Vestmark, Inc., a leading provider of wealth management technology and services, today announced the opening of the Vestmark Center for AI Research and Development, known as the CARD, a new Boston-based center dedicated to developing AI-enabled and software solutions for wealth management.
The CARD expands Vestmark’s AI and research and development capabilities by providing a dedicated hub for engineering, product development, experimentation, and team growth. The center is designed to support Vestmark’s expanding advanced R&D team, attract specialized technology talent, and accelerate the development of new capabilities across portfolio management, trading, tax optimization, and advisor workflows.
“Vestmark has invested in its platform for more than two decades to help wealth managers address some of the industry’s most complex portfolio-management challenges,” said Karl Roessner, Chief Executive Officer at Vestmark. “The CARD extends that commitment by expanding our AI and R&D capabilities and giving our teams a dedicated environment to grow, experiment, and bring new solutions to market faster. It is an investment in our people, our technology, and the future needs of our clients.”
The opening of the CARD builds on a period of accelerated AI investment at Vestmark. The company recently appointed Freedom Dumlao as Chief AI Officer, expanding his role as Chief Technology Officer, and launched Vestmark Pulse under his leadership.
Pulse is a first-of-its-kind AI intelligence solution that continuously monitors client portfolios, surfaces timely insights, and helps wealth managers act within existing Vestmark workflows. The CARD represents the next step in Vestmark’s broader effort to responsibly embed AI across its platform and develop new solutions for wealth management firms.
“Great products come from talented people working closely together, challenging assumptions and turning ambitious ideas into something real,” said Dumlao. “The CARD gives our engineers and product teams a dedicated place to build, test, and accelerate the next generation of AI-enabled wealth technology. We have already seen what is possible with Pulse, and we are just getting started.”
Vestmark supports six of the 10 largest managed account program providers. Its technology supports more than $2 trillion in assets, more than five million investor accounts, and more than 72,000 financial advisors.
For more information, visit www.vestmark.com.
About Vestmark
Headquartered in Wakefield, Massachusetts, and founded in 2001, Vestmark is a leading provider of portfolio management solutions and outsourced services for financial institutions and their advisors. Vestmark enables firms to efficiently manage customized client portfolios through an innovative, enterprise-ready platform. Supporting more than $2 trillion in assets and more than five million investor accounts, Vestmark partners with some of the largest and most respected wealth management firms.
For more information, visit www.vestmark.com or call (781) 224-3640.
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