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Financial Advisory  + Wealth Management  |  March 26, 2024
Pensionmark, Vestmark Join Forces to “Revolutionize” Wealth Management
Joe Palmisano
By: Joe Palmisano

Pensionmark, Vestmark Join Forces to “Revolutionize” Wealth Management

Wealth management software, services and solutions provider Vestmark has entered a strategic partnership with financial advisory firm Pensionmark Financial Group, the financial services division of World Insurance Associates LLC, “aimed at revolutionizing the landscape of wealth management” by delivering personalized, multi-asset investment portfolios and tax management services to financial advisors and clients.

The Pensionmark collaboration expands Wakefield, MA-based Vestmark’s footprint in the wealth management industry, where it currently supports over $1.5 trillion in assets and 5.5 million accounts, and will offer Pensionmark’s advisors access to offerings, including Separately Managed Accounts (SMA) and Unified Managed Accounts (UMA), curated, advisor-managed investment options, and more.

“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.

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About Joe Palmisano

Joe Palmisano is editorial director of Connect Money, where he oversees daily coverage of alternative assets, direct investments, financial advisory and the economy. He brings three decades of experience as a financial journalist, analyst and portfolio manager. Before joining Connect Money, Palmisano wrote for The Wall Street Journal, covering foreign exchange, global fixed-income and equity markets. He later served as a senior research analyst and portfolio manager, producing market analysis and managing foreign exchange and U.S. equity portfolios for FX Concepts. His work has also appeared in SFO Magazine and CMT Association publications. Palmisano earned a bachelor’s degree in finance from The American University and holds the Chartered Market Technician (CMT) designation and is a member of the CFA Institute.
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