Partnership announced that aims to transform RIA channel

Partnership announced that aims to transform RIA channel
Invesco and Vestmark combine forces to enable greater portfolio personalization and tax management.
FEB 27, 2024

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.”

Latest News

SEC charges Chicago-based investment adviser with overbilling clients more than $2.5M in fees
SEC charges Chicago-based investment adviser with overbilling clients more than $2.5M in fees

Eliseo Prisno, a former Merrill advisor, allegedly collected unapproved fees from Filipino clients by secretly accessing their accounts at two separate brokerages.

Apella Wealth comes to Washington with Independence Wealth Advisors
Apella Wealth comes to Washington with Independence Wealth Advisors

The Harford, Connecticut-based RIA is expanding into a new market in the mid-Atlantic region while crossing another billion-dollar milestone.

Citi's Sieg sees rich clients pivoting from US to UK
Citi's Sieg sees rich clients pivoting from US to UK

The Wall Street giant's global wealth head says affluent clients are shifting away from America amid growing fallout from President Donald Trump's hardline politics.

US employment report reactions: Overall better than expected, but concerns with underlying data
US employment report reactions: Overall better than expected, but concerns with underlying data

Chief economists, advisors, and chief investment officers share their reactions to the June US employment report.

Creative Planning's Peter Mallouk slams 'offensive' congressional stock trading
Creative Planning's Peter Mallouk slams 'offensive' congressional stock trading

"This shouldn’t be hard to ban, but neither party will do it. So offensive to the people they serve," RIA titan Peter Mallouk said in a post that referenced Nancy Pelosi's reported stock gains.

SPONSORED How advisors can build for high-net-worth complexity

Orion's Tom Wilson on delivering coordinated, high-touch service in a world where returns alone no longer set you apart.

SPONSORED RILAs bring stability, growth during volatile markets

Barely a decade old, registered index-linked annuities have quickly surged in popularity, thanks to their unique blend of protection and growth potential—an appealing option for investors looking to chart a steadier course through today's choppy market waters, says Myles Lambert, Brighthouse Financial.