About Vestmark
Vestmark provides portfolio management and trading software tailored for the financial services industry. Its main product, the VestmarkONE platform, allows clients to manage personalized, multi-asset portfolios efficiently. The platform includes features for portfolio construction, trading, rebalancing, compliance, and risk management, all integrated to enhance operational efficiency. Unlike many competitors, Vestmark focuses on improving middle and back-office operations, enabling financial institutions to concentrate on client engagement and strategic goals. The company's goal is to help clients achieve better outcomes for investors while driving growth and satisfaction through its software-as-a-service model.
Wakefield, MassachusettsHeadquarters
2001Year Founded
$39.2MTotal Funding
SERIES_BCompany Stage
Enterprise Software, Fintech, Financial ServicesIndustries
201-500Employees
Benefits
Medical, Dental, and Vision - Vestmark pays 90% of our employees’ medical and dental coverage which are administered through Blue Cross Blue Shield (BCBS) along with Eyemed for vision.
Vestmark 100% Paid Benefits - Vestmark is proud to offer maternity and parental leave, Life, Short-Term and Long Term Disability Benefits at no cost to the employee, and Employee Assistance Program and work-life benefits.
Generous PTO - Vestmark employees receive between 15 and 25 days per year of paid time off based on years of service in addition to receiving 10 days per year of paid sick leave.
Diversity - At Vestmark, we strive to create an inclusive workplace that fosters, embraces and celebrates diversity and fairness. We continue to build a comprehensive culture where all employees are Welcomed, Valued, Respected and Heard.
Flexible Spending Account (FSA) - Vestmark employees can contribute annually to health care and dependent care FSAs and participate in our employer-matched HSA program.
401(k) with Employer Matching - Vestmark will match the employee’s 401(k) and ROTH contribution up to 50% of the first 8% per pay period with a two-year vesting component.
Company Equity - Vestmark also offers additional compensation in the form of Restricted Stock Units (RSUs). Our RSUs are issued through a vesting and distribution schedule after achieving required milestones.
Match Charitable Contributions - Vestmark is very proud of our Charitable Giving Program. We will match up to $250 annually to an approved charity of our employee's choice.
Stay Fit - Exercise your mind and your body with our on-site gym located at our Wakefield, MA headquarters. If you can't take advantage of our corporate gym, our Blue Cross Blue Shield plan offers fitness reimbursement.
Pet Insurance - Employees may choose to enroll in pet insurance at a discounted rate.
Risks
Rapid fintech advancements could outpace Vestmark's current technology offerings.
Personalized financial services trend may strain Vestmark's resources for platform customization.
Reliance on partnerships like BlackRock and PureFacts exposes Vestmark to potential risks.
Differentiation
Vestmark's SaaS model supports over 1 million accounts with $250 billion in assets.
The VestmarkONE platform integrates portfolio management, trading, and compliance in one solution.
Partnerships with BlackRock and PureFacts enhance Vestmark's tax management and billing capabilities.
Upsides
Increased demand for personalized investment solutions boosts Vestmark's direct indexing offerings.
AI integration in wealth management aligns with Vestmark's partnership with PureFacts.
Cloud-based solutions trend benefits Vestmark's SaaS model in financial services.
Funding
Total raised$39.19 M
Latest valuation$35.00 M
StageSERIES_B
SERIES B
9/30/2016$7
$35.00 MGROWTH EQUITY VC
3/31/2016$30
EARLY VC
5/31/2009$2
$8.50 M