Berwyn, Pa. – September 15, 2026 -- Envestnet has signed a definitive agreement to acquire Vestmark, merging a wealthtech platform serving more than a third of U.S. advisors with $8 trillion in assets with a trading and portfolio management provider supporting $2 trillion in assets and over five million investor accounts.
Envestnet gains institutional-grade trading and tax transition technology from Vestmark
The acquisition adds Vestmark's portfolio management technology, institutional-grade trading infrastructure, and outsourced investment management services to Envestnet's ecosystem. Vestmark, headquartered in Wakefield, Massachusetts and founded in 2001, has built its client base over 25 years working with wirehouses and firms running institutional-scale trading operations.
Combined company will not force clients to migrate platforms
Both companies will continue investing in their existing product lines — including VestmarkONE, VAST, Envestnet Enterprise, Tamarac, and MoneyGuide — with no requirement for clients of either firm to switch platforms as a result of the deal. Vestmark clients will gain access to Envestnet's reporting and planning tools, including Tamarac and MoneyGuide, while Envestnet clients gain access to Vestmark's modular trading, rebalancing, and tax transition capabilities, including its Pulse AI-powered monitoring tools.
Envestnet CEO frames deal as end to siloed wealth management technology
"Wealth management offerings have been siloed for too long, with advisors, traders, and portfolio managers each locked into their own piece of the puzzle," said Chris Todd, Chief Executive Officer of Envestnet. He said the combined platform will extend Envestnet's AI strategy across Vestmark's workflows to unify and personalize the advisor experience.
Vestmark CEO Karl Roessner said the two firms bring complementary capabilities that neither could deliver alone, and that Vestmark will accelerate investment in portfolio management, tax management, and AI-driven capabilities following the deal.
Deal expected to close in fourth quarter with terms undisclosed
The transaction is expected to close in the fourth quarter of 2026, subject to customary closing conditions. Financial terms were not disclosed.
Ropes & Gray LLP served as legal advisor to Envestnet, with UBS, Goldman Sachs & Co. LLC, RBC Capital Markets, J.P. Morgan Securities LLC, and Morgan Stanley & Co. LLC acting as financial advisors. WilmerHale LLP served as legal advisor to Vestmark, with Raymond James & Associates and Berenson & Company acting as financial advisors.