Envestnet to acquire Vestmark in wealthtech deal
Envestnet is acquiring Vestmark, a portfolio manager and fintech provider. Vestmark has $2 trillion in assets on its platform, and the deal is expected to close in the fourth quarter.
Envestnet is acquiring Vestmark, a portfolio manager and fintech provider with $2 trillion in assets on its platform. The deal is expected to close in the fourth quarter. The move would amount to a significant expansion of Envestnet’s capabilities in wealth management technology.