BISYS has formed a strategic alliance with Vestmark aimed at enhancing its servicing solution for separately managed accounts.
BISYS will support asset wealth managers with state-of-the-art functionality and a more robust and cost-effective servicing platform following the integration of its proprietary technology with Vestmark’s key technology components, including its JAVA-based, scalability technology; a sophisticated workflow engine; and an interface development and maintenance application.Â
Kevin Keefe, senior vice president of BISYS Wealth Management Solutions, said: “The well-documented operational challenges that asset managers face in today’s separately managed account marketplace include the lack of a robust and scalable processing platform; the need to interact with multiple, disparate external platforms; and limited aggregate business line data.”
He said: “Until our development of this servicing platform, which will efficiently leverage proven state-of-the-art technology, no servicing solution we know of adequately addresses these key challenges in a flexible and cost-effective way. We are confident that our competitively distinct servicing solution for separately managed accounts will support the near- and long-term demands of this dynamic marketplace.”
David Blundin, chief executive officer of Vestmark, added: “We will ultimately establish an industry-leading servicing solution for separately managed accounts.”
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Vestmark, Inc., based in
By developing innovative workflow and integration capabilities, Vestmark aims to deliver efficiency, flexibility, and scalability to the front- and back-offices of investment managers, sponsors, and service providers. Vestmark supports a range of managed account products, including traditional separately managed accounts (SMAs), multi-style portfolios (MSPs, MDAs, DMAs, etc.), and emerging unified managed accounts (UMAs).Â
