Five Regulators Move Volcker Rule Deadline to Oct. 17 Securities industry participants will get more time to weigh in on the very controversial Dodd-Frank Era “Volcker Rule,” which in its initial form prohibits proprietary trading and banks from owning hedge funds or private equity funds. Five federal financial regulatory agencies have agreed to extend until… Read More >>
Vestmark Platform Links Sponsors to Asset Managers
Vestmark, a software-as-a-service (SaaS) provider of portfolio management and trading solutions, has launched the Vestmark Manager Marketplace (VMM), which is intended to connect asset managers to sponsors such as registered investment advisors (RIAs), banks and broker-dealers. The VMM service facilitates sponsors’ links to third-party management in model portfolio format or in separately managed accounts (SMAs),… Read More >>
Vestmark Buys Technology from Advanced Objects
Vestmark, a software as a service (SaaS) provider of portfolio management and trading solutions, reports that it has acquired for an undisclosed amount the proposal generation and sales analytics technology from Advanced Objects, a Chicago-based provider of financial technology and consulting services. The Advance Objects technology will be integrated with VestmarkONE, Vestmark’s unified wealth management… Read More >>
Oppenheimer Consolidates Platforms via VestmarkONE
Investment manager Oppenheimer & Co. recently began consolidating the firms’ many platforms with the help of vendor Vestmark, a move the firm says will help it get a handle on its disparate IT systems. Vestmark offers platform consolidation system via a software as a service (SaaS) implementation, officials say. Bryan McKigney, Oppenheimer’s president, says the firm… Read More >>
