Partnership announced that aims to transform RIA channel

Invesco and Vestmark combine forces to enable greater portfolio personalization and tax management.

A strategic partnership between a global investment management firm and a provider of wealth management software and services aims to transform the RIA channel.

Invesco and Vestmark Tuesday announced that registered investment advisors who use new and existing Invesco models will benefit from the personalization and tax management capabilities of Vestmark VAST.

The software solution enables financial advisors to create personalized and tax-optimized portfolios at scale and aligned to each client’s individual circumstances. Additionally, it enables the tax-efficient transition of legacy positions from other accounts or firms.

Invesco’s custom model portfolios provide clients with cost-effective multi-asset solutions and diversification across investment managers and factors.

“This partnership marks a significant step toward providing RIAs with innovative portfolio solutions, combining Invesco’s investment experience with Vestmark’s breakthrough tax transition and tax management service, VAST,” said Karl Roessner, chief executive at Vestmark. “We are confident that this strategic partnership will be a game-changer in the RIA channel.”