Vestmark, the wealth management software provider, has announced a distribution partnership with Capital Group, through which RIAs will be able to access a customizable platform of Capital Group model portfolios through their preferred custodian.
Capital Group’s suite of exchange-traded fund, mutual fund and separately managed account model solutions will also be available with Vestmark’s tax overlay, alongside implementation and trading services that can help independent advisors enhance scale and efficiency.
Karl Roessner, CEO of Vestmark, said the firm is “honored” to partner with Capital Group on an initiative that will help advisors address the increasingly complex needs of their clients.
Pete Thatch, head of the strategic relationship group at Capital Group, added that Vestmark’s technology and services enable advisors to customize portfolios for individual client requirements. That includes the ability to deploy active ETF models, he noted, which feature a selection of active ETFs intended for core portfolio positions, as well as mutual funds or SMAs.
Vestmark now supports six of the industry’s 10 largest managed account platforms, with $1.9 trillion in assets flowing through its platform.
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