Vestmark Receives $30M Equity Investment from Summit Partners

logo_vestmarkVestmark, a Wakefield, MA-based SaaS provider of unified wealth management solutions for financial advisors and institutions, received a $30m equity investment from Summit Partners.

The company intends to use the funds to increase investment in sales, marketing, and software development as well as to explore strategic opportunities and international markets.

Founded in 2001 and led by John Lunny, CEO, and Tiffany Freitas, CFO, Vestmark provides an integrated cloud-based technology platform – including modules for advisor trading, proposal generation, portfolio construction and management, trade and rebalancing, compliance, performance measurement, accounting, reconciliation, and client reporting – that allows advisors, broker dealers and asset managers to automate critical operational processes and scale across large numbers of investor accounts, efficiently delivering advice to their clients.
The company’s client base is comprised of top tier financial institutions, and the platform currently services 1.5 million accounts with an aggregate of $500 billion in assets.



Join the discussion