Pensionmark announces strategic partnership to build new wealth management platform

The firm is working with Vestmark to help shape the industry's future.

Two leading names in wealth management – an advisory firm and a software and services provider – are entering into a strategic partnership with the aim of creating a significant step forward for the industry.

Pensionmark Financial Group and Vestmark will work together to create an innovative and dynamic platform that draws on their respective strengths. It will be called World MAP and will streamline advisors’ operations and provide the tools they need for today’s clients.

Vestmark’s portfolio management capabilities and trading solutions that prioritize tax management and personalization as seen in its VestmarkONE technology platform will align with the retirement and wealth management expertise of Pensionmark to provide a comprehensive suite of services to advisors and their clients.

“We believe Vestmark offers some of the best trading and managed account technology in the industry, and that it is the best technology on which to build our new wealth platform, World MAP,” commented Nate Garrison, chief investment officer of Pensionmark. “Not only does Vestmark offer a great set of solutions today, but it also has a thoughtful roadmap for the future, and we are excited to be a part of that.”

Garrison added that partnering with Vestmark will continue Pensionmark’s strategy of working with leading tech providers into the wealth management space.

The new wealth management platform will be powered by Vestmark and offer Separately Managed Accounts and Unified Managed Accounts, curated investment options that are managed by the advisor.

“Pensionmark’s extensive expertise in the retirement space and commitment to the wealth management space, combined with Vestmark’s innovative technology platform VestmarkONE, and breakthrough outsourced portfolio management solution VAST, positions us to deliver front-line solutions to Pensionmark’s advisors,” said Vestmark CEO Karl Roessner. “This partnership represents our ongoing commitment to shaping the future of wealth management by empowering advisors to provide exceptional service and outcomes.”

World Insurance Associates agreed to acquire Pensionmark Financial Group in 2022.