ENVESTNET TO ACQUIRE VESTMARK, EXTENDING ITS CAPABILITIES TO MEET THE ADVISOR MARKET'S GROWING DEMAND FOR INCREASINGLY SOPHISTICATED TRADING AND TAX SOLUTIONS - PR Newswire
AI SummaryAI-generated — verify against the source.Envestnet is acquiring Vestmark to enhance its trading and tax management capabilities, aiming to meet advisor demand for more sophisticated, automated solutions. This consolidation signals a trend toward integrated, tech-driven wealth management platforms that increasingly rely on algorithmic and automated workflows to handle complex tax-loss harvesting and trading tasks.
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