Envestnet to Acquire Vestmark for Enhanced Trading and Tax Solutions
Envestnet has announced a definitive agreement to acquire Vestmark, enhancing its capabilities in portfolio management technology, institutional-grade trading, and outsourced investment services. The acquisition is expected to strengthen Envestnet's position as an Adaptive WealthTech company by integrating Vestmark’s expertise into its ecosystem. This move will allow the combined entity to better serve wealth firms of all sizes with more sophisticated solutions across their operational workflows. Vestmark supports over $2 trillion in assets and five million accounts, while Envestnet serves a third of advisors globally with $8 trillion in platform assets. The integration aims to create one connected ecosystem for managing the full wealth lifecycle—from portfolio construction to trading and management at scale—without requiring clients to migrate platforms. Both companies will continue developing their product roadmaps, including VestmarkONE, VAST, Envestnet Enterprise, Tamarac, and MoneyGuide, with additional focus on AI-forward workflows. The acquisition is expected to accelerate innovation while maintaining the strengths of both firms.
Topics: Portfolio Management Technology Integration WealthTech