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.”
Chicago-based Mesirow Fiduciary Solutions adds flexPATH's plan-level outsourced fiduciary book, boosting its retirement market reach to $164 billion.
Also, Raymond James's employee advisor channel adds breakaways from Wells Fargo and Stifel, while UBS welcomes an ex-Morgan Stanley duo in Indiana.
It promised guaranteed principal and 10% monthly returns. The SEC says it invested nothing.
Ten years after entering the fee-based annuity market, MassMutual Ascend says nearly half its lifetime sales came in the past two years alone – but barriers remain among fee-only advisors.
Amplify, WealthReach, Zeplyn and Zocks have unveiled partnerships aimed at automating portfolio management, content creation, account opening, and client communication.
Northern Trust’s Ken Lassner shows advisors how to convert volatility into after-tax portfolio gains
Dan Biagini of American Equity says the steady decline of pensions, longer lifespans and a reset in interest rates are rewriting how advisors build retirement income
