Vertical Management Systems Inc. has announced that it is partnering with Envestnet | Retirement Solutions to offer end-to-end retirement recordkeeping services to advisors through ERS’ integrated retirement model.
VMS provides data, financial networking and account aggregation technology to recordkeepers, among others. VMS’s technology processes assets in excess of $600 billion for firms like Wells Fargo Bank, SEI Investments, Ascensus, The Standard and others
It provides a custodial product to retirement plans that includes such features as straight-through automated trading between the recordkeeping system, custody system and fund companies; trailer fee billing, collection, reporting and remuneration; and participant distributions.
Envestnet’s ERS retirement model is an integrated offering that includes technology and fiduciary services capabilities such as advisor practice and model management, managed plan portfolios, 3(21) advice and 3(38) management and managed accounts at the participant level.