NASHVILLE, Tenn., Jan. 27, 2022 /PRNewswire/ -- AllianceBernstein
("AB") (NYSE: AB), a leading research and global investment firm,
announced today a new partnership with Vestmark, Inc. a leading
provider of wealth management solutions and services for financial
advisors and institutions. This partnership leverages AB's
state-of-the-art municipal technology, AbbieOptimizer, to bring a
new Custom Municipal SMA Solutions platform to market.
AbbieOptimizer, AB's high-tech answer to today's muni market,
integrates research, pricing, trading, and portfolio construction
into one dynamic system that streamlines the design of customized
muni strategies. Through this first-of-its-kind partnership with
Vestmark, advisors and clients can create customized muni solutions
through AbbieOptimizer's capabilities.
"At AllianceBernstein, we are continually focused on investing
in disruptive, innovative technology that delivers differentiated
value to our clients," said Jim
Switzer, Global Head of Fixed Income Trading and Head of
Municipal Bonds at AllianceBernstein. "After building and utilizing
AbbieOptimizer internally across our suite of municipal products,
we are excited to partner with Vestmark in order to expand our
technology and unique offerings with an even broader set of
clients."
The partnership with Vestmark combats many of the challenges
facing the fast-moving and fragmented muni market. AbbieOptimizer
allows AB to more efficiently source and engage municipal bond
liquidity, resulting in faster funding times, better pricing, and
the ability to continuously tax optimize portfolios through
SMAs.
The VestmarkONE platform provides seamless connectivity to major
custodians and their registered investment advisor (RIA) clients to
get timely and accurate tax-lot data for efficient trading and
optimization. This scalable joint solution allows advisors to
create highly customized fixed-income solutions for SMA clients
that reflect their specific preferences and tax situations.
The combination of AbbieOptimizer and VestmarkONE delivers
cutting edge tech-powered alphas to client municipal portfolios.
Speed Alpha, Trading Alpha and Tax Alpha are examples of big data
infused optimization techniques that are increasingly important as
investors search for income and return in their municipal
allocations.
"For the first time, financial advisors are gaining the ability
to provide personalized and tax-optimized fixed-income SMA
portfolios in an automated and scalable way – a great leap forward
for wealth management enterprises looking to provide distinctive
portfolios to a wider range of clients across the wealth spectrum,"
said Mike Blundin, CEO of Vestmark.
"Delivering innovative solutions to investors and financial
advisors is core to Vestmark so we are delighted to work with an
innovator like AB and be part of their pioneering solution to bring
greater customization, efficiency and scalability to fixed-income
SMA offerings."
As part of this partnership, advisors and firms utilizing
Vestmark's Manager Marketplace will now have access to
AbbieOptimizer as a custom solution on the platform.
For more information on AB's Custom Municipal SMA Solutions,
visit www.alliancebernstein.com.
About AllianceBernstein
AllianceBernstein is a leading global investment management firm
that offers high-quality research and diversified investment
services to institutional investors, individuals and private wealth
clients in major world markets.
As of December 31, 2021, including
both the general partnership and limited partnership interests in
AllianceBernstein, AllianceBernstein Holding owned approximately
36.2% of AllianceBernstein and Equitable Holdings, Inc. ("EQH"),
directly and through various subsidiaries, owned an approximate
64.5% economic interest in AllianceBernstein.
Additional information about AB may be found on our website,
www.alliancebernstein.com.
About Vestmark
Headquartered outside of Boston,
MA and founded in 2001, Vestmark is a leading provider of
portfolio management/trading solutions and outsourced services for
financial institutions and their advisors, enabling them to
efficiently manage and trade customized client portfolios through
an innovative SaaS platform. Supporting more than $1.5 trillion in assets and 5.5 million accounts,
Vestmark is a trusted partner to some of the largest and most
respected wealth management firms. For more information about
Vestmark's solutions, call (781) 224-3640, email
inquiry@vestmark.com, or visit www.vestmark.com.
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SOURCE AllianceBernstein