.com

Samuel Steinberger is Senior Technology Editor for Informa Connect’s WealthManagement.com. In his role, Mr. Steinberger provides the publication’s wealth and financial technology coverage. 

Mr. Steinberger’s editorial insight and familiarity with technology accelerates Informa’s growth within the financial advisor and wealth management communities, providing in-depth news for advisors and financial professionals. 

Before joining Informa Connect, Mr. Steinberger produced documentaries with former CNN anchor Soledad O’Brien at Soledad O’Brien Productions (formerly Starfish Media Group). He specialized in research, shooting and editing, as well as finding distinct voices to explain topics like mental health, poverty and racial divide. 

Prior to joining Soledad O’Brien Productions, Mr. Steinberger managed multi-departmental technology projects for global legal technology leader Transperfect Legal Solutions. After obtaining his graduate degree in journalism from Columbia University, he completed his transition from technology management to media. 

Mr. Steinberger is an award-winning journalist, author and researcher who has written, edited and reported for a number of publications, including The New York Times, Financial PlanningAmerican Banker and PBS. He is founder of beverages publication Give Me Weird Drinks

Mr. Steinberger’s technology analysis and insight has been featured in several books on virtual and augmented reality. Mr. Steinberger has received awards and recognition for his reporting and research, including the American Business Media's prestigious Jesse H. Neal Award for editorial excellence.

Follow on Twitter: @slsteinberger