Vestmark, a developer of advisory solutions and wealth management technology, has announced that Cambiar Investors has selected Vestmark Business Process Outsourcing (BPO) service to support the growth of its separately managed accounts business.
Vestmark BPO is provided to support firms that use VestmarkONE, a unified wealth management platform offering comprehensive, real-time technology that enables a wide range of financial firms to deliver holistic wealth management and a full range of advisory solutions.
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Cambiar Investors is an investment management firm that manages portfolios for its clients across multiple asset classes including Large Cap, Small Cap, SMID, International and Global. Vestmark BPO will enhance Cambiar’s operational efficiency across these strategies by automating many of the labor-intensive processes associated with managed account trading and administration, including compliance, account administration, reconciliation, and portfolio composite performance management. With Vestmark BPO performing these middle- and back-office functions, Cambiar can focus on portfolio management and trading across the distribution relationships that will be consolidated on VestmarkONE.
"In order to ensure that our clients continue to receive the best service and to address the demands of our growing business, we decided to partner with Vestmark," said Rod Hostetler, Director of Trading at Cambiar Investors. "While their BPO service helps to improve our back office efficiencies, it will also improve our modeling, rebalancing, and order management capabilities for our trading department in managing a large number of portfolios and sponsors across our investment strategies."
"The Vestmark BPO service is a flexible and efficient solution that will enable Cambiar Investors to remain focused on its core competencies and increase overall efficiency while our cloud-based, intuitive user interface will allow Cambiar’s investment and trading teams to swiftly and consistently implement their strategies across every individual account," said Steve Camp, SVP of Vestmark BPO. "We look forward to helping Cambiar maximize the value of VestmarkONE and our BPO service to enhance the quality of the investment services it provides its investors."
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