Vestmark, Fidelity Offer Open-Architecture Portfolio Platform

Wealth management software and services provider Vestmark Inc. and Fidelity Investments have agreed to provide an open-architecture custom model portfolio platform to eligible advisers.

Participating firms can access the platform through Fidelity at no cost, according to Vestmark. Registered investment advisers and broker/dealers can build portfolios and custodial accounts that can include semi-liquid interval funds, separately managed accounts, exchange-traded funds and mutual funds.

“Through this strategic relationship with Vestmark, we’re excited to expand access to open-architecture custom model portfolios for RIAs and broker-dealers, including semi-liquid alternative investment products,” said Amanda Robinson, head of wealth advisory managed solutions specialist distribution at Fidelity Investments, in a statement. “These solutions are fully integrated with Vestmark’s platform and supported by Fidelity’s unique institutional research and investment expertise.”

Vestmark supports 4.5 million accounts and $1.7 trillion in assets in partnering wealth management firms.