Products May 22, 2013

Vestmark Unveils Integrated Advisory Platform

VestmarkONE Advisor was rolled out as a solution offering flexibility and intuitive design that lets financial advisers manage all fee-based advisory accounts.
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The software gives advisers a single platform to manage the entire client relationship and monitor their entire book of business in real time. VestmarkONE Advisor offers real time account oversight, flexible trading tools, model management and rebalancing, daily performance, and client-ready reporting on-demand.  

The platform supports advisers in delivering investment solutions tailored to each client in an efficient and scalable manner. Visualization and proactive alerting capabilities help to support relationships and portfolios. The modeling, rebalancing and block-trading tools of VestmarkONE Advisor simplify and streamline the implementation of trading ideas and strategies across one or more portfolios, with built-in pre-trade compliance checks and tax management for every order. 

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For home offices, VestmarkONE Advisor offers a series of compliance controls and guardrails to limit the trading and portfolio management activities an adviser can perform. These controls can be tuned per adviser, allowing firms to flexibly support the varying needs and capabilities of a diverse financial adviser community while diligently enforcing and monitoring all portfolios. 

“VestmarkONE Advisor is a secure, cloud-based platform that enables financial advisers to manage all advisory accounts and seamlessly navigate client relationships at the household level, including held-away assets,” said Rob Klapprodt, president of Vestmark Software. “Financial services firms and wealth management providers can now incorporate their advisers into an integrated investment process that supports all advisory programs.” 

Vestmark provides advisory solutions and wealth management technology. More about VestmarkONE Advisor is here.  

Deals & People May 22, 2013

Lyxor Hires Hedge Fund Research Head

Frank Frecentese has joined Lyxor Asset Management’s New York office as the deputy head of hedge fund research. 
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Frecentese comes to Lyxor from Citi Private Bank. He was managing director, global head of hedge fund investments and oversaw the hedge fund investments business for Citi, with particular emphasis on sourcing, diligence and monitoring of hedge fund investments for advisory portfolios and placement businesses.

Before joining Citigroup, Frecentese was an executive director at Morgan Stanley, where he was the head of alternatives research for Graystone Research. Frecentese performed manager research globally on hedge funds and private equity funds, and managed bespoke advisory hedge fund portfolios for the firm’s ultra-high-net worth clients.

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Before Graystone, he worked on the European hedge fund desk at Goldman Sachs and practiced law with Stroock & Stroock & Lavan.

Frecentese was awarded a bachelor’s degree, summa cum laude, by Fordham University. He holds a master’s of business administration from the Wharton School at the University of Pennsylvania and a juris doctorate from New York University School of Law. 

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